Baldi&Partners and Bacciardi Partners with COPTIP and CCM in the acquisition of CARTEX
The Modenese companies COPTIP INDUSTRIE GRAFICHE SOCIETA’ COOPERATIVA and C.C.M. COOP. CARTAI MODENESE SOCIETA’ COOPERATIVA, leading companies in the sectors of commercial and advertising printing and the production and marketing of food packaging, have recently acquired 100% of the capital of CARTEX SRL, a company operating in the field of paper converting, based in Gambassi Terme (Florence).
For COPTIP and CCM, the presidents and legal representatives of the companies Giuseppe Rovatti and Davide Faietti, respectively, spoke.
As part of the transaction, Bacciardi Partners assisted COPTIP and CCM in the performance of Legal, Labour, Tax, Financial and Privacy Due Diligence and also provided assistance in defining the valuation aspects of the target; Environmental, Workplace Safety, Machinery and Infrastructure Due Diligence was performed by ATS Consulenti Associati.
With regard to acquisition contracts, Bacciardi Partners assisted COPTIP in the preparation, negotiation and finalisation of the letter of intent, the preliminary shareholding purchase agreement (SPA), and ancillary contracts to the SPA.
With reference to the same contracts, the firm Baldi&Partners of Reggio Emilia assisted CCM, also performing some support activities in economic-financial and valuation matters.
Bacciardi Partners, operating from the Bologna office, intervened with a multidisciplinary team composed of: for the Corporate Finance division, Partner Renato Capanna, Senior Advisor Manuela Santini and Advisor Valentino Piunti, and, for the legal and tax part, Managing Partner Lorenzo Bacciardi, LL.M., Partner Pier Federico Orciari, Associate Irene Cappelli and Junior Associate Giovanni Bigotti.
Baldi&Partners intervened with a team coordinated by Managing Partner Francesca Baldi for the legal aspects and Partner Andrea Magnanini for the economic-financial aspects.
Studio Notarile Associato Nicolini of Sassuolo handled the notarial aspects of the acquisition.
As a result of the transaction, COPTIP and CCM intend to achieve a diversification and reconversion of their product portfolio, with reference to the manufacture of packaging products for self-consumption by GDO/DO outlets.
