ICG Acquires Majority Stake in Excellera Advisory Group from Xenon Private Equity

ICG, one of the leading global alternative asset managers, listed on the London Stock Exchange, has signed binding agreements to acquire a majority stake in Excellera Advisory Group, an Italian company active in the corporate affairs sector, from Xenon Private Equity. 

The transaction simultaneously involves the sale of the majority stake by Xenon Private Equity and the transfer of all minority shareholders’ stakes in Excellera Advisory Group, with some of these shareholders reinvesting alongside the new majority shareholder. The transaction will lead ICG to hold approximately 70% of Excellera, while the operating shareholders will reinvest for the remaining 30%, maintaining control of the holding company and the group’s operating companies.

ICG was assisted by PedersoliGattai with a multidisciplinary team led by partner Gerardo Gabrielli and composed of senior counsels Cristina Riva and Maria Persichetti, senior associate Ioana Maria Gaga, and associates Giulia Fioramonti and Giuseppe Accogli for corporate matters; partner Cristiano Garbarini, senior counsel Alban Zaimaj, and counsel Valentina Buzzi for tax law; partner Lorenzo Vernetti and senior counsel Marcello Legrottaglie for finance; partner Lorenzo Cairo, senior associate Federica Ferretti, and associate Francesca Serino for labor law; senior counsel Fabiana Campopiano and associates Mattia Gilioli and Letizia Sartori for antitrust issues. Due diligence was coordinated by senior associate Clara Balboni and associate Camilla Marzato.

Gatti Pavesi Bianchi Ludovici assisted Xenon, with a team led by equity partner Andrea Giardino, with partner Giuseppe Toia and associates Gianmarco Melillo and Marina Orlando.

BonelliErede advised the directors and managers of Excellera Advisory Group, minority shareholders, with a team led by partner Stefano Micheli, senior associate Isidoro Pietro Livia, associate Melian Zheng, and Alba Mazza on corporate M&A matters. Partner Vittorio Pomarici, senior associate Alessia Varese, associate Claudia Numerati, and Michele Fava handled labor law matters, and partner Claudio Tesauro took care of antitrust aspects.

Eversheds Sutherland acted as co-counsel for the minority shareholders’, assisting Barabino and Partners Futura, Aldebaran, Luca Barabino, and Federico Steiner with a team led by partner Alessandro Vischi for Corporate M&A, supported by senior associate Giovan Battista Biondo and executive partner Valentina Pomares for labor law, assisted by counsel Antonio Santini and senior associate Cecilia Rimoldi.

Cattaneo Dall’Olio Rho & Partners, with a team consisting of senior partner Giorgio Dall’Olio, salary partner Elisabetta Dall’Olio, and manager Elena Scarpellini, advised Barabino & Partners Futura, Luca Barabino, and Federico Steiner on the strategic and tax aspects of the transaction.