I.CO.P acquires Palingeo from F.L.S. Holding

I.CO.P. S.p.A. Società Benefit, one of the leading European players in the microtunneling and special foundations sector, whose shares are traded on Euronext Growth Milan, has completed the acquisition of a majority stake held by F.L.S. Holding S.r.l., the vehicle of Palingeo’s founding partners, amounting to 61.89% of the share capital of Palingeo S.p.A.. Palingeo is a company listed on Euronext Growth Milan and specialized in geotechnics and geognostics for the execution of construction and infrastructure works, as well as for the consolidation of foundation soils or excavation support.

The completion of the transaction triggered the obligation for ICOP to launch a mandatory takeover bid for Palingeo shares aimed at delisting.

The closing of the transaction results in the creation of a new key group in the subsoil engineering and complex infrastructure sector.

ADVANT Nctm assisted ICOP with a team led by Lukas Plattner with the support of Eleonora Parrocchetti and Andrea Iovieno, assisted by Giacomo Abbadessa, for M&A and capital markets matters, and by Francesco Mazzocchi, assisted by Francesca Scalet, for issues related to golden power regulations.

The seller F.L.S. Holding and Palingeo’s founding partners were assisted in all legal aspects by Avv. Davide Epicoco and by LCA Studio Legale with a team led by partner Benedetto Lonato and composed, for the Transaction and ECM side, of Edoardo Berni and Martina Lacalamita.