Irca SpA, a company controlled by Advent International, entered into a binding agreement for the acquisition of the entire corporate capital of the newco into which the company run by Benetti family shall be contributed.

Benetti is a leading Italian company in the distribution of food products to pastry shops, bakeries, ice cream parlours, delicatessens, bars, hotels and restaurants.

PedersoliGattai advised Irca with a team led by Carlo Montagna (partner) and including, for M&A aspects, Francesca Luvisotti (senior associate) and Elena Secondari (associate).

Labour law aspects were managed by Lorenzo Cairo (partner) and Silvia Maresi (associate).

Legal due diligence activities were coordinated by Nicola Martegani (senior counsel), with support from Clara Balboni (senior associate) and Camilla Marzato (associate).