News 20.03.2024

PedersoliGattai with MV Agusta Motor in the sale of a majority interest to KTM, controlled by PIERER Mobility

KTM, Austrian company that develops and produces motorbikes in the “race-ready offroad” and “street” categories, has acquired an interest in MV Agusta Motor, Italian motorbike manufacturer based in Varese, one of the world’s leading manufacturers of high-end motorbikes.

Already in November 2022, KTM AG, controlled by PIERER Mobility AG, acquired 25.1% of MV Agusta Motor S.p.A. corporate capital, in the context of a capital increase and, by this transaction, KTM shall acquire a further 25% interest from Art of Mobility, thus becoming a majority shareholder.

KTM AG early exercised its option to acquire a majority interest in MV Agusta Motor S.p.A. and will also take over its industrial management.

PedersoliGattai advised Art of Mobility and MV Agusta with a cross-practice team led by partner Andrea Magliani and composed of salary partner Luca Rossi Provesi, senior associate Edoardo Augusto Bononi and associate Francesca Risso.

MV Agusta in-house team was led by general counsel Stefania Cane.

Juniper Investment Partners acted as financial advisor with a team led by partner Simone Tedeschi.

Domenico Chiofalo, notary public, acted in relation to all notarial aspects of the transaction.

Verena Schneglberger-Grossmann acted as general counsel of KTM with support from the in-house legal team of the company.

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