Arendt advises Lavazza Group on a voluntary tender offer over the shares of publicly traded IVS Group S.A.

Arendt & Medernach advises the Lavazza Group on a voluntary tender offer over the shares of publicly traded IVS Group S.A. in close cooperation with Italian legal counsel PedersoliGattai. 

16/05/2024

#DEAL #CORPORATE #FINANCE #CAPITALMARKETS #SHAREHOLDER #SHARES

 

The Lavazza Group and IVS Partecipazioni, the majority shareholder of IVS Group S.A., are promoting a voluntary tender offer on IVS Group S.A. shares aimed at the delisting of the shares.

Founded in 1971 as Bergamo Distributori, IVS Group S.A. is the leading vending operator in Italy and second in the European Union. The group is today active in seven European countries with a network of 128 branches and around 4,500 employees.

IVS Group S.A.’s shares are listed on Euronext Milan, STAR segment. The voluntary tender offer has been launched by a newly incorporated Luxembourg company (Grey S.à r.l.). The consideration for the tender offer is EUR 7.15 per share tendered to the offer.

Arendt & Medernach advises the Lavazza Group in close cooperation with Italian legal counsel PedersoliGattai. Arendt & Medernach’s team led by Laurent Schummer (Partner) and Serge Zeien (Partner) together with Anne Pelletier (Senior Associate), Nathalie Kibler (Associate) and Thierry Faber (Associate) manages, among others, the Luxembourg law aspects of the tender offer and the coordination with the Commission de Surveillance du Secteur Financier. In addition, Arendt Investor Services provides domiciliation, corporate administration, accounting and tax compliance services to Grey S.à r.l.

The completion of the transaction is subject to receipt of necessary regulatory approvals.

 

Arendt teams involved

Finance & Capital Markets and Corporate Law, Mergers & Acquisitions:

Laurent Schummer, Partner


Finance & Capital Markets:

Serge Zeien, Partner

Nathalie Kibler, Associate

 

Corporate Law, Mergers & Acquisitions:

Anne Pelletier, Senior Associate

Thierry Faber, Associate

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