White Cloud Capital Invests In Austep

Italian law firm Picciau|Sagramoso has advised Austep, an Italian engineering company specialized in Water & Wastewater Treatment (Wwt) and Waste to Energy (WTE), in the investment of the company by the private equity fund White Cloud Capital.

Signed on July 21st, the investment agreement is expected to proceed in four tranches, dependent on a number of conditions. The first tranche of the transaction was closed on the 2nd August.

Austep aims to use the resource acquired through the investment to finance the business’ foreign market expansion, particularly in Europe, Asia and the Americas, by developing larger and more capable installations.

Austep was advised by Picciau|Sagramoso, with a team led by Partner Giovanni A. Sagramoso. White Cloud Capital was advised on the investment by a team at Bonelli Erede, led by Partner Gianfranco Veneziano.