Alpha Test Group (White Bridge)‘s Acquisition of Bolean and 700+ Club

Zangrando Avvocati advised Boolean on its sale to Alpha Test Group.

Stefano Zangrando of Sani Zangrando Avvocati advised Boolean’s sellers  on corporate and M&A matters during the transaction. Boolean was also advised by ACTA’s Annalisa Donesana on tax and M&A concerns.

Gatti Pavesi Bianchi Ludovici advised Alpha Test Group with a team comprising Michele Aprile and Paolo Ludovici. Both advised on tax and M&A matters. Alpha Test Group was also advised by Giovanelli e Associati Studio Legale, whose team comprised Matteo Delucchi (advising on corporate and M&A) and Michele Mocarelli (advising on finance).


An Interview With Stefano Zangrando at Sani Zangrando Avvocati

Can you tell us a little more about your involvement in the deal and what it entailed?

The firm was involved since day one of the negotiation and we had the chance to advise our clients from the very first draft of the letter of intent, which is always the best way as you get the whole picture. Particularly this time around as those were the first in person meetings we have had after a year and a half of video meetings due to lockdowns.

Did any issues arise during the course of the transaction? If so, how did you work to overcome them?

Not properly “issues” (i seldom use the word “deal breaker” and this time there was nothing even resembling one) but there are always hurdles to overcome and the way to do this is to basically continue liaising between sellers and the buyer until a solution is found. Each transaction is different, so each time the advisors have to find tailor-made solutions.

Why is the outcome of this acquisition beneficial to all parties involved?

It is certainly beneficial to everyone: Alpha Test is a leader in the field of education and testing for admission to Universities. Boolean is extremely strong in the digital field and a edu-tech champion in the coding field: its courses are guaranteed to teach students full-stack web development in a matter of few months and more than 95% of its students find a job within six months of the end of their courses. Synergies are simply there to be taken.

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