Equinox Acquires 40% of Pizzium

Pizzium, a group of Milan-based Neapolitan pizzerias founded in 2017, has announced the inclusion of Equinox as part of its business.

Equinox acquired 40% of Pizzium’s share capital through a special purpose vehicle in a transaction that involved a mix of an indivisible capital increase of €6 million and the purchase of shares from previous shareholders. Pizzium co-founders Stefano Saturnino and Nanni Arbellini, respective CEO and product development manager of the company, remain in control of the business.

Villa Roveda e Associati assisted Pizzium shareholders for the tax and labour lax aspects of the transaction with a team led by partner Giacomo Volpi. Associate Niccolò Treppo worked on tax and financial aspects, while associates Laura Tripodi and Elena Dossena worked labour law aspects.

Pizzium shareholders were also advised by Molinari Agostinelli and Gattai Minoli Partners, while Equinox was advised by Gatti Pavesi Bianchi Ludovici. Due diligence was carried out by PwC for business and accounting aspects and by Deloitte for environmental aspects.

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