Skip to main content van Berings

Insights

corporate banking&finance

van Berings in the Takeover of Botter Wines by a Private Equity Fund Managed by Clessidra

van Berings assisted the Botter family in the takeover of Casa Vinicola Botter S.p.A. by a private equity fund managed by Clessidra with an M&A team composed of Partner Francesco Adami and associates Gianluca Volpato and Alessandro Cattaneo and a finance team led by Partner Luca Lippolis.

The Botter winery is one of the largest exporters of Italian wine in the world with a 230 million turnover in 2020.

Through the re-investment in the controlling holding company held by Clessidra and the participation in the company's management, the Botter family will continue to play a significant operational role, thus ensuring the company's management continuity.

The acquisition has been financed by a pool of banks led by Banco BPM.

Clessidra was assisted by Gattai, Minoli, Agostinelli, Partners as legal advisor, Mediobanca and Bain&Co acting as financial and business advisors.

Latest Insights

Compliance in Art Transactions: Export Restrictions and Legal Risks

​​The increasingly interconnected global art market is subject to a complex regulatory landscape that governs the import and export of cultural property. The laws surrounding these movements not only address tax and customs aspects but also protect national cultural heritage, setting stringent criteria for the preservation and management of artworks. Understanding international regulations, as well as local specifics, is crucial to avoid issues related to sanctions, seizures, and the loss of value of artworks.

M&A and the Foreign Subsidies Regulation: New Challenges for Cross-Border Transactions

​Regulation (EU) 2022/2560 on Foreign Subsidies (FSR) has reshaped cross-border M&A operations. Effective with notification obligations from October 12, 2023, the FSR introduces additional scrutiny of financial contributions from third countries to preserve a level playing field in the EU market. For companies engaged in cross-border M&A, understanding and managing the FSR is essential for strategic planning.

Art as a Financial Asset: Legal Implications for Companies

The art market has undergone a significant transformation, with artworks increasingly being used as financial assets. Institutional collectors, investment funds, and auction houses consider artworks as strategic portfolio diversification tools and collateral for bank loans. However, integrating art into the financial sector raises several legal implications that extend far beyond mere commercial transactions.

DISCLAIMER: the content of this news is for informational purposes only and neither represents, nor can be construed as a legal opinion