Cartwright Pescatore  – with a team composed of Giacomo PescatoreEleonora Giacometti and Martín Santiváñez  – for legal aspects, and Dr. Gianandrea Facchini  of Studio Facchini for accounting and tax matters, assisted the sellers in the operation in which COME S.r.l., a company specialized in third-party production of products for medium and heavy mechanical constructions, and Metal Work S.r.l., a company active in sheet metal processing for the metalworking sector, have signed a binding agreement for the sale of a 75% stake in both companies to the Manitou Group, one of the world’s leading players worldwide in the handling, aerial work platform and earthmoving sectors.

These transactions will allow the group to integrate two important phases of the assembly of machines produced at the Manitou Group’s facility in Castelfranco (Emilia Romagna). The current partners and directors of the two companies will maintain an operational role in the companies. The acquisition of the majority stake will take effect at the beginning of 2024.

As an historic partner of the Manitou Group, the company COME (280 employees – 46 million euros in turnover in 2022), based in Alfonsine in the province of Ravenna, handles all mechanical processes necessary for the assembly of the complete machine, relying on highly specialized manpower in the field of metalworking, welding and mechanical machining such as turning, boring, milling, face milling with numerically controlled machining centres.

Based in Forlì, Metal Work (70 employees – 31 million euros in turnover in 2022) has extensive experience in laser cutting, bending, and other high-strength steel sheet metal processing.

The buyers were assisted by Nash Advisory, with a team composed of Simone Giarratana, Giorgio Barbero and Alisea Zucca, as financial advisor, by lawyers David Singer, Maria Cristina Pezzullo, Federica Albano, Ludovico Scassellati and Gianluca Russo of the Cleary Gottlieb Steen & Hamilton LLP for all legal and fiscal aspects, by Grant Thornton (Antonio Aiuto, Stefano Marchetti, Edoardo Brambilla and Michela Loconsolo) for financial due diligence, Baker Tilly (Riccardo Romanini and Salvatore Crudo) for tax due diligence, Studio Legale Ichino Brugnatelli & Associati (Piergiovanni Mandruzzato and Pietro Bufi) for labor law due diligence, and Studio Atzori, represented by Gianluca Atzori, for environmental due diligence.


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