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03 Mar 2026

Advisers to Rinovha and Xenon in Acquisition of Il Recupero

"Giovannelli e Associati advised Xenon and its portfolio company Rinovha in Rinovha’s acquisition of 100% of Il Recupero. GP Law represented Il Recupero’s majority shareholder and Chiomenti the minority shareholders. Pavia e Ansaldo handled financing advice for Xenon/Rinovha, while PedersoliGattai advised lender Tikehau Capital. Xenon’s in-house legal team also participated."

Giovannelli e Associati, GP Law, Chiomenti, Pavia e Ansaldo and PedersoliGattai, together with Xenon’s in-house legal team, advised the parties in Rinovha’s acquisition of Il Recupero. Rinovha, a company in the portfolio of the private equity fund Xenon, has acquired 100% of the share capital of Il Recupero, a business active in the collection, transport, management and disposal of hazardous and non-hazardous special waste. Tikehau Capital financed the transaction by subscribing a unitranche bond loan and providing additional financial resources to support the group in further acquisitions. Pavia e Ansaldo advised Xenon and Rinovha on all matters related to the financing of the operation. GP Law assisted the majority shareholder of Il Recupero, while Chiomenti advised the company’s minority shareholders. Giovannelli e Associati assisted Xenon and Rinovha on corporate matters and employment law aspects. Xenon’s internal legal team coordinated the sponsor’s involvement in the deal. Giovannelli e Associati represented Xenon and Rinovha with a team composed by: Matteo Colombari (partner, coordinator), Giulia Contestabile (counsel), Filippo Camerada (associate), Edoardo Pietricola (associate), Camilla Caliterna (associate), Francesca Vinci (associate) for corporate matters, and Santi Marco Calabrò (associate) for labour law matters. Xenon’s in-house legal team represented Xenon and Rinovha with a team composed by: Franco Prestigiacomo (founding partner and managing director), Gianfranco Piras (partner) and Elena Monteduro (associate). GP Law represented the majority shareholder of Il Recupero with a team composed by: Gianluca Paracciani (founder) and Giada Colotti (avvocato). Chiomenti represented the minority shareholders of Il Recupero with a team composed by: Luca De Benedetto (partner), Arnaldo Cremona (partner) and Mariateresa Lamanna (associate). Pavia e Ansaldo represented Xenon and Rinovha in relation to the financing with a team composed by: Giuseppe Besozzi (partner) and Martina Bosi (senior associate). PedersoliGattai represented Tikehau Capital with a team composed by: Lorenzo Vernetti (partner), Marcello Legrottaglie (senior counsel), Elvira Ricotta (associate), Alessandro Piocca (associate) for finance matters, and Alban Zajimai (senior counsel) and Valentina Buzzi (counsel) for tax matters.
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