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22 Apr 2026

Argos Funds Acquires Majority Stake in Relevi from Proa Capital — Law Firms Advising on the Deal

"Argos Funds has agreed to buy a majority stake in Relevi from Proa Capital; Proa will remain a minority shareholder alongside Swen Responsible Investments, BNP Paribas BNL Equity Investments, Anima Alternative SGR and BBPM Invest SGR. Relevi is a European private‑label maker of home‑care products (air fresheners, bathroom care, scented candles and pet‑care items) active in Italy, Spain, France, Germany and the UK. Legal advisers included Giovannelli e Associati (corporate/contract and financing support) and WST (tax) for Argos; Legance for Proa; Eptalex – Garzia Gasperi Iannacone & Partners for Relevi’s management; Hogan Lovells for several investor funds; and Simmons & Simmons for the financing banks."

Law firms and who they assisted: Giovannelli e Associati and WST (for Argos Funds); Legance (for seller Proa Capital); Eptalex – Garzia Gasperi Iannacone & Partners (for Relevi’s management); Hogan Lovells (for investors BNP Paribas BNL Equity Investments, Anima Alternative SGR – Anima Alternative Growth fund – and Banco BPM Invest SGR); and Simmons & Simmons (for the financing banks). Transaction summary: Argos Funds, acting for its Climate Action buyout fund (a paneuropean “grey to green” fund), agreed to acquire a majority stake in Relevi from Proa Capital. Proa Capital will remain a minority shareholder alongside Swen Responsible Investments in Sustainable Equity, BNP Paribas BNL Equity Investments, Anima Alternative SGR and BBPM Invest SGR. Relevi is a European private‑label manufacturer of home‑care products (air freshener gels, bathroom care, scented candles, pet‑care items) operating in Italy, Spain, France, Germany and the UK. Lawyers involved (with seniority and practice area where specified): - Giovannelli e Associati (advising Argos Funds on corporate and contractual matters): Alessandro Giovannelli (partner), Matteo Bruni, Ilaria Meda (team members — corporate/contractual). - Giovannelli e Associati (advising Argos Funds on financing): Michele Mocarelli and Benedetta Paccoia (financing team). - WST (M&A team) — tax advice for Argos Funds (no individual names provided). - Legance (advising Proa Capital on corporate matters): partners Giacomo Gitti and Cristina Marani, and lawyer Filippo Antonio D’Amato (corporate); Paolo Ronca (tax). - Eptalex – Garzia Gasperi Iannacone & Partners (advising Relevi management on contractual, governance and investment matters): partners Jacopo Gasperi and Gabriella Opromolla (team leaders, contractual/governance/investment); partner Andrea Iannaccone (tax). - Hogan Lovells (advising investor parties): - BNP Paribas BNL Equity Investments: partners Alessandro Seganfreddo and Ferigo Foscari, with associate Daniela Archi. - Anima Alternative SGR (for the closed Italian fund Anima Alternative Growth): partners Francesco De Gennaro and Bianca Caruso; counsel Francesco Manzari; senior associate Beatrice Bertuzzi; associate Francesca Foti. - Banco BPM Invest SGR (for the Private Equity Opportunities fund): partner Francesco De Gennaro; counsel Francesco Manzari; associate Francesca Foti. - Simmons & Simmons (advising the financing banks — financing/banking team): team led by Franco Gialloreti and Tommaso Zanirato, composed of Giorgio Peli and Veronica Ciardo. (Where the press release did not specify individual names or exact seniority/practice area, this has been noted.)
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