Law firms in the acquisition of Orion by PAI Partners

PedersoliGattai, Latham & Watkins, Cleary Gottlieb and Chiaravalli Reali e Associati advised PAI Partners in the transaction, while LCA Studio Legale represented the sellers and A&O Shearman acted for the financing banks. PAI Partners has completed the acquisition of Orion, an Italian provider of environmental monitoring services, from Xenon Private Equity. Originally founded in 1988, Orion developed into a multi-specialist platform delivering integrated solutions across four verticals: water, air quality, emissions control and technical asset optimisation. The acquisition of Orion is the first investment executed through the PAI Mid‑Market Fund II, PAI’s second fund focused on mid‑market opportunities. PedersoliGattai represented PAI Partners with a team composed by: Antonio Pedersoli (partner, corporate & M&A), Jean‑Daniel Regna‑Gladin (partner, corporate & M&A), Gregorio Lamberti (partner), Chiara Guidi (partner), Mimosa Viglietti (associate), Luigia Romano (associate), Nicola Martegani (who coordinated legal due diligence) and Valentina Martinotti (who coordinated legal due diligence). Latham & Watkins represented PAI Partners for antitrust and foreign direct investment (FDI) matters with a team composed by: Mathilde Saltiel (partner, antitrust/competition), Philipp Studt (counsel), Cesare Milani (partner), Lorenzo Sacco (associate), Edoardo Cassinelli (associate) and Agnès de Fortanier (associate). Cleary Gottlieb represented PAI Partners on financing aspects with a cross‑border UK/Italy team composed by: Ed Aldred (partner, financing), Alessandro Gennarino (senior attorney), Federico Pappalettera (associate) and Jack Dryden (associate). Tax aspects of the financing were handled by Robert Sharpe (partner, tax), Vania Petrella (partner, tax) and Gianluca Russo (senior attorney, tax). Chiaravalli Reali e Associati represented PAI Partners on tax due diligence and fiscal structuring with a team composed by: David Reali (senior partner), Marco Curti (partner) and Alessandro Maruffi (partner). LCA Studio Legale represented the sellers (Xenon Private Equity) on transactional matters and vendor due diligence with a team composed by: Benedetto Lonato, Riccardo Massimilla, Virginia Cella, Giacomo Tommasi, Nicole Meyerhoff and Ginevra Losi, supported by the firm’s specialist teams. A&O Shearman represented the financing banks with a team composed by: Diego Esposito (partner), Alessandra Pala (partner) and Pietro Scarfone (partner), assisted by Edoardo Brugnoli (associate), Alessia Cellucci (associate), Giulia Oradei (associate) and Marco Mazzurco (associate). Tax matters for the lenders were handled by Elia Ferdinando Clarizia (counsel, tax).

Law firms in the acquisition of Orion by PAI Partners

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