18 Nov 2025

Legal advisors in the acquisition of Ollum by TÜV Austria

"TÜV Austria has completed the acquisition of a majority stake in Ollum. Legance advised Ollum's founding shareholders, Elli Falsoni advised TÜV Austria, and Illimity Bank (part of Banca Ifis Group) acted as financial and strategic advisor supporting the M&A process."

Legance assisted the founding shareholders of Ollum, while Elli Falsoni assisted TÜV Austria. Illimity Bank, part of the Banca Ifis Group, intervened as financial and strategic advisor to the founding shareholders. TÜV Austria, an international group providing tailored services in testing, inspections, cybersecurity, data protection and certification, has completed the acquisition of a majority shareholding in Ollum. Ollum is a fast-growing company specialising in strategic advisory services for businesses in the environmental, social and economic sustainability (ESG) sector. The transaction supports Ollum's growth objectives in the Italian ESG market. Illimity Bank’s M&A Advisory team supported the company throughout the transaction — from strategic and valuation analysis to buyer selection, negotiation and finalisation of the agreement — ensuring alignment with Ollum’s development plans. Legance assisted the founding shareholders of Ollum with a team composed by: Giorgio Vanzanelli (team leader), Andrea Palatini (corporate) and Giacomo Poletti (labour/employment). Elli Falsoni assisted TÜV Austria with a team composed by: Francesca Falsoni (partner), Gualtiero Zoia (corporate) and of counsel Roberto Ferrario and Roberta Fragalà (labour/employment). Illimity Bank (part of the Banca Ifis Group) acted as financial and strategic advisor to the founding shareholders of Ollum, with its M&A Advisory team supporting all phases of the operation.
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