Armònia acquires majority stake in Prevenzione e Salute Holding with advisors named

Alonzo Committeri & Partners, Gatti Pavesi Bianchi Ludovici and Greenberg Traurig advised Armònia SGR; Ashurst represented the financing banks (Banca Ifis as agent, BPER Banca – Corporate & Investment Banking and UniCredit); Chiomenti, Studio ABI and Deloitte Legal assisted Prevenzione e Salute Holding (PSH) and the reinvesting shareholders; Justlex acted for selling CEO Carla Trevisan. Studio Gnudi provided accounting assistance to the target group and Banca Finint served as financial advisor to PSH and the reinvesting investors. Transaction description Italian private equity manager Armònia SGR has acquired a majority stake in Prevenzione e Salute Holding (PSH), an Italian group operating polyclinics and medical centres across multiple regions. The transaction constitutes the fourth investment by Armònia Italy Fund II and envisages the reinvestment of the CEO and current shareholders as minority stakeholders to support the group's next growth phase. The PSH platform, conceived by founder and CEO Giovanni Battista Pisani and structured in 2021 as a club deal promoted by Banca Finint in partnership with Ribox (Riello family) and Stel-fin (Peretti family), began with the acquisition of two medical centres and expanded through consolidation to more than 35 operating companies. PSH provides a broad range of services including specialist medicine, rehabilitation, laboratory testing, imaging diagnostics, occupational health, day surgery/day hospital, environmental analysis, corporate welfare and training, with a focus on out-of-pocket spending. Today the group reports approximately €40 million in revenue, solid operating margins and significant synergies potential. Armònia’s plan, developed in coordination with the CEO, is to accelerate PSH’s growth both organically—leveraging favourable market dynamics and the group’s competitive positioning—and via selected external acquisitions in key geographic areas, aiming to build a leading operator able to offer a comprehensive and complementary range of healthcare services. Advisors and teams Alonzo Committeri & Partners represented Armònia SGR with a team composed by: founding partner Gian Marco Committeri and associates Angelo Cerrai, Chiara Ferilli, Matteo Ponzetta, Francesco Santori and Tommaso Malatesti, advising on tax and due diligence matters. Gatti Pavesi Bianchi Ludovici represented Armònia SGR with a multidisciplinary team composed by: equity partner Andrea Giardino and partner Livia Cocca; senior associates Roberto Gambino and Gianmarco Melillo and associate Beatrice Pagliari for corporate matters; junior partner Elisabetta Patelli and associate Sara Nisticò for administrative law matters including golden power prenotification; junior partner Nicolò Farina and associate Federica Neri for labour law issues related to the reinvestment of Dr. Pisani and the new governance arrangements. Greenberg Traurig represented Armònia SGR with a team composed by: partner Daniele Migliarucci, senior associate Cristina Cupolo and Lucrezia Naronte, advising on finance aspects of the transaction. Ashurst represented the financing banks (Banca Ifis as agent, BPER Banca – Corporate & Investment Banking and UniCredit) with a team composed by: partner Riccardo Rossi, associate Giuseppe Murano and trainee Carlotta Di Cretico. Chiomenti represented Prevenzione e Salute Holding and the reinvesting shareholders with a team composed by: Luigi Vaccaro, Alessandro Buscemi, Roberto Gava and Andrea Masut on corporate matters; Massimo Antonini, Elisabetta Costanza Pavesi and Filippo Giuseppe Rocchi on transaction structure and tax matters; and Prof. Giulio Napolitano, Luca Masotto and Chiara Grazzini on FDI aspects. Studio ABI represented the target group and the reinvesting shareholders with a team composed by: Silvano Brusadin and Andrea Azzano. Deloitte Legal represented Prevenzione e Salute Holding and the CEO and reinvesting shareholder Dr. Giovanni Battista Pisani with a team composed by: Daniele Soru, Gary Pietrantonio and Eleonora Neri. Justlex represented selling CEO and shareholder Carla Trevisan with a team composed by: Antonello Senes and Armando Nania. Studio Gnudi represented the target group on accounting matters with a team composed by: Romano Conti and Alessandro Salmi. Armònia SGR internal deal team: Armònia SGR was supported by its internal team composed by: Maurizio Fanetti (junior partner), Marco Formicola (investment manager) and Andrea Antongiovanni (analyst). Additional advisors: Banca Finint acted as financial advisor to PSH and the reinvesting shareholders.

Armònia acquires majority stake in Prevenzione e Salute Holding with advisors named

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