Di Capua & Partners and Ughi e Nunziante assist FIVE Group in admission to preventive composition procedure

Di Capua & Partners and Ughi e Nunziante represented the FIVE Group — Global S.r.l., FIVE S.r.l. and MP Consulting S.r.l. — in the group's admission to a group preventive composition (concordato preventivo) in direct business continuity before the Court of Nola. The Court of Nola has declared the opening of the group preventive composition procedure in continuity for Global S.r.l., FIVE S.r.l. and MP Consulting S.r.l., companies active among the Italian leaders in marketing products and services through direct sales organisations. The Group operates with a network of approximately 470 promoters and 240 operators engaged in telephone marketing, telesales and customer care, distributed across 73 operational units. The restructuring plan rests on a strategy of direct business continuity aimed at ensuring the continuation of the Group’s activities and the protection of employment levels. Funding for the plan is expected to come from the collection of receivables, available liquidity, future cash flows generated by the business and contributions of external financing. A central element of the recovery measures is a corporate reorganisation designed to achieve a strategic and operational realignment that will reduce administrative costs and improve managerial efficiency. Following court approval, a simplified merger by incorporation is planned: FIVE S.r.l. and MP Consulting S.r.l. will be merged into Global S.r.l., which will become the group’s parent company. The restructuring also envisages the acquisition by Global S.r.l. of 40% of the shares in MP Consulting S.r.l. currently held by shareholder Salvatore Pisano; that purchase will be enabled by a non‑repayable contribution provided by Mr. Pisano. This operation is intended to consolidate the ownership structure and facilitate the subsequent merger. With this transaction the FIVE Group aims to strengthen its financial position, rationalise its internal structure and secure business continuity, laying the foundations for a more efficient and sustainable long‑term management. Di Capua & Partners represented clients Global S.r.l., FIVE S.r.l. and MP Consulting S.r.l. with a team composed by: Raffaele Di Capua (Partner) and Rita D’Andrea (Manager). Ughi e Nunziante represented clients Global S.r.l., FIVE S.r.l. and MP Consulting S.r.l. with a team composed by: Gianluigi Pugliese (Partner), Gianfranco Arpea (Partner) and Davide Brusaporci (Associate).

Di Capua & Partners and Ughi e Nunziante assist FIVE Group in admission to preventive composition procedure

Read the full story

Cookie Preferences

Strictly Necessary

Analytics & Statistics

Marketing & Ads