09 Dec 2025

Unigrains, BNP Paribas BNL Equity Investments and co-investors acquire L'Albero del Pane and Tedesco

"Gitti and Partners and PedersoliGattai acted as legal advisors to the acquirers, while ADVANT Nctm advised the sellers in the acquisition of L'Albero del Pane and Tedesco by Unigrains together with BNP Paribas BNL Equity Investments, Hydra and Alexa Invest. Banco BPM provided financing and its in-house counsel participated on the lender side."

Gitti and Partners represented Unigrains Italia, PedersoliGattai represented BNP Paribas BNL Equity Investments and ADVANT Nctm advised the selling family in the acquisition of L'Albero del Pane and Tedesco; Banco BPM acted as lender and was assisted by its in-house legal team. The transaction involved the acquisition by Unigrains, together with co-investors BNP Paribas BNL Equity Investments, Hydra and Alexa Invest, of L'Albero del Pane and Tedesco, an Italian group active in the production and distribution of sweet and savoury baked goods, including biscuits, croissants, fresh pastry, celebration leavened products and bread substitutes. The target was owned by the Tedesco family, who concurrently reinvested in the group's holding. The acquisition was supported by bank financing provided by Banco BPM. Gitti and Partners represented client Unigrains Italia with a team composed by: managing partner Vincenzo Giannantonio and senior associate Giulia Fossati Zunino, with Alessandro Baronchelli (associate), Rosanna Forcella and Michelle Leone (junior associates) on M&A; partner Domenico Patruno on banking; senior associate Virna Caterina Ferretto on real estate; partner Elisa Mapelli and junior associate Francesco Cannavina on labour; partner Laura Sommaruga and senior associate Federico Ianeselli on administrative law; partner Flavio Monfrini and associate Filippo Valle on privacy and 231; partner Marco Blei on IT and IP. Gitti and Partners worked alongside Unigrains Italia's in-house team composed by Francesco Orazi, Alfredo Cicognani and Simone Cordisco. PedersoliGattai represented client BNP Paribas BNL Equity Investments with a team composed by: partner Jean-Daniel Regna-Gladin, senior associate Chiara Guidi and associates Alessandro Pirera and Luigia Romano. PedersoliGattai worked together with BNP Paribas BNL Equity Investments' in-house team composed by Lorenzo Langella, Lorenzo Canestri and Francesco Placanica. ADVANT Nctm represented the selling shareholders (the Tedesco family) with a team composed by: partners Pietro Zanoni and Alessia Trevisan, managing associate Natali Prodan and associates Eleonora Bellavita and Francesca Gentile. Notary Office Ciro De Vivo handled the notarial aspects with a team composed by notary Ciro De Vivo and lawyer Mario Lado. Pirola Pennuto Zei & Associati acted as tax adviser to Unigrains Italia with a team composed by: Gianfranco Buschini (partner), Mara Palacino (partner), Sabrina Ricciardi (associate partner) and Federica D'Amelio (senior associate). Studio Degli Innocenti acted as tax and accounting adviser to the sellers with Simone Degli Innocenti. Banco BPM, as lender, participated with its deal team and was assisted on legal matters by its in-house counsel Antonella Iadarola and Fernando Apa.
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