Gelmetti and Dentons advise on Rinovha Group acquisition of AG7 and Bellatrice

Gelmetti Studio Legale Associato and Dentons acted as legal advisers in the transaction: Gelmetti assisted Rinovha Group — a holding formed by Xenon Private Equity through the Xenon PE VIII fund — in the acquisition of Bellatrice and AG7, while Dentons represented the sellers Rigel and Galli. The transaction involves the full acquisition by Rinovha Group of Bellatrice and AG7 from Rigel and Galli. The acquisition strengthens Rinovha Group's positioning in the waste-treatment sector in line with an industrial strategy focused on sustainability, process innovation and operational efficiency. The integration of AG7 and Bellatrice expands the group's industrial footprint and enhances specialist capabilities across the entire waste management chain. AG7 and Bellatrice have operated for more than 15 years at the Bollate industrial hub (Milan), providing storage, sorting and treatment services. The companies collect, transport and send to recovery or disposal the waste generated on major construction sites in Milan and serve a client portfolio that includes multinational leaders in their sectors, industrial companies, small and medium-sized enterprises and construction sites across Lombardy, as well as in Piedmont and Emilia-Romagna. The plants also receive special waste from about 30 platforms in municipalities of the Metropolitan City of Milan and currently constitute the largest Rilegno platform in Northern Italy by volumes treated, representing a key asset in the recovery of wood waste. Tikehau Capital financed the project by subscribing a unitranche bond and providing additional financial resources to support the group in further acquisitions. Gelmetti Studio Legale Associato represented Rinovha Group with a team composed by: Pierfrancesco Gelmetti (partner), Dolores Mugherli (senior associate), Federica Malerba (of counsel), Tomaso Piozzo di Rosignano (associate) and Carlo Bertazzi (trainee). DL Law represented Rinovha Group for labour law due diligence with a team composed by: Alberto De Luca (partner), Raffaele Di Vuolo (managing associate) and Ines Porro (junior associate). Labor-b represented Rinovha Group for payroll due diligence with a team composed by: Antonio Pellegrino (manager). Dentons represented the sellers Rigel and Galli with a team composed by: Luigi Costa (partner and head of the Project, Energy and Infrastructure business unit for Italy), Ginevra Biadico (managing counsel), Alice Bixio (junior associate) and Sofia Rizzi (trainee), together with Luca De Menech (partner) and Martino Ruggiero (associate) for labour law aspects. PedersoliGattai represented Tikehau Capital with a team composed by: Lorenzo Vernetti (partner), Marcello Legrottaglie (senior counsel), Elvira Ricotta (associate) and Alessandro Piocca (associate) for finance matters, and Alban Zajimai (senior counsel) and Valentina Buzzi (counsel) for tax matters related to the issuance. Pavia e Ansaldo Studio Legale represented Rinovha Group on finance matters with a team composed by: Giuseppe Besozzi (partner) and Martina Bosi (senior associate).

Gelmetti and Dentons advise on Rinovha Group acquisition of AG7 and Bellatrice

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