Bacciardi Partners has assisted San Marco Group S.p.A., a leading company in the field of paints and coatings for the construction industry, in the acquisition of 100% of the share capital of Firenze Enterprises Inc, a US-based company operating in the state of Florida, and Firenze Enterprises Llc, a US-based company operating in the state of New York, both leaders in the resale and distribution of decorative paints in the United States.
Bacciardi Partners, with a team comprising Managing Partner Lorenzo Bacciardi, LL.M., Partner Pier Federico Orciari, Of Counsel Ilenia Veloni, and Associate Rebecca Milandri, has provided comprehensive legal assistance to San Marco Group S.p.A. throughout the entire acquisition process.
The assistance included:
1. Negotiating and finalizing the letter of intent for the acquisition of the two US-based companies;
2. Coordinating the legal Due Diligence activities conducted in the United States;
3. Negotiating and finalizing the Share Purchase Agreement;
4. Negotiating and finalizing the ancillary contracts to the Share Purchase Agreement, aimed at facilitating the transition of activities post-closing.
Bacciardi Partners was supported by the AVILA Law Firm for the legal Due Diligence activities in the US territory, with a team led by partner Patricia M. Hernandez.
San Marco Group S.p.A. is one of the leading global companies in the production and distribution of paints and coatings for the construction industry.
Firenze Enterprises Inc and Firenze Enterprises Llc are two companies engaged in the resale and distribution of decorative finishes and continuous floor coatings in the United States.
The transaction is part of San Marco Group S.p.A.’s growth plan through acquisitions and internationalization, aiming to capture specific market segments with increasing demand for high-quality products distinguished by the Made in Italy label.