Investindustrial to Acquire Forno d’Asolo

Paul, Weiss is advising Investindustrial on the committed debt financing for its acquisition, alongside the Bagnoli family, of Italian frozen pastry maker Forno d’Asolo from BC Partners. As a part of the transaction, announced with a value reported by Bloomberg of €1.1 billion, Investindustrial and the Bagnoli family, founders of Italian gelato company Sammontana, will be joint owners of the combined businesses, alongside senior management of the two companies.

The Paul, Weiss team is led by corporate partners Neel Sachdev, Matthew Merkle, Stefan Arnold-Soulby and Deirdre Jones, and included counsel Nicolò Ascione; and tax partners Timothy Lowe and Cian O’Connor, and counsel Jamie Chambers.