Simmons & Simmons has advised on the financing for OEP Danzig BidCo’s acquisition of Digital Value and its mandatory tender offer for remaining shares.
International law firm Simmons & Simmons has advised Mediobanca – Banca di Credito Finanziario S.p.A. and Banco BPM on the financing for the acquisition of Digital Value S.p.A. and the launch of the related mandatory tender offer.
OEP Danzig BidCo S.p.A. (BidCo), an entity controlled by private equity firm One Equity Partners, has completed the acquisition of the majority stake held by DV Holding S.p.A. in Digital Value S.p.A. (Digital Value), a company listed on Euronext Milan and a leading provider of IT solutions and services in Italy. Following completion, BidCo will launch a mandatory public tender offer for all remaining ordinary shares of Digital Value.
Simmons & Simmons advised Mediobanca in its role as Global Coordinator of the financing and Issuing Bank of the Cash Confirmation, and Banco BPM as Mandated Lead Arranger. The multidisciplinary team was led by Partner Franco Gialloreti and Counsel Tommaso Zanirato in Milan, with cross-border support from Luxembourg.
Commenting on the transaction, Franco Gialloreti said: “We are proud to have advised Mediobanca and Banco BPM on such a significant transaction in the Italian technology sector. This underscores the strength of our cross border capabilities and our experience supporting clients on complex market operations.”
