We assist buyers, sellers and investors in acquisitions, disposals, succession and private equity deals involving Italian SMEs: from initial valuation to closing and post-deal integration. One team for financial, tax and corporate matters, across Italy.
In SME deals, value is created or lost in the details: the quality of the numbers, the tax structure, price mechanisms and warranties. That is why we combine M&A experience with the expertise of Chartered Accountants and Statutory Auditors.
Our team has worked on transactions exceeding €1 billion in enterprise value, on both buy-side and sell-side, as financial and tax advisor.
Valuations based on cash flow, income and market multiple methods, for sales, acquisitions, new shareholders, capital increases and succession.
Buy-side financial and tax due diligence and sell-side vendor due diligence: quality of earnings, net financial position, working capital and tax risks.
Share or asset deal, NewCo and leveraged buyout, seller rollover, earn-out and vendor loan: the most efficient structure from a financial and tax standpoint.
Support on the letter of intent, negotiation and the financial and tax terms of the SPA: price mechanisms, locked box or closing accounts, tax indemnities.
Succession planning: sale to third parties, managers or a search fund, corporate reorganisations and intergenerational transfer tools.
Price adjustments, accounting and reporting integration, governance of the new group, mergers and subsequent transactions.
We prepare the company for sale, estimate its value and support you in negotiations to maximise your net proceeds.
Due diligence, valuation and deal structuring for acquisitions and external growth.
Support to funds, family offices, club deals and search funds investing in Italian SMEs.
Transactions exceeding €1 billion in enterprise value, buy-side and sell-side.
One team for valuation, due diligence, tax structuring and corporate matters, with of-counsel legal support.
We work with the utmost confidentiality, across Italy and in English for international counterparties.
It depends on profitability, outlook, financial position and sector. Several methods are usually combined (discounted cash flows, market multiples, income methods) to reach a value range you can defend in negotiations.
In a share deal the company is transferred with its entire history; in an asset deal the business itself is transferred. In Italy the two routes have very different tax, liability and cost implications for buyer and seller and should be compared case by case.
For an SME, it usually takes several months from launch to closing. Timing depends mainly on data preparation, due diligence and contract negotiation.
It is the in-depth review of the target before the acquisition: accounts, debt, contracts, tax and legal risks. It is used to validate the price and to negotiate warranties and protections in the contract.
Yes, both through a sale to third parties (including a search fund) and through family and corporate reorganisations.
Tell us about the deal in full confidence: we will get back to you within 24 business hours.