CBA advised on the acquisition of Dea Group by Advanced Control Solutions (Investindustrial)
Advanced Control Solutions, an investment company independently managed by Investindustrial Growth III Holdings, has finalized an agreement for the acquisition of DEA System and DEA HT (together, DEA Group), as well as EL.MO. Security Holding IT (EL.MO.), two Italian companies operating in the development and manufacturing of access automation and integrated security systems.
This investment aims to create a new group with an aggregate turnover of approximately €100 million (around 50% generated outside Italy), more than 400 employees across four production sites, and a widespread network of sales branches in Italy and abroad, positioning it as one of the leading operators in the sector at a European level. The acquired companies will continue to be led by their current management teams.
CBA Studio Legale e Tributario assisted Dea Group with a team coordinated by Partner Ilaria Antonella Belluco, who advised on corporate law matters together with Associate Alessia Crozzoli. Partner Michele Citarella, assisted by Associate Luca Vitale, advised on tax issues, Partner Gianvito Riccio on employment law, and Partner Francesco Dialti, together with Senior Associate Vincenzo Cimmino, on financial matters.
As part of the transaction, Chiomenti advised Advanced Control Solutions with a team led by lawyers Carlo Croff and Corrado Borghesan, and composed of Daniele Sacchetti, Maria Laura Zucchini, Elena Anania and Cristina Luisa Conti for contractual and M&A matters. Massimo Antonini, Elisabetta Costanza Pavesi and Filippo Giuseppe Rocchi handled tax and structuring matters. The firm also provided assistance on regulatory issues, with Professor Giulio Napolitano, Luca Masotto and Chiara Grazzini advising on golden power matters (special foreign investment control rules in Italy) and Antonino Cutrupi on antitrust aspects. Administrative and environmental law matters were handled by Elisabetta Mentasti, Annabella Di Pasquo and Elena Serra.
Strategic advisor Circle Brain, with Partner Federico Fiamengo, supported the deal, while EY acted as financial advisor with Partner Vincenzo Chiaia, supported by Giuseppe Pio Guerra.
Studio Pauletto Pozza advised on tax aspects with Moreno Pauletto.
Pirola Pennuto Zei & Associati advised the selling shareholders of EL.MO. on legal and structuring aspects of the transaction with a team led by Partner Yuri Zugolaro, supported by Associate Partner Lorenzo Destro and Counsels Davide Rubino and Daniela Gobbo.
Pirola Corporate Finance acted as exclusive financial advisor to the selling shareholders of EL.MO. with a team led by Founding Partner Mario Morazzoni, assisted by Director Stefano Righetti and by Antonio Visioli and Pasquale Alessandro.
Founded in 1993 as a family-owned business in Piovene Rocchette (Vicenza), DEA Group designs, manufactures and distributes automation systems for gates, doors, barriers and shutters for both residential and industrial markets. DEA Group products are present in over 100 countries worldwide.
Founded in 1975 in Campodarsego (Padua), EL.MO. specializes in the design and manufacturing of integrated security systems, including intruder alarms, fire detection, video surveillance and access control systems, based on innovative and continuously evolving technologies. EL.MO. is recognized in the market for the reliability of its products as well as its ability to offer modular solutions suitable for smart homes and intelligent buildings.