CBA advises F&P Equity Partners on the acquisition of Nachmann

CBA Studio Legale e Tributario and Orrick, Herrington & Sutcliffe advised, respectively, F&P Equity Partners and the financing banks in the transaction that led to the fund’s entry into the share capital of Nachmann S.r.l. The Italian group, a leader in the specialty chemicals sector, is controlled by the Cotilli family, which was advised by attorney Mattia Odescalchi, founder of the eponymous Milan-based law firm, together with Scouting Capital Advisors.

This investment (F&P Equity Partners’ sixth) was carried out through a NewCo, 60% owned by a vehicle sponsored and managed by the firm and backed primarily by industrial investors, and 40% owned by the Cotilli family. The closing took place as part of a leveraged buyout transaction financed by Crédit Agricole Italia S.p.A. (as agent bank), Banca Monte dei Paschi di Siena S.p.A., and BNL BNP Paribas.

CBA Studio Legale e Tributario advised F&P Equity Partners with a multidisciplinary team led by partner Ilaria Antonella Belluco, with partner Luca Fabbrini and associate Alessia Crozzoli handling all corporate and contractual matters, as well as associate Matteo Maci for corporate due diligence; partner Francesco Dialti, together with senior associate Vincenzo Cimmino and associates Valentina Bombino and Lucrezia Ghezzi, on finance matters; partner Gianvito Riccio for labor due diligence; and Giovanna Boschetti for privacy matters.

Orrick assisted the banks on the financing agreement with a team composed of partner Marina Balzano, associate Claudia Loriggio, and trainee Elisa Zaccaria.

Additional advisors supporting F&P Equity Partners included RTZ for financial and tax due diligence, Fortlane Partners (formerly Goetzpartners) for business due diligence, Ramboll for environmental due diligence, and Ethica Group with its M&A Advisory team.

Founded in 2023 as an evolution of F&P4BIZ, F&P Equity Partners is an independent firm focused on private equity and, in particular, the club deal model. Founded by Maurizio Perroni, Andrea Lovato, Guglielmo Fiocchi, and RTZ, the firm supports leading Italian companies in their growth and managerial development journeys, fostering entrepreneurial continuity and a productive connection between capital and industrial expertise.

Established in 1975 and headquartered in Milan, Nachmann is an international group with manufacturing facilities in the province of Lodi and in Thailand. The company specializes in the formulation and sale of high-tech specialty chemicals for sectors such as plastics, automotive, wind energy, composites, lubricating greases, and batteries, with consolidated revenues exceeding €40 million.

The agreement is aimed at supporting a growth and innovation plan, including investments in R&D, the development of new markets, and a strengthened international presence, also through potential future M&A transactions.