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DWF Italy advises on high profile retail acquisition

16 July 2018
The Italian office of international legal business DWF has advised independent advisory company Astraco on the coordination of the acquisition of Pancioc, the management company of the Italian food retail chain Panini Durini.

Corporate partner Luca Cuomo advised on the transaction alongside Counsel Matteo Polli and associate Artemis Tiamkaris who led M&A and corporate aspects of the deal. The team was also supported by Counsel Paola Mariani who managed all employment issues, Gianni Vettorello, Co-Head of the DWF Italy Banking and Finance practice, and associate Eleonora degli Abbati.

The deal will see a pool of investors take a stake in Panini Durini which will enable the chain to expand further in Italy and internationally.

Luca Cuomo, corporate partner at DWF Italy, said: "We're really pleased to have advised Astraco and the private investors on this acquisition which will enable Panini Durini to enter its strategic next stage of growth in opening a further 20 new points of sale in the region. This high profile transaction demonstrates our sector expertise and industry capabilities."

DWF Italy was launched by a three-partner team Michele Cicchetti, Tancredi Marino and Luca Cuomo in October 2017 based in Milan. It has since experienced rapid growth with a number of lateral hires including Head of the Intellectual Property department at DWF Italy Marco Annoni, Head of Insurance at DWF Italy Matteo Cerretti and corporate partner Giovanni Cucchiarato.

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