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DWF advises on sale of Gruppo Florence

26 May 2023

DWF, the global provider of integrated legal and business services, has advised Gruppo Florence, a leading Italian integrated industrial platform serving the high-end international luxury industry on its sale to Permira.

DWF's Italian team has advised Gruppo Florence'scurrent shareholders and managers in the sale of 100% share capital to Permira - a global private equity firm,and subsequent reinvestment in Gruppo Florence. The selling shareholders, including VAM Investments, will reinvest a significant portion of their proceeds in the company, thus remaining strongly committed to the project.

The DWF team was led and coordinated by partner Luca Cuomo, head of the Corporate M&A department, with the assistance from counsels Giacomo Romiti and Matteo Polli,  associates Artemis Tiamkaris, Alberto Sieli, Antonio Lopetuso, Giulia Santi and Giuliana Iervolino, for corporate and M&A profiles, and with the assistance of partner Giorgio Manca, counsels Paola Mariani and associates Alberto Parisi, Edoardo Pozzolini and Elisa Pettiti for labour-related matters.

Founded in 2020, Gruppo Florence has become in less than three years the first integrated production hub in Italy with over 3,000 employees distributed among 26 companies operating in 12 Italian regions and serving over 70 international global luxury brands, with total revenues of more than €550 million reached in 2022.

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