Gattai, Minoli, Agostinelli & Partners advisor to Stirling Square Capital Partners and Axitea S.p.A.

Axitea S.p.A., leading company in Italy for security systems, has obtained approval from the majority of its creditors on the proposal of a “concordato preventivo in continuità” (arrangement with creditors).

The transaction, which involves an aggregate financial exposure of approximately Euro 200 million, contemplates Euro 32 million new financial support to preserve business continuity from the private equity fund Stirling Square Capital Partners.

Axitea S.p.A. and Stirling Square Capital Partners were assisted  by a team including partners Riccardo Agostinelli and Sergio Fulco, and senior associates Riccardo Sgrò and Matteo Mengoni. The financial creditors were assisted by Giuseppe Iannaccone, Daniela Carloni and Serena Cremonesi.