Gattai, Minoli, Agostinelli & Partners assisted Cedacri, leading Italian company specialized in outsourcing services for the banking sector and third Core Banking IT platform in Italy, in the definition of an agreement for the acquisition of CAD IT, company based in Verona, Italian leader in the supply of application software and financial services software for financial institutions, public administration and industry. The Dal Cortivo Family, indirect majority shareholder of CAD IT, was assisted by Legance – Avvocati Associati.
CAD IT provides assistance for the management of trading, administration, regulatory and accounting activities and reports to the supervisory boards in relation to the exchange of national and foreign financial instruments.
The transaction will be finalized through the acquisition of Quarantacinque S.p.A , vehicle that holds 88% of the stake in CAD IT; closing is expected within the second half of the year, following the completion of certain formalities.
Gattai, Minoli, Agostinelli & Partners assisted Cedacri with a team formed by Partner Duccio Regoli, Counsel Nicola Ferrini, Senior Associate Valeria Salamina and Associate Edoardo Pistone.