Sergio Fulco, partner of Gattai, Minoli, Agostinelli & Partners obtains from the Court of Modena the approval of the composition with creditors of BBS.

Sergio Fulco, partner of Gattai, Minoli, Agostinelli & Partners, and associate Matteo Mengoni, together with Professor Sido Bonfatti, successfully assisted BBS, an historical company of Modena, active in the party paperware and accessories industry, in the proceedings for the approval of a composition with creditors, to which the company resorted following a financial distress causing the company to incur in a more than €20 million indebtedness.

The new management prepared a detailed business and financial plan to be implemented through the use of the composition with creditors in order to satisfy the company’s creditors.
The Court approval of the composition was granted after 87% of the creditors upheld the plan.

Anchorage Group assisted BBS in the drafting of the business and financial plan with a team led by Davide Cognolato – being at the same time CEO of BBS – together with Alessio Forconi, Lorenzo Guiggiani, Giorgio Gandolfo and Sauro Semplici.