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Gattai, Minoli, Agostinelli & Partners advises Stirling Square and Axitea on deal with creditors

Italian security firm Axitea has received majority approval for a proposed deal with creditors on its EUR200 million total debt, aimed at ensuring the going concern of the business.

The deal, which subject to final court approval, will see the injection of EUR32 million of fresh finance into the business via a new vehicle, specifically created by private equity firm Stirling Square Capital Partners.
 
Gattai, Minoli, Agostinelli & Partners advised Axitea and Stirling Square Capital Partners on the legal profiles of the deal through a team composed of partners Riccardo Agostinelli and Sergio Fulco, and associates Riccardo Sgrò and Matteo Mengoni. Equita Sim acted as financial advisor.
 
The creditor banks were advised by Iannaccone e Associati, through a team composed of founding partner Giuseppe Iannaccone, partner Daniela Carloni and associate Serena Cremonesi.
 
Axitea is led by CEO Marco Bavazzano and employs 1,350 people across Italy.

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