Funds of Palamon Capital Partners, LP signed an agreement to acquire 49% stake in Business School24 SpA from Il Sole 24 ORE S.p.A. (DB:4IL) for €39.2 million on August 8, 2017. As part of the consideration, €35.3 million is payable on the disposal date, while the residual €3.9 million will be paid at the latest by 2023. Palamon Capital will acquire the stake in Business School24 at an enterprise valuation of €80 million. The agreement has a call option to acquire an additional 2% in May 2018. The sale agreement has arrangements in place for Palamon to acquire additional equity with Il Sole agreeing to retain a minimum 20% strategic stake in Business School24 going forward. Vittoria Giustiniani, Alessandro Vittoria, Tommaso Faelli and Filippo Russo of BonelliErede acted as legal advisors for Il Sole 24 ORE S.p.A. Ettore Scandale and Enrico Raso of McDermott Will & Emery acted as legal advisors for Palamon Capital Partners, LP. Paolo Colombo and Pietro Paci of Colombo & Associati acted as financial advisors and Milano Notai acted as notary for Il Sole 24 ORE S.p.A.