Eps Equita Pep Spac Spa (BIT:EPS) signed a contract to acquire Forestali S.r.l. (ICF) from Cantarellus SA, Progressio SGR SpA, Private Equity Partners S.p.A. (PEP), the Chief Executive Officer Guido Cami and other small shareholders for €69.1 million on January 19, 2018. The purchase price is not subject to adjustment. In related transactions, Eps Equita Pep Spac Spa will partially and proportionately spin-off itself in favour of EPS Equita PEP SPAC2 S.p.A. whose shares shall be listed on the AIM Italia. The transaction also involves entry of an additional 11 ICF managers, together with reinvestment by the Chief Executive Officer Guido Cami and by PEP in EPS, through subscribing to a reserved paid-in share capital increase. On full uptake of the share capital Increase, PEP and the ICF managers shall overall hold 0.5 million ordinary shares (6.8%) of EPS. Further, subject to subscription by the individual ICF managers to their respective reserved share capital Increase allocations, their acquisition of the special EPS shares currently held by Equita PEP Holding S.r.l., by Equita SIM S.p.A., by Stefano Lustig and by Rossano Rufini, that in this regard shall transfer a total 36,522 special shares, in proportion to the number of special shares held by each, at a price of €10 per special share. On full uptake of the special share sale, the ICF managers will overall hold 20% of the EPS post spin-off special shares. The business combination was approved by the Board of Directors of Eps Equita Pep Spac Spa. The transaction is subject to approval by the Board of Directors of Eps Equita Pep Spac at the Ordinary and Extraordinary Shareholders’ Meeting to be held on February 26, 2018. The shareholders’ meeting approval of the transaction is conditional upon the number of shares subject to the exercise of exit rights represents no more than 30% of the Eps ordinary share capital. Alessandra Piersimoni, Federica Munno and Maria Beatrice Carrara of Bonelli Erede Pappalardo Studio Legale acted as legal advisors, EY acted as accountant and Mediobanca Banca di Credito Finanziario S.p.A. (BIT:MB) acted as nominated advisor to EPS. Paolo Tanoni, Domenico Mastrangelo, Andrea Villani and Viola Bardi of NASaW Avvocati acted as legal advisors to the sellers. Eps Equita Pep Spac Spa (BIT:EPS) completed the acquisition of Forestali S.r.l. (ICF) from Cantarellus SA, Progressio SGR SpA, Private Equity Partners S.p.A. (PEP), the Chief Executive Officer Guido Cami and other small shareholders on May 14, 2018. Eps Equita will take on the name of ICF Group S.p.A.