Italmobiliare S.p.A. (BIT:ITM) entered into an agreement to acquire SIDI SPORT s.r.l. for €66 million on July 18, 2022. The acquired company closed 2021 with a turnover of almost €38 million and an EBITDA of around €7 million. The execution of the contract is subject to the completion of a corporate reorganization which provides for the spin-off of some properties and is expected in the fourth quarter. Italmobiliare was assisted in the transaction by KPMG International Cooperative for the M&A part, financial, fiscal, legal and ESG due diligence, by the Giliberti Triscornia e Associati firm for the legal aspects and by OC&C Strategy Consultants on the strategic and business aspects. SIDI Sport was assisted in the transaction by Banca Generali Private Wealth Management Division, Legalitax Studio Legale e Tributario, and by Alessandro Gallina, historical consultant of the Signori family. Allen & Overy assisted Banco BPM in the financing with a team headed by counsel Juri Bettinelli, assisted by associate Fabio Gregoris.

Italmobiliare S.p.A. (BIT:ITM) completed the acquisition of SIDI SPORT s.r.l. for €86 million on October 25, 2022.