PHI Asset Management Partners, SGEIC, S.A. acquired 71.65% stake in Mascioni S.P.A. from Vincenzo Zucchi SpA (BIT:ZUC) for €0.05 million on October 2, 2015. The court of Busto Arsizio gave authorization to accept the offer of PHI Asset Management Partners, SGECR, S.A. (PHI) to buystake in Mascioni SpA. Under the terms of the transaction, €0.1 million be granted to advisor as success fee. Cms Adonnino Ascoli & Cavasola Scamoni acted as legal advisor to PHI. Ernst & Young Financial-Business Advisors S.p.A. acted as financial advisor for Mascioni S.P.A.

PHI Asset Management Partners, SGEIC, S.A. completed the acquisition of 71.65% stake in Mascioni S.P.A. from Vincenzo Zucchi SpA (BIT:ZUC) on October 2, 2015.