The Riverside Company signed a definitive agreement to acquire a controlling stake in BioDue S.p.A from Armònia on November 16, 2022. Vanni Benedetti and management will reinvest. Closing is subject to customary approvals by the competent regulatory authorities. BioDue has been supported by Ethica Group M&A Advisory team as financial advisor, Gatti Pavesi Bianchi Ludovici as legal advisor, Deloitte for vendor financial due diligence and Alonzo Committeri & Partners for vendor tax due diligence. Riverside worked with Francesco Guelfi, Elia Ferdinando Clarizia, Livio Bossotto, Frederic Demeulenaere, Antonio Ferri, Giovanni Gazzaniga and Stefano Sennhauser of Allen & Overy as legal advisor, EY for financial, tax and HR matters, Bain & Company for commercial and market due diligence, Alvarez & Marsal for operational diligence and PwC for ESG diligence. Rothschild & Co acted as M&A and debt advisor for the firm. Gatti Pavesi Bianchi Ludovici assisted Armònia and the other selling shareholders

The Riverside Company acquired a controlling stake in BioDue S.p.A from Armònia on January 16, 2023, which is an estimated completion date.