The Riverside Company signed a definitive agreement to acquire a controlling stake in BioDue S.p.A from Arm=nia 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 Arm=nia and the other selling shareholders