Vitale & Co. advised Banca Popolare di Vicenza and Veneto Banca on sale of stake in Arca Holding

Vitale & Co. assisted Banca Popolare di Vicenza S.p.A. in L.C.A. and to Veneto Banca S.p.A. in L.C.A. in the disposal to BPER Banca S.p.A. and to Banca Popolare di Sondrio S.c.p.A. of a total stake of 39.99% in the capital of Arca Holding S.p.A., leading Italian asset management company, active in private banking and asset management, which also holds the entire capital of Arca Fondi SGR.

Activities performed:

• Assistance in the analysis of the economic and financial situation of the business
• Assistance in the research of potential bidders and in the valuation of the strategic alternatives
• Origination of the transaction and assistance in defining the structure and the terms of transaction
• Assistance in the negotiations and definition of the agreement with the counterparties
• Cooperation with legal consultants and liquidators in the negotiation and definition of the legal documentation
• Drafting of a fairness opinion.

Deal value: €138m