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Allen & Overy advises Banco BPM on the acquisition financing of Sidi Sport by Italmobiliare

Allen & Overy has advised Banco BPM on the EUR37 million financing for the acquisition of Sidi Sport S.r.l. by Italmobiliare, one of the leading Italian investment holding companies. 

Sidi Sport is an iconic Italian brand specializing in the production and sale of cycling and motorcycling footwear used by the most important professional and amateur athletes all over the world. Based in Maser (Treviso), the heart of the Montebelluna sports footwear industrial district, Sidi Sport employs over 250 employees and distributes its products in over 60 countries around the world.

The company, which posted Euro 38 million of revenue and EUR7 million of EBITDA in 2021, has been taken over by Italmobiliare for a value of EUR86 million. Banco BPM contributed to finance the acquisition for an amount of approximately EUR37 million, comprising an EUR2 million revolving credit facility.

The A&O team was led by counsel Juri Bettinelli, supported by associate Fabio Gregoris.