Allen & Overy advises Circet on the acquisition of CEIT S.p.A.
23 December 2021
Based in San Giovanni Teatino (CH), CEIT currently has almost 1,200 employees in Italy and is one of the leading companies in the Italian telecommunications market. In the course of 2021, CEIT is expected to record a turnover of over 320 million euros thanks to the development and implementation of networks and systems for telecommunications, transport and energy.
Circet is the leading provider of network infrastructure services in Europe. The company operates in the network infrastructure services market, is present in 12 countries, with a turnover of EUR2.4 billion for the current year and about 12,000 employees.
ICG is a global alternative asset manager with over 30 years of history, offices in 15 countries in Europe, Asia and America, USD65 billion in assets under management and investments across its capital structure. ICG is listed on the London Stock Exchange.
The completion of the operation, which includes a re-investment of IGEFI S.r.l. in Circet, is subject to approval by the regulatory authorities.
Il team di Allen & Overy che ha assistito l’acquirente è composto dal partner Paolo Ghiglione e dall’associate Nicoletta Botta.