Andersen advises Olivieri 1882 in the transaction with Bauli

Andersen supported the Olivieri family in the sale of a majority stake in the historic artisanal pastry company Olivieri 1882 to Bauli S.p.A. This transaction represents a significant step for Olivieri 1882, enabling further growth in terms of volumes and markets with the support of its new market-leading shareholder.

Andersen’s lawyers, chartered accountants, and financial advisors assisted the Olivieri family and the fifth generation leading the brand, Andrea and Nicola Olivieri, throughout every stage of the deal.

Partner Nicole Frigo coordinated the legal activities with the aim of strengthening the client’s position: from conducting legal due diligence to provide a clear and transparent overview of the company, to drafting and negotiating the full set of sale agreements to protect the deal’s value and mitigate litigation risks, as well as drafting the management agreements for two of the three minority shareholders, Andrea and Nicola Olivieri, who will continue to hold key positions in the company’s management, retaining their respective roles as Chief Commercial Officer and CEO of Olivieri 1882.

“The transaction leading to the sale of the majority of Olivieri 1882 to Bauli is a concrete example of how solid and strategic legal assistance can make the difference in a crucial entrepreneurial transition such as this,” said Nicole Frigo. “Our lawyers worked closely with the Olivieri family to ensure the proper valuation of the company’s assets.”

On the tax side, Partner Alberto Trainotti handled the fiscal aspects, in particular the tax due diligence and the negotiation of the tax clauses within the agreements.

Alberto Trainotti also oversaw the one-to-one negotiations with Bauli, from defining the transaction’s economics to drafting the ancillary agreements, ensuring significant value recognition for the stake sold.

“Olivieri is a historic brand,” commented Marcello Rabbia, Partner and coordinator of Andersen’s Industry Groups, “representing excellence in the food sector and, more broadly, in agribusiness — fully deserving recognition for its centuries-long commitment. This deal is the result of outstanding teamwork and collaboration with top-level professionals who have demonstrated the importance of in-depth sector knowledge in value perception.”

Among others, the following Andersen professionals contributed to the transaction: Marilena Di Bella, Saverio Fabbiano, Emanuele Sacchetto, and Irene Munaretto.