Schalast advises Viessmann Generations Group on the acquisition of a minority stake in Epta S.p.A.

Schalast provided comprehensive legal advice to the Viessmann Generations Group in the completion of its acquisition of a minority stake in the Italian company Epta S.p.A. This cross-border transaction is based on the joint venture agreement signed between the parties on October 31, 2023, and marks another milestone in the strategic partnership between the two corporate groups.

The Viessmann Generations Group is one of the world's leading companies in climate and energy solutions. Epta, a global specialist in commercial refrigeration with operations across five continents, develops, manufactures, and distributes innovative cooling systems for the retail, food & beverage, and Ho.Re.Ca. sectors. With the completion of this investment, both companies deepen their long-term collaboration and establish a foundation for the joint development of sustainable refrigeration and climate solutions for international markets.

The transaction also highlights the importance of well-established international advisory structures in complex cross-border M&A transactions. Schalast worked closely with the Italian law firm Portolano Cavallo and the Dutch Multilaw partner firm Van Campen Liem. The seller side, consisting of Epta S.p.A. and its majority shareholder, was advised by Clifford Chance in Italy.

The Schalast team was led by Partner Gregor Wedell and Counsel Kamyar Karsaz. Portolano Cavallo advised the Viessmann Generations Group with Partner Tommaso Foco, Senior Associate Ginevra Sforza, and Associate Francesco Manessi. Van Campen Liem was represented by Edwin Liem and Giti Navabi. Epta S.p.A. and its majority shareholder were advised by Clifford Chance Italy, led by Partner Paolo Sersale, along with Counsel Francesca Casini and Senior Associate Mariasole Rinciari.