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Hogan Lovells advises ORCA Developpement in its first strategic investment in Italy

29 June 2017

Hogan Lovells advised ORCA Developpement, a company of which IDI is the majority shareholder, on the acquisition of the Italian family-owned company FAIT PLAST S.p.A., European leading manufacturer of technical thermoplastic films. The purchase agreement was signed in May and closing took place this month. Guido Arici, one of the two historical family shareholders of FAIT PLAST, reinvested into the business.

ORCA Developpement already acquired in 2015 PENNEL & FLIPO SA, a Belgian company who designs, manufactures and markets films worldwide under its ORCA® brand, providing technical solutions to boating, railway, aerospace and defence industries. Through this transaction, FAIT PLAST and PENNEL & FLIPO will mutually benefit from their network and technical excellence, respectively. The acquisition represents part of a strategy to build European champions, able to address niche markets worldwide.

Hogan Lovells' cross-border team included lawyers in its Paris and Milan offices. The French team was led by Corporate M&A partner Stéphane Huten, supported by corporate senior associate Arnaud Deparday and associate Marion Salus, tax partner Bruno Knadjian, and tax counsel Laurent Ragot, and financing partner Alexander Premont supported by Sophie Lok, senior associate and Claire Fruchet, associate. The Italian team was led by Corporate M&A partner Francesco Stella and included corporate senior associate Fabio Caviglia, trainee Chiara Novelli, tax partner Fulvia Astolfi,  tax counsel Serena Pietrosanti, and tax senior associate Maria Cristina Conte. 

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