Paul Hastings Represents Exor in the Sale of Alpitour

April 20, 2012
Milan, Italy (April 20, 2012) - Paul Hastings LLP, a leading global law firm, announced today that the firm represented Exor, the investment company of the Agnelli family, and mainshareholder of Fiat, Chrysler, Ferrari, CNH and other companies, in the sale of Alpitour, the leading travel operator in Italy. The closing was announced today.

The value of the transaction, one of the largest M&A transactions in Italy so far in 2012, is €225 million.

A price integration linked to the economic movement is foreseen and will be given to investors, a group of private equity funds and other minority investors, when they will sell the majority package. The buyer is a vehicle owned by a group of private equity funds and other investors. Exor also bought for €10 million a 10 per cent participation in the aquisition vehicle Seagull S.p.A.

Partners Bruno Cova and Antonio Azzarà led the Paul Hastings team, including Bernadette Accili and Alessandro Stoppa and associates Paolo Manganelli, Alessio Giammarino, Carmen Di Marino and Laura Corti.

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