White & Case advises De' Longhi on US$1.4 billion business combination of La Marzocco and Eversys

Press Release
1 min read

Global law firm White & Case LLP has advised De' Longhi S.p.A., an Italian company listed on the Milan Stock Exchange, on the business combination between La Marzocco International, a Seattle-based espresso and high-end coffee machine maker, and Eversys, a Swiss company active in the production and distribution of coffee machines.

The transaction involves the creation of a new US-based corporate holding structure controlled by De' Longhi, resulting from the contribution by De' Longhi of Eversys and the acquisition by De' Longhi of a majority stake in La Marzocco International from its affiliate De' Longhi Industrial and certain minority shareholders. The aggregate enterprise value of the transaction is equal to approximately US$1.4 billion.

The White & Case team which advised on the transaction was led by partners Michael Immordino (London, Milan) and Leonardo Graffi (Milan and London). Partners Michael Immordino (London, Milan), Leonardo Graffi (Milan, London), Ferigo Foscari and Alessandro Seganfreddo (both Milan), associates Caitlin Powell Gimpel, Mariasole Maschio and Daniele Pojani, and lawyers Lorenzo Suzzi and Elvira Ricotta (all Milan) advised on the merger and acquisition aspects of the transaction. Partners Michael Immordino (London, Milan), Ferigo Foscari and Alessandro Seganfreddo (both Milan) advised on the securities aspects of the transaction.

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