Global law firm White & Case LLP has advised Libero Acquisition S.à.r.l. (Libero) on the purchase of a 54.6 percent stake in Dada S.p.A. (Dada) from RCS Media Group S.p.A.
Dada, which is listed on the STAR segment of the Italian Stock Exchange, is an international leader in professional online services. Libero (a subsidiary of Orascom TMT Investments S.à r.l., formerly known as Weather Investments II S.à.r.l.) will be required to launch a mandatory offer for the entire share capital of Dada. The enterprise value offered by Libero for the entire shareholding is €83 million, which represents an equity value of around €55 million.
White & Case partner Michael Immordino said: "We're delighted to have assisted Libero in successfully completing this strategically important deal that highlights the Firm's ability in privately negotiated transactions."
The White & Case team which advised Libero was led by partners Michael Immordino (Milan & London) and Ferigo Foscari (Milan) with support from associates Alessandro Seganfreddo, Miriam Morbelli and Riccardo Maggi Novaretti, all based in Milan.
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