Global law firm Hogan Lovells Cadwalader has advised 21 Invest, the European investment firm founded by Alessandro Benetton and part of 21 Next, the alternative asset management platform of the Edizione Group, and the minority shareholders on the binding agreement for the sale of Trime to Platinum Equity.
21 Invest is Trime’s majority shareholder, with the minority shareholders and Trime’s management also participating in the transaction. Trime is a multinational group headquartered in Cassinetta di Lugagnano, Milan, specialising in the production of lighting towers, mobile generators and security towers for construction sites, infrastructure, mining sites and events. The company also develops green, hybrid, battery-powered, solar and plug-in solutions and operates through manufacturing facilities in Italy and subsidiaries in the United Kingdom, the Netherlands, the United States and Australia.
The transaction is subject to customary conditions and provides for the reinvestment in Trime alongside Platinum Equity by Trime’s founder Andrea Fontanella, CEO Paolo Tacconi and other members of the management team.
The Hogan Lovells Cadwalader team that advised on the transaction was led by partner Luca Picone and included senior associates Francesco De Michele and Eva Campione.
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