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Nuo becomes minority shareholder in Andriani: Attilio Mazzilli among the key players

Nuo, the financial holding company born from the collaboration between Exor and World-Wide Investments, has recently entered the Italian food sector. Under the leadership of CEO Tommaso Paoli, the Group has signed a new partnership with Andriani, a company based in Puglia and specialized in the production of high-quality gluten-free pasta, using excellent raw materials. Among the key players who assisted the Italian Group is Attilio Mazzilli, Corporate Partner in Orrick.

The agreement provides for Nuo, as a minority partner, to enter Andriani’s capital with a 26.4% stake. The Italian Group will, therefore, continue to maintain the majority of the share capital, while Michele and Francesco Andriani will lead the company’s management. The operation will accelerate the industrial development plan of the Apulian company, one of whose main objectives is the rapid expansion into the American and Asian markets. The plan also includes increasing investments in innovation and supply chain projects, as well as further investments in long-term sustainability projects, including achieving carbon neutrality at the plant by 2025.

Andriani, in addition to turning to PwC for vendor due diligence, was assisted by Orrick with a team of professionals, including partner Attilio Mazzilli. Nuo, on the other hand, received assistance from Chiomenti and Gitti and Partners for tax aspects. UBS mid-market also acted as a financial advisor for the operation.

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