Andersen supports the sold of NEW FREN srl
NEW FREN Srl, a Turin-based company and leader in the production and marketing of motorcycle brakes and clutches in the aftermarket sector, has been sold to ENDURANCE OVERSEAS, an Indian group active in the automotive and motorcycle sector.
Andersen, an international tax, legal and financial advisory firm with more than 390 offices around the world, assisted the sellers with both tax and legal aspects with a team led by Gian Piero Balducci, a certified public accountant, of counsel for Andersen based in Turin and composed of six professionals.
More specifically, Andersen carried out a number of preoperations to facilitate the sale, negotiated the price with the buyers, and drafted and negotiated the sale and purchase agreement with the counterparty’s lawyer. The transaction also required the establishment of a newco and a business contribution with an appraisal, activities that Andersen oversaw with the notary public.
ENDURANCE OVERSEAS was assisted by attorney Pietro Colasanto of the Fubini Jorio Cavalli e Associati legal firm in Turin.
- Download the press release (in Italian) (PDF, 0 bytes)
- Read the article by Radiocor (in Italian) (PDF, 0 bytes)
- Read the article by MF / DowJones (in Italian) (PDF, 0 bytes)
- Read the article by Capital (in Italian) (PDF, 0 bytes)