The industrial partnership between the Patelec Group and Phoenix Electronic System begins to strengthen its positioning in the market and expand the offering of services and products to customers
- Among the key points of the agreement is the entry of Patelec, an international player in the production of electrical cords and power cables, into the capital of Phoenix Electronic System, a company active in the design, production and sale of electrical wiring and panels for industry ;
- Banca Finnat assisted Phoenix Electronic System and Di Venanzio as financial advisor throughout the operation, while Studio Tonucci & Partners acted as legal and tax advisor;
- Studio Russo De Rosa for the tax and legal aspects and Studio Olivieri Associati assisted Patelec in the operation
- Intesa Sanpaolo supported the operation with an S-Loan loan, assisted for the legal aspects by Advant NCTM.
Verona, 15 November 2023. Patelec Group, international player with high technological know-how and recognized experience in the production of electrical cords and power cables through vertically integrated processes, and Phoenix Electronic System, a company active in the design, production and sales, wiring and electrical panels for industry, announce the start of an industrial partnership to strengthen the positioning of both companies on the market, also through benefits in terms of cross selling, and the expansion into new markets, broadening the offer of services and products to its customers.
Among the key points of the agreement is the entry into the capital of Phoenix with factories in Italy and Tunisia, of the Patelec Group, which has factories in Italy, Poland and China and distributes its products throughout the world.
Roberto Ziletti, President of the Patelec Group, declared: “The goal of the Patelec Group is to grow and develop new products and services in order to adequately support its customers; we have entered into the capital of Phoenix Electronic System, which will remain operationally independent, because we believe it is a serious, qualified and adequate partner for the Group’s objectives”.
Alessandro Di Venanzio, CEO of Phoenix Electronic System, stated: “The operation allows Phoenix to further strengthen its competitive positioning on the market and to continue to develop synergies in continuity with its almost forty-year history and know-how . Patelec also represents an ideal partner with which to embark on a growth path, always leaving at the center those values to which we have always given maximum importance, such as closeness to customers and constant commitment to our territory. Finally, I thank Unindustria and Banca Finnat for their fundamental contribution to the success of the operation”.
Banca Finnat, through its Advisory & Corporate Finance division, assisted Phoenix Electronic System and Di Venanzio as financial advisor throughout the operation, while Studio Tonucci & Partners acted as legal and tax advisor. Studio Russo De Rosa, for the tax and legal aspects, and Studio Olivieri Associati assisted the Patelec Group.
Intesa Sanpaolo, assisted for the legal aspects by Advant NCTM, supported the operation with a medium-long term loan called S-Loan, specifically designed to accompany companies’ efforts towards greater sustainability from an ESG perspective, which rewards the achievement of shared performance indicators with a rate reduction.
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Phoenix Electronic System S.r.l.