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Lavazza Group and IVS Partecipazioni S.p.A. launched a Voluntary Tender Offer  aimed at delisting of IVS Group.

TALEA – Tax Legal Advisory and Latham & Watkins acted as legal advisors of IVS Partecipazioni S.p.A.

E-Coffee Solutions S.r.l. (Lavazza Group) and IVS Partecipazioni S.p.A. (majority shareholder of IVS Group S.A. – the Luxembourg company controlling the entire  Group and whose shares are listed in Italy on the STAR segment of Euronext Milan) entered into binding agreements to launch a cash based voluntary tender offer on all the shares of IVS Group S.A. to pursue the delisting of the latter.  By executing this transaction, IVS Partecipazioni S.p.A. and the Lavazza Group shall put in place  the conditions for IVS Group, an example of Italian excellence in the food & beverage sector, to develop its business. IVS Group is currently the first vending player in Italy and the second in the European Union. The group is now active in 7 European countries, with a network of 128 branches and around 4,500 employees. In 2023 IVS Group gained consolidated revenue for Euro 726 million, by means of almost one billion coffee, snacks and beverages dispensed.

The transaction represents a further investment by the Lavazza Group in the vending sector, in line with its omnichannel based strategy.

Completion of the transaction is subject to regulatory approvals.

IVS Partecipazioni S.p.A. has been assisted, for the legal aspects of the transaction, by TALEA – Tax Legal Advisory with a team composed by the equity partner Gabriele Consiglio, the salary partner Fabrizio Lanzoni, the associate Alessio Vasciminno and Matilde Contini, and by Latham & Watkins with a team composed by the equity partner Antonio Coletti, the senior associate Marco Bonasso and Leonardo Antonio Fossatelli, supported by Kleyr Grasso for the Luxembourg Law aspects.