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Ughi e Nunziante counsel to Fondo Mezzogiorno (Intesa Sanpaolo Group) in its investment in Desmon

Ughi e Nunziante partner Roberto Leccese represented Fondo Mezzogiorno (Intesa Sanpaolo Group) in its 30% investment in Desmon.

The Desmon group is engaged in the manufacturing of equipment for the industrial refrigeration of food, and had profits of Euro 25 million in 2007.

Fondo Mezzogiorno, with committed capital of Euro 100 million, is managed by Sanpaolo Imi Investimenti per lo sviluppo SGR, a management company within the Merchant Banking Division of the Intesa Sanpaolo Group, and seeks investment opportunities in small and medium enterprises in the South of Italy with good know-how and growth potential. This is the ninth investment completed by Fondo Mezzogiorno, which was launched in 2003.

Source: Ughi e Nunziante