International law firm Watson Farley & Williams (“WFW“) has advised Banca IMI, as arranger, and Intesa Sanpaolo S.p.A., as financing entity, on the financing of AromataGroup’s acquisition of 76% stake in Italy’s Fiorio Colori S.p.A. (“Fiorio Colori”).

AromataGroup is a leader in the manufacturing and distribution of flavours, dyes and aromatic extracts for the food and beverage industry, as well as offering some of its products to the cosmetic, pharma and nutraceutical industries.

Flavouring specialist Florio Colori, whose 2015 turnover was circa €11m, will continue operating at its current production site in Gessate (Lombardy), acting as an independent business unit of AromataGroup.

The WFW team advising on the financing was led by Milan partner Francesco Dialti, assisted by associates Federico Tropeano and Giorgia Gentilini.