Hogan Lovells advises Progressio on sale of stake in Polenghi Group

The stake was acquired by an investment vehicle controlled by the Polenghi family, and backed by Crédit Mutuel, through its private equity platform CIC Capital (Suisse), and IDIA Capital Investissement, a company controlled by Crédit Agricole, as well as by the main managers of the Group.

As part of the transaction, the Polenghi family holding company, the Group’s CEO Filippo Scandellari, and other key members of the management team also reinvested, confirming both the industrial continuity and the shared commitment to the Group’s development project.

The Hogan Lovells team advising on the transaction was led by partners Alessandro Seganfreddo and Iacopo Canino, with senior associate Maria Lucia Passador and associate Francesco Santella.