Squire Patton Boggs has advised the shareholders of VIP Air Empowerment S.r.l on the sale of the entire corporate capital of VIP Air Empowerment S.r.l. to Multi-Wing Group.
A team in the firm’s Milan office led by Corporate partner Sara Belotti, and which included Juancarlos Pirani and Francesco Ghiglione, advised the Fasolini family, who will remain involved in the business, continuing to contribute to the path of growth already started.
Established in 1985 by the Fasolini family, VIP Air Empowerment has positioned itself firmly in the Italian HVAC and axial fan market thanks to its solid company vision and through its constant investments in new technologies and innovative solutions.
Multi-Wing is a global market and technology leader in custom axial flow fans for HVAC/R and motor cooling applications headquartered in Denmark and controlled by the Swedish private equity firm Altor Equity Partners.