A&O Shearman advises EG group on sale of its Italian business

The Italian operators are: PAD Multienergy S.p.A., Vega Carburanti S.p.A., Toil S.p.A., Dilella Invest S.p.A., and GIAP s.r.l.

Founded in 2001, EG Group is a leading independent convenience retailer, which has established partnerships with global brands, and a focused portfolio of proprietary brands.

The group currently has operations in nine countries, with its single biggest market by revenue being the USA, followed by Europe, including Italy, Germany, France, the Netherlands, Luxembourg, Belgium and the United Kingdom, as well as Australia. The group currently employs about 38,000 colleagues working in more than 5,500 high-quality sites across its markets—and delivers a world-class grocery and merchandise, foodservice, and fuel retail proposition to nearly one billion customers each year.

The group partners with global brands, and also has its own proprietary brands, including Cumberland Farms, Fastrac, Kwik Shop, Quik Stop, Sprint, Tom Thumb, and Turkey Hill in the USA, and Go Fresh in Europe.

The A&O Shearman team is led by M&A partners George Knighton and Paolo Nastasi, supported by colleagues from the London and Milan offices, including senior associate Chloe Bowskill and associate Eliana Cioffi.