Vitale assisted Banca Privata Leasing in connection with the agreement executed with Next.us, concerning the sale by Privata Holding of 83% of the company’s share capital

Reggio Emilia, 24 September 2025 – Privata Holding S.r.l., a company belonging to the industrial group of the Spallanzani family, and Next.us S.p.A., part of the group headed by Cav. Alberto Di Tanno, announced that on 21 September 2025 they executed a preliminary purchase agreement for the transfer of an 83% stake in the share capital of Banca Privata Leasing S.p.A.
Banca Privata Leasing S.p.A., founded in 1987 as Privata Leasing S.p.A., controls ADV Finance S.p.A. and ADV Family S.r.l., both active in the “cessione del quinto” sector.
The decision to divest the controlling interest in the bank is consistent with the Spallanzani family’s long-term strategy to strengthen and concentrate its commitment on developing its industrial activities in the steel sector.

Dr. Spallanzani stated: “This transaction ensures continuity with the mission undertaken by my family: to facilitate access to credit for SMEs rooted in the local territory, supporting their growth and development.”

The preliminary agreement provides not only for the transfer of the majority stake, but also for a significant capital increase by Next.us S.p.A., aimed at strengthening the bank’s capital position and supporting its future development plans. These plans include expanding the range of financial services and products offered, enhancing know-how and human resources, and reinforcing ties with the local community.

Closing of the transaction is expected to occur by the end of the first quarter of 2026, subject to the receipt of the necessary authorisation for the acquisition of qualified shareholdings from the Bank of Italy and the European Central Bank, as well as the successful completion of other required regulatory procedures.

With this acquisition, Cav. Alberto Di Tanno aims to complement his core automotive business—where, through the Intergea Group, he holds the leading national position in terms of vehicles sold—with a strong presence in the credit sector.

Cav. Alberto Di Tanno commented: “This transaction marks the beginning of a new phase of growth for Banca Privata Leasing S.p.A., to the benefit of its customers, employees, and the economies of the territories it already serves and those it will reach in the future.”

The Banca Privata Leasing Group comprises the parent company Banca Privata Leasing (founded in 1987) and its subsidiaries ADV Finance and ADV Family, specialised in “cessione del quinto” and consumer finance. The Group, with a strong challenger bank profile, offers products and services tailored to individuals (salary- and pension-backed loans, personal loans), SMEs and professionals (leasing, mortgages, and emergency finance), as well as savings products through an online deposit account. Banca Privata Leasing is a member of the Interbank Deposit Protection Fund.

Advisors to the transaction were as follows:
•    Banca Privata Leasing S.p.A. was assisted by financial advisor Vitale & Co (Dr. Gaia Mazzalveri) and legal advisor Giliberti Triscornia e Associati (Avv. Elena Pierini);
•    Next.us was assisted by financial advisor Deloitte (Dr. Umberto Rorai), legal advisor Gatti Pavesi Bianchi Ludovici Studio Legale Associato (Avv. Gianni Martoglia), and Studio Antoniotti & Partners, with a team led by Partner Dr. Sabrina Filiberto;
•    Privata Holding S.r.l. was assisted by financial advisor Sin&rgetica (Dr. Alessandro Ermolli) and legal advisor Studio Lener & Partners (Avv. Raffaele Lener).

The change of control and capital strengthening of Banca Privata Leasing S.p.A. will be coordinated by the Commissioner temporarily supporting the Board of Directors, Dr. Paolo D’Alessio, appointed by the Bank of Italy on 6 August 2024. The Chairman of the Board of Directors, Dr. Sergio Polacchini, expressed satisfaction at the conclusion of the agreement, which opens new scenarios and will create valuable opportunities for all stakeholders.

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