Mediawan Société anonyme (ENXTPA:MDW) agreed to acquire 72% stake in Palomar S.p.A., from Carlo Degli Esposti, Nicola Serra and others on January 15, 2019. The transaction will use issuance of new Mediawan shares to Palomar's top management and Mediwan's undrawn credit facilities. Carlo Degli Esposti, Palomar's founder and Chief Executive Officer and Nicola Serra, Palomar's Managing Director, should receive approximately 0.68 million Mediawan ordinary shares. Post-transaction, Carlo Degli Esposti, Palomar's founder and Chief Executive Officer, will retain 28% stake, and the management team of Palomar will also be retained. Mediawan completed the acquisition of 53% stake in Palomar on February 27, 2019 and will increase its stake to 72% in the second phase of the transaction in the coming weeks with the issue of approximately of Mediawan shares. The transaction is expected to close in the first half of 2019. BNP Paribas acted as exclusive financial advisor to Mediawan. Gianluca Benedetti of Bridge Law Office, LLC acted as legal advisor to Carlo Degli Esposti, Nicola Serra. Umberto Nicodano, Gianfranco Veneziano, Elena Tellini and Giulia Romagnoni of Bonelli Erede Pappalardo Studio Legale acted as legal advisor to Mediawan Société anonyme.