McDermott advises Maire Group on formation and implementation of joint venture agreements with Newcleo
McDermott Will & Schulte has advised Maire Group on the conclusion and implementation of its joint venture agreements with Newcleo SA.
Maire, through its subsidiary Nextchem, and Newcleo SA, an innovative company in the nuclear energy sector co‑founded by Stefano Buono, have completed the establishment of NEXT‑N, a joint venture focused on developing advanced technologies and specialised technical services for the nuclear energy industry.
The new company, owned 60 per cent by Nextchem and 40 per cent by Newcleo, will concentrate on the design and integration of the Conventional Island and Balance of Plant for Newcleo’s next‑generation 200 MWe advanced modular reactors (AMRs).
As part of the overall joint venture framework, Nextchem also received approximately 1.25 per cent of the share capital of Newcleo Ltd, the holding company of the Newcleo group, with the right to increase its stake up to 5 per cent, based on the agreed pre‑money valuation and the achievement of certain milestones.
McDermott supported the Maire Group legal team led by Group General Counsel Fabio Fagioli, with Stefano di Berardino and Emanuela Procario for Legal & Contracts, and Davide Ragosa and Caterina Pietris for Corporate across all legal and tax aspects of the transaction.
The firm provided multi‑jurisdictional support coordinated by partner Alfonso Annibale de Marco, with contributions from:
- Italian corporate: partner Agata Todarello with associate Chiara Carta
- French corporate, IP and regulatory: partners Fabrice Piollet, Côme Wirz, Marie‑Muriel Barthelet, Frédéric Pradelles and Sabine Naugès, with counsel Charles Raignac and Matthieu Adam
- English law: partner Jason Zemmel with associate Tom Johnson
- International tax: partners Andrea Tempestini, Romain Desmonts, Antoine Vergnat, Alex Jupp and Giuseppe Mazzarella, with counsel Elizabeth Spencer and associates Paul‑Henry de Laguiche and Filippo Trova
About McDermott Will & Schulte
Leading organisations turn to global law firm McDermott Will & Schulte for a better way to address legal challenges, connect with those at the forefront, and drive stronger outcomes.
Working across more than 20 offices globally, our 1,750+ lawyers act on data-driven insights, deep relationships, and unmatched industry experience to deliver on the firm’s commitment of Always Better.
