REAM SGR,through the GERAS 2 Fund, has completed the acquisition of the Golden Palace, a prestigious hotel located in the heart of Turin, owned by a consortium of banks including Banco BPM, Intesa Sanpaolo, and Sardaleasing. The management will be entrusted to a leading international hotel chain, and the property will undergo redevelopment and restructuring, financed by BPER Banca.
Our firm advised Banco BPM, Intesa Sanpaolo, and Sardaleasing with a team led by partner Alessandro de Botton, senior associate Stefano Cova, associate Beatrice Mattioni and trainee Gian Luca Marchi.
The Altair Funecap Group, a leader in cemetery services in Europe and Italy, has acquired the entire share capital of Saie Cremazioni S.r.l., a company specializing in the management and maintenance of a series of facilities within municipal cemeteries under a project finance scheme.
Our firm assisted Lemanik Asset Management S.A. and Riverrock European Capital Partners LLP, acting as lenders to Saie. The team, coordinated by partner Riccardo Agostinelli, included partner Marco Leonardi and associates Alessandro Pallavicini and Edoardo Testagrossa.
Molinari Agostinelli strengthens the tax area with the addition of Paolo Ruggiero, who joins as of counsel.
Throughout his career, Paolo Ruggiero has gained over a decade of experience in the fields of domestic and international taxation, particularly in the establishment of real estate funds and in M&A and leverage buy-out transactions, structured finance tax matters, transfer pricing and corporate taxation.
Previously, he worked for over ten years with leading tax law firms and held the position as Finance Director at Satispay S.p.A.
Kryalos SGR has completed two more acquisitions of receivables through its fund Keystone, reserved for institutional investors for the management and enhancement of mainly unlikely-to-pay (UTP) receivables. With this new acquisition of large-medium-small receivables from SMEs, the fund now holds over EUR 500m in gross receivables.
Our firm advised Kryalos SGR with a team composed of partners Maria Milano and Beatrice Neri and associates Michela Maresca and Giulia Mescolini.
F&P Equity Partners - supported by Clessidra Capital Credit SGR through the Clessidra Private Debt fund acting as mezzanine lender ed equity provider - expands its portfolio to a new industrial sector with the acquisition of 65% of Righi Elettroservizi, a Righi Group company based in Cesena and leader in the Italian markets of industrial automation and renewable energy.
Our firm advised Clessidra with a multidisciplinary team coordinated by partner Riccardo Agostinelli and composed of partner Marco Leonardi and associate Alessandro Pallavicini for finance-related matters and partner Marco Laviano and associate Federico Trabucco for equity investment aspects.
The pan-European private equity group Argos Wityu, on behalf of the 'Climate Action' fund, Europe's first 'Grey to Green' buyout fund, has acquired a majority stake in the Bracchi Group, a company active in the field of integrated logistics and transport, which has several hubs spread across northern Italy, Germany, Poland and Slovakia. Anima Alternative SGR and Clessidra Capital Credit SGR participated in the investment as co-investors and lenders.
Our firm advised the sellers on the tax aspects of the transaction with a team composed of partner Ottavia Alfano and associates Matteo Mairone and Filippo Maria Mariani.
Cassa Depositi e Prestiti granted a loan backed by the SupportItalia guarantee issued by SACE (90% coverage) to Tampieri Group, a group operating mainly in the sectors of vegetable oil processing, energy production, wastewater purification, as well as research and production of medical devices made of bio-ceramic material for regenerative surgery, and also a world leader in the production of grape seed oil.
Our firm advised Cassa Depositi e Prestiti with a team composed of partner Andrea Taurozzi and associate Alessandro Pallavicini.
Following Carlo Colombo S.p.A.'s exit from insolvency, the company executed facility agreements (short and medium/long-term) with financial creditors to support its financial requirements in current operations for a total amount of approximately EUR 190 million.
Our firm advised Carlo Colombo S.p.A. with a team composed of partners Ugo Molinari and Marinella Ciaccio and associate Giuliano Decorato.
Flint Group Italia S.p.A., the Italian subsidiary of the Flint Group, a global player in the chemicals, inks and printables sector, has completed a comprehensive and global transaction to renegotiate and reorganise the Flint Group's financial exposure and capital structure, leading to a reorganisation of its ownership structure and a reshaping of its existing financial debt, and to obtain new financial resources to support the group's investment plan and liquidity needs.
Flint Group Italia was advised, on Italian law aspects, by Molinari Agostinelli, with a team composed of partners Riccardo Agostinelli, Daniele Migliarucci and Giacomo Colombo, associates Cristina Cupolo, Edoardo Testagrossa and Francesca De Stasio and trainee Ada Gabriela Lubinu.
The Italian-Brazilian group Valgroup, specialized in the production, processing, and recycling of polymers into plastic packaging, has acquired 100% of Garda Plast and its subsidiary IFAP, two Italian companies engaged in the production of PET preforms.
Our firm advised Valgroup in the tax due diligence activity related to the transaction with a team composed of partner Ottavia Alfano and associate Marco Oggiano.
DigitalPlatforms S.p.A., an Italian group specialising in IoT and cybersecurity, has completed a structured financing transaction to raise financial resources and strengthen its capital base.
The transaction entailed the issuance of a secured non-convertible bond, a secured convertible bond and quasi-equity instruments, as well as a bank loan from illimity Bank S.p.A. aimed at refinancing the entire company's debt towards RiverRock Italian Hybrid Capital Fund.
Our firm advised RiverRock Italian Hybrid Capital Fund with a team coordinated by partner Riccardo Agostinelli and composed of partner Marco Leonardi and associate Alessandro Pallavicini.
On October 13, 2023, the Genoa Court approved the debt restructuring agreements with a tax transaction under Articles 57, 61, and 63 of the Code of Crisis and Insolvency, filed by UC Sampdoria S.p.A. following the negotiated settlement for the resolution of the crisis.
This was the first case of financial recovery for a professional football team on a going concern basis as well as the first application of the new federal sector regulations (known as NOIF - Norme di Ordinamento Interno Federale), adapted following the implementation of the new Code of Crisis and Insolvency. Additionally, it was the first case of debt restructuring secured by Sace and MCI, including the possibility of debt relief.
Our firm advised Banca Sistema, Macquarie Group, SACE, Istituto per il Credito Sportivo and other financial institutions with a team led by partner Riccardo Agostinelli and composed of partners Marco Leonardi and Daniele Migliarucci, as well as associates Alessandro Pallavicini and Edoardo Testagrossa.