Lone Star portfolio company Evoca, active in the out-of-home coffee machine sector, issued €550 million high yield senior secured notes due in 2029, the proceeds of which were used for the early refinancing of the existing bond.
Our firm advised Evoca on the Italian tax aspects of the issuance with a team led by partner Ottavia Alfano, of counsel Paolo Ruggiero, senior associate Matteo Mairone and associate Filippo Maria Mariani.
QuattroR has acquired a 50% stake in Massimo Zanetti Beverage Group with the aim of accelerating its growth and long-term value creation. The remaining 50% will remain with Massimo Zanetti and his family.
QuattroR acquires its stake in the Group primarily through a sizeable capital increase. The new resources will be entirely dedicated to pursuing several growth opportunities, already identified and shared, as well as reducing the financial leverage at the group level.
Our firm advised QuattroR with a multidisciplinary team led by partner Ugo Molinari and composed of partner Margherita Santoiemma, senior associate Andrea Cecchi and associate Giulia Mescolini for corporate aspects, and partner Marco Leonardi for finance aspects.
Molinari Agostinelli's internal growth continues as Claudio Zanda and Lorenzo Caruccio are appointed salary partners of the firm. Claudio Zanda has extensive and multidisciplinary experience in extraordinary transactions in the areas of debt restructuring, private equity, M&A and real estate. Lorenzo Caruccio is head of the firm's admistrative law practice since 2021 and has a thorough experience in the area of public law, with particular reference to the construction and urban planning, energy and environment, and public procurement sectors.
Such appointments are accompanied by the promotions of Matteo Mairone, Alessandro Pallavicini and Federico Trabucco to senior associate.
HAT SGR has acquired, through the "HAT Technology Fund 4" fund, 100% of Texor S.r.l., a company active for twenty years in the ICT & System Integration sector with a focus on high-criticality network infrastructures.
The operation was financed by Banco BPM, assisted by our firm with a multidisciplinary team composed, for the acquisition finance aspects, of partner Andrea Taurozzi and associate Edoardo Testagrossa, as well as partner Ottavia Alfano and associate Marco Oggiano for tax matters.
Alto Partners SGR, through the Alto Capital V fund, executed a binding agreement with Fysis - EOS PE Fund I, a fund managed by EOS IM, for the acquisition of a majority stake in EF Group, a leading Italian general contractor in the design and construction of exhibition stands and three-dimensional structures.
Our firm advised Alto Partners with a multidisciplinary team consisting of partner Ciro Di Palma and associates Michela Maresca and Gianluca Diena, for M&A aspects, as well as partner Andrea Taurozzi and associate Edoardo Testagrossa for acquisition finance aspects.
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.