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.
The Court of Trieste has approved the concordato proposal of Luigi Cimolai Holding S.p.A. and Cimolai S.p.A. as direct business continuity arrangements.
Our firm advised the companies on insolvency and litigation aspects with a multi-disciplinary team composed of partners Ugo Molinari, Alessandro Fontana and Giacomo Colombo, senior associate Livia De Rosa, associates Francesca De Stasio and Bruno Tripodi and trainee Ada Gabriela Lubinu, as well as, for public law matters, by managing counsel Lorenzo Caruccio.
Visaco S.p.A. sold an area with a surface of over 100,000 sqm in the municipality of Modugno (Bari). On the land there is a building that will be demolished for the development of a logistic complex of about 50,000 sqm that will be compliant with the main ESG standards and provided with Leed Platinum certification.
Our firm advised Visaco S.p.A. with a team composed of partner Ciro Di Palma and associate Antonio Lindiner for real estate aspects and senior associate Fausto Indelicato for administrative law profiles.
Kryalos SGR completed two additional purchases of reveivables through its fund named "Keystone", reserved for institutional investors for the management and enhancement of mainly unlikely-to-pay (UTP) loans.
With these transactions, the fund further expands both in terms of the loan portfolio (€335 million in gross receivables) and the number of banks involved, which now reaches 15.
Our firm advised Kryalos with a team composed of partners Maria Milano and Beatrice Neri, associate Michela Maresca and trainee Gian Luca Marchi.
Frigomec, a company specialising in the production of key components for refrigeration and air-conditioning systems,purchased 100% of the shares of Lonardi Claudio, a company operating in the cold sheet metal stamping sector.
The transaction was financed by UniCredit, advised by our firm with a team composed of partner Marco Leonardi, associate Cristina Cupolo and trainee Camilla Tengattini.
The partnership between DeA Capital Alternative Funds SGR and the Costa Edutainment Group has been consolidated through a new investment - carried out through the alternative investment fund Flexible Capital - providing for an additional cash injection of EUR 15 million and the resulting increase by 8% in the stake held by DeA Capital, which now detains 18% of Costa Edutainment's shares.
Our firm advised DeA Capital with a multi-disciplinary team led by partner Margherita Santoiemma and composed of partner Giacomo Colombo and senior associate Andrea Cecchi for corporate aspects, partner Marco Leonardi and associate Alessandro Pallavicini for finance aspects and managing counsel Lorenzo Caruccio for administrative law profiles.
Name partner Ugo Molinari advised Barbara, Eleonora and Luigi Berlusconi in defining the agreements governing the division of Silvio Berlusconi's wealth.
AEW has completed the refinancing of the Italian portfolio of the pan-European real estate alternative investment fund Logistis for an amount of approximately EUR 150m.
AEW was advised by our firm, with a multi-disciplinary team composed of partner Daniele Migliarucci and associate Cristina Cupolo for finance aspects, and partners Alessandro de Botton and Marco Laviano, and associates Antonio Lindiner and Francesco Manghisi, for real estate aspects.