Italy | White & Case LLP International Law Firm, Global Law Practice
Italy
Italy

Italy

About

We offer clients, based in Italy or doing business in Italy, the benefit of our global experience, local knowledge and practical experience, implementing a local team integrated with our international capabilities and offices in order to deliver quality and innovative service.

We differentiate ourselves from other firms by offering a truly cross border offering to our clients. Virtually all of our transactions involve more than one office and our lawyers are comfortable dealing with the idiosyncrasies of such complex transactions. This is supported by extensive experience in Italian transactions and quality Italian law legal advice. We cover the full spectrum of capital markets services, M&A expertise and banking and finance advice.

 

Leadership in Debt and Equity Securities

Our US, English and Italian law securities team is unique in its offering and one of the largest in Italy. We routinely represent issuers and investment banks on complex capital markets transactions. We are regularly top tier ranked in international and Italian legal directories and enjoy leading positions in all major league tables rankings.

In the last three years we have worked on about 60 debt capital market transactions with a value of over €100 billion and are a recognized as market leader in High yield bonds, Yankee bonds, Eurobonds, covenanted Eurobonds, Euro and US Private Placements and EMTN offerings.

In the last three years we have worked on over 15 equity capital market transactions for a value of approximately €14 billion and are recognized as leaders in IPOs, secondary offerings, equity linked bonds and block trade offerings.

 

Italian and Cross Border M&A

Our M&A practice regularly represents Italian and international corporates in relation to domestic and cross-border transactions; as well as foreign corporates and private equity firms on their investments in Italy. In the last three years we have worked on about 15 transactions with a total value of over €6 billion. We are ranked amongst the top tier law firms in most of national and international legal directories and enjoy strong rankings in league tables.

 

Italian and International Bank Finance

Our Italian bank finance team provides an integrated Italian, English and US law bank finance practice of the highest quality. In the last three years we have worked on 25 bank finance transactions for a value of almost €24 billion. We have extensive leveraged finance capability, delivering integrated bank/bond advice to underwriters and issuers, advising a wide range of non-bank investors and funds on all leveraged finance trends, including senior/bridge/bond commitments, private high yield and evolving intercreditor arrangements; as well as on new financing originations, restructuring, refinancing, distressed acquisitions, non-performing loan portfolio acquisitions, private equity and special situations. We are regularly ranked in the top tiers in bank finance major international and Italian legal directories.

 

AWARDS & RECOGNITION

Debt Capital Markets

Chambers  Global 2016
Band 1: Debt Capital Markets

Chambers Europe 2016
Band 1: Debt Capital Markets

IFLR 1000 2015
Band 1: Debt Capital Markets

TopLegal 2013
Band 1: Debt Capital Markets

 

Equity Capital Markets

Chambers Global 2016
Band 1: Equity Capital Markets

Chambers Europe 2016
Band 1: Equity Capital Markets

TopLegal* Awards 2015
Equity Capital Markets Law Firm of the Year in Italy (for the second year in a row)

IFLR 1000 2015
Band 2: Equity Capital Markets

 

M&A

IFLR1000 2015
Band 3: Merger & Acquisitions

 

Bank Finance

Chambers Global 2016
Band 3: Banking & Finance

Chambers Europe 2016
Band 4: Banking & Finance

IFLR 1000 2015
Band 3: Banking & Finance

TopLegal 2013
Band 3: Banking & Finance

Experience

Debt capital markets

  • High-yield bond issuances for the GTECH, HP Pelzer Holding, Maccaferri, Onorato Armatori, Piaggio, Rhiag, Waste Italia and Wind Telecomunicazioni
  • Eurobonds for Autostrada Brescia Verona Vicenza Padova, ADR Aeroporti di Roma, Kedrion, Linea Group Holding, Salini Impregilo and Società per Azioni Esercizi Aeroportuali S.E.A.
  • US private placements for Amplifon group, Ariston Thermo Group, Autogrill, Barilla, Dè Longhi, Illycaffè, I.M.A., MARR and Sogefi
  • Euro private placements for Alitalia, Atlantia, Banca Farmafactoring, Beni Stabili, Corporación América Italia, E.s.tr.a., I.M.A. and Kiko (Percassi group)
  • ETMN/GMTN programmes for Autostrade per l'Italia, Aeroporti di Roma, Atlantia, Intesa Sanpaolo, Pirelli, SIAS, SNAM and Eni
  • Retail bonds for Atlantia, Cassa Depositi e Prestiti and BTP Italia issuance by the Republic of Italy

Equity capital markets

  • IPOs for Cerved, INWIT, OVS, Moleskine and RE-IPO of Salini Impregilo
  • Right issue offering for Banca Popolare di Milano, IGD SIIQ, Maire Tecnimont, Saipem and Unipol Gruppo Finanziario
  • Block trades for Atlantia, Autogrill, Azimut, Exor, Generali. I.M.A. and World Duty Free
  • Convertible bonds for Finatan and Telecom Italia

Mergers & acquisitions

  • Public M&A for Aeroporto di Firenze and Società Aeroporto Toscano Galileo Galilei, Dada, DelClima and SEAT Pagine Gialle
  • Private M&A for Braun, Cairn Capital,  Cifin, Corvette, Ecorodovias, Gammarad, I.M.A. and Oyster
  • Private Equity and sovereign funds advice to Dental Pro, Luciano Barbera, Valvitalia and Zanella

Bank finance

  • Term and revolving facility agreements for Ali, AEB, Cifin, Facile.it, Enel, Esprinet,  Kiko, Octo Telematics, Piaggio, Prysmian, Rhiag, Sacmi, SEA, Valentino, Waste Italia and World Duty Free
  • Unitranche transaction for Ambretta and Fintyre