Global law firm White & Case LLP has advised the underwriters, consisting of Barclays, Credit Suisse, Deutsche Bank, Mediobanca, Morgan Stanley, Nomura, UBS and Unicredit, in the €1.1 billion rights issue for Unipol Gruppo Finanziario (UGF) in a deal launched on July 16, 2012.
The UGF rights issue will finance the acquisition of the Premafin Group, the holding company that controls the insurance companies Fondiaria SAI and Milano Assicurazioni, and the subsequent merger of Unipol Assicurazioni, Premafin, Milano Assicurazioni in Fondiaria SAI. The resulting entity will be named Unipol SAI.
Concurrent with this deal, Fondiaria SAI also launched an additional €1.1 billion capital increase, guaranteed by the same underwriters. The transaction is one of the largest rights issue deals in Italy this year.
The White & Case team was lead by partners Michael Immordino (Milan and London) and Ferigo Foscari (Milan), supported by London-based associate Monica Holden and Milan-based associates Victoria Laubach, Justin Levine and Alessandro Seganfreddo.
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