Iacopo Canino | White & Case LLP International Law Firm, Global Law Practice
Iacopo Canino
Iacopo Canino

Iacopo Canino

Partner, Milan

T +39 020 068 8340

T +39 340 591 8650 (mobile)

E iacopo.canino@whitecase.com

“He is very proficient in loan restructuring, high-yield bonds and security packages” (Chambers Europe / Global 2016) “He was practical, rational and logical; working with him was very smooth,” (Chambers Europe / Global 2015) “An absolutely fantastic lawyer,” (IFLR 1000 2013)

Overview

Iacopo Canino is a corporate finance lawyer with a practice that focuses on finance, restructuring and insolvency, general corporate and commercial law. His main focus is leveraged finance and he is one of the very few Italian attorneys that has specific knowledge and experience on the high yield space.

He advises clients on a broad range of corporate finance, banking and debt restructuring transactions in the Italian market.

Notable clients include Ali Group, Compass (Mediobanca Group), ContactLab, HP Pelzer, JP Morgan, Mediobanca, Rhiag Group, UniCredit and recent representative transactions include KIKO's €152 million term and revolving credit facility, concurrent with a private placement of €100 million, Rhino Bondco's €50 million tap high yield offering and inaugural €200 million senior secured notes offering for the acquisition of Rhiag Group, HP Pelzer's €50 million tap high yield offering and inaugural €230 million high yield bond issue, WIND Group's corporate refinancing that includes a new €775 million issuance; WIND Group's €4 billion corporate refinancing as well as its high yield bond of €1.75 billion €130 million loan to Esprinet, Valentino S.p.A.'s €150 million term and revolving credit facilities and Valentino S.p.A.'s €50 million revolving credit facilities.

Iacopo regularly takes a lead role on complex transactions and is accustomed to working within large cross border interdisciplinary teams of lawyers, drawn from the Firm's offices across the globe.

He is ranked as a 'leading lawyer' in a number of professional directories, including Chambers Global 2016. Commentators agree that Iacopo is "a pleasure to work with", and praise his formidable technical and commercial skills. Peers describe him as "an absolutely fantastic lawyer" and "very experienced" (IFLR 1000, 2013).

Before joining White & Case, Iacopo was a partner and head of the banking and finance department at an independent Italian law firm.

Bars and Courts

  • Milan Bar

Education

  • Università degli Studi di Pavia

Languages

  • Italian
  • English

Experience

GTECH S.p.A. US$5.2 billion high yield bond issuance, 2015

Iacopo represented GTECH in connection with its issuance of a series of senior secured notes denominated in US$3.2 billion and €1.6 billion equivalent, in aggregate to approximately US$5.2 billion.

HP Pelzer's €50 million tap high yield bond issuance and inaugural €230 million high yield bond issuance, 2014 - 2015

Iacopo led an international team of lawyers from across the EU and US that advised HP Pelzer Holding GmbH, a German manufacturing company in the automotive sector controlled by the Italian group Adler S.p.A., on its tap high yield offering of €50 million 7.5 percent notes due 2021as well as on its high yield offering of €230 million 7.5 percent Senior Secured Notes due 2021.

Rhino Bondco's €50 million Tap High Yield Bond Issuance, 2014

Iacopo advised Apax Partners LLP and the Rhiag Group in connection with the Italian law aspects of the issuance by Rhino Bondco S.p.A. of a €50 million tap high yield bond of 7.25 percent senior secured notes and Rhino Bondco S.p.A. as borrower, BNP Paribas, Italian Branch as facility agent and BNP Paribas Securities Services, Milan Branch as security agent in connection with a concurrent €75 million revolving credit facility.

KIKO's €152 million term and revolving credit facility, 2014

Iacopo advised KIKO S.p.A. (owned by Percassi Group) in connection with a €152 million term and revolving credit facility. BNP Paribas and UniCredit acted as arrangers and lenders. This transaction was linked to a private placement of €100 million 6.5% senior secured notes due 2020.

Bank Syndicate's €130 million term and revolving credit facility to Esprinet, 2014

Iacopo led the team that represented a syndicate of banks led by Banca IMI S.p.A., as agent, and Banca IMI S.p.A., Banca Nazionale del Lavoro S.p.A. and UniCredit S.p.A. as arrangers and bookrunners, on a €130 million term and revolving credit facility for Esprinet S.p.A.

Wind Telecomunicazioni €4 Billion Corporate Refinancing, 2014

Iacopo advised Wind Telecomunicazioni S.p.A. and its wholly-owned subsidiary Wind Acquisition Finance S.A. (WAF) on a corporate refinancing that includes a new €4 billion issuance by WAF of three tranches of senior secured bonds. The deal also involved a simultaneous tender offer for outstanding securities of WAF to facilitate the transaction. Iacopo worked as part of a team that included lawyers based in the US, Europe, Africa and Asia.

Officine Maccaferri's €200 million high yield bond, 2014

Iacopo advised Credit Suisse, Banca IMI, BNP Paribas and UniCredit as Joint Bookrunners on Officine Maccaferri's high yield offering of €200 million, 5.75 percent Notes due 2021.

Wind Telecomunicazioni €3.75 billion issuance of Dual-Tranche senior High Yield Bonds, 2014

Iacopo advised Mediobanca, Intesa Sanpaolo, Banca IMI and UniCredit on a €150 million term and revolving credit facilities granted to Valentino S.p.A. as borrower and guaranteed by Valentino Fashion Group S.p.A. Iacopo also represented Mediobanca, Intesa Sanpaolo and Banca IMI on a €50 million revolving credit facility agreement made available to Valentino Fashion Group S.p.A. to refinance existing financial indebtedness in the context of the acquisition of Valentino Fashion Group by Mayhoola for Investments.

Valentino S.p.A.'s €200 million term and revolving credit facilities, 2013

Iacopo advised Mediobanca, Intesa Sanpaolo, Banca IMI and UniCredit on a €150 million term and revolving credit facilities granted to Valentino S.p.A. as borrower, and guaranteed by Valentino Fashion Group S.p.A. Iacopo also represented Mediobanca, Intesa Sanpaolo and Banca IMI on a €50 million revolving credit facility agreement made available to Valentino Fashion Group S.p.A. to refinance existing financial indebtedness in the context of the acquisition of Valentino Fashion Group by Mayhoola for Investments.

Fondo Strategico Italiano's €151.2 million investment in Valvitalia S.p.A., 2013

Iacopo led the team that advised Fondo Strategico Italiano S.p.A. (the Italian sovereign wealth fund) in connection with its €151.2 million investment for the purchase of 49.5 percent of Valvitalia S.p.A.'s share capital.

Rhino Bondco S.p.A.'s €415 million high yield bond issuance, 2013

Iacopo advised the fund Apax Partners LLP and the Rhiag Group in connection with the issuance – by Rhino Bondco S.p.A. – of a €415 million High Yield bond of 7.25 percent senior secured notes and floating rate senior secured notes. The proceeds of the offering were used by Apax to fund the acquisition of Italian automotive components distributor Rhiag-Inter Auto Parts Italia S.p.A. and its subsidiaries. The notes were sold in a private placement to qualified institutional investors pursuant to Rule 144A and non-US persons pursuant to Regulation S, under the US Securities Act of 1933.

Gamenet's €200 million high yield bond issuance, 2013

Iacopo was part of the team that advised Italian gaming company Gamenet S.p.A. (controlled by the private equity fund Trilantic Capital Partners) on the US and Italian law aspects of its €200 million issue of Senior Secured Notes due 2018. The bonds are secured on a first-ranking basis by pledges above 70 percent of its share capital and over warrants representing the rights to acquire an additional 21.1 percent of the share capital. This is an area for growth in Italy which fits into the Firm’'s strategy of assisting companies and their subsidiaries across the gamut of debt products.

Awards & Recognition

Leading Lawyer: IFLR 1000 2016 Banking; Capital markets - Debt

Financial restructuring – Italy

Leading Lawyer, The Legal 500 EMEA 2016

Banking & Finance – Italy

Ranked: Chambers Europe / Global 2016 Banking & Finance - Italy

Restructuring/Insolvency – Italy

Leading Individual: The Legal 500 EMEA 2016

Capital Markets: Debt – Italy

Banking & Finance – Italy

Restructuring & Insolvency – Italy