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 Europe and Global 2017
Band 1: Debt Capital Markets

IFLR 1000 2017
Band 1: Debt Capital Markets

 

Equity Capital Markets

Chambers Europe and Global 2017
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 2017
Band 1: Equity Capital Markets

 

M&A

IFLR1000 2017
Band 3: Merger & Acquisitions

 

Bank Finance

Chambers Global 2017
Band 3: Banking & Finance

IFLR 1000 2017
Band 2: Banking & Finance

Experience

Debt Capital Markets

  • High-yield bond issuances for HP Pelzer, N&W Global Vending, Gamenet, Moby, Rhiag and Wind Telecomunicazioni
  • Eurobonds for A4, Credem Vita, Fintyre and ITAS Mutua
  • US private placements for Autogrill, Amplifon, Ariston, Barilla, Dè Longhi, Illycaffè and I.M.A.
  • Euro private placements for Alitalia, Banca Farmafactoring, Beni Stabili, Caronte & Tourist, Corporación América Italia, DentalPro, Estra, Fintyre and Grandi Navi Veloci
  • ETMN/GMTN programmes for Acea, Aeroporti di Roma, Atlantia, Autostrade per l’Italia, Eni, Intesa Sanpaolo, Pirelli, SIAS and Snam
  • Retail/Italian law bonds for Atlantia, Banca Popolare di Vicenza, Cassa Depositi e Prestiti, the World Bank and BTP Italia issuance by the Republic of Italy
  • Subordinated bank bonds for Banca Farmafactoring and Intesa Sanpaolo
  • Liability management exercises (consent solicitation, intermediated exchanges offers and cash tender offers) for Acea, Atlantia, Autostrade per l’Italia Banca Farmafactoring, Pirelli and Snam

Equity Capital Markets

  • IPOs for Banca Farmafactoring, Cerved, INWIT, OVS, Moleskine and Technogym
  • Right issue offerings for Banca Popolare di Milano, IGD SIIQ, Maire Tecnimont, Saipem, UniCredit and Unipol
  • Block trades for Atlantia, Azimut, Exor, I.M.A., UniCredit and World Duty Free
  • Convertible or equity-linked bonds for Eni and Telecom Italia

Bank Finance

  • Corporate loans for Acciaieria Arvedi, Datalogic, Enel, Facile.it, Fintyre, Gruppo Forall, Octo Telematics, Sacmi, Valentino and World Duty Free
  • Acquisition loans and LBOs for AEB,  Ali, Cifin, Faccin, Fintyre, italiaonline, Lone Star Funds, MEC3, Philippe Model, Rina and Suba Seeds
  • Bank/Bond and SSRCFs for Gamenet, Grandi Navi Veloci and Moby
  • Unitranches for Ambretta and Fintyre

Structured Finance & NPLs

  • Securitizations for Banca IMI, Biverbanca, Cassa di Risparmio di Asti, Cassa di Risparmio di Biella e Vercelli, Citibank, Deutsche Bank, Monte dei Pasci di Siena and Banca IFIS
  • NPLs sale and purchase for Anchorage Capital Partners, Bank of America Merrill Lynch, Deutsche Bank, GE Capital, Interbanca, UniCredit and UniCredit Leasing

M&A

  • Public M&A for Aeroporto di Firenze and Società Aeroporto Toscano Galileo Galilei, Dada, De' Longhi, Italcementi, Italiaonline and SEAT Pagine Gialle
  • Private M&A for Atlantia, Cairn Capital, Cellnex, Cifin, De' Longhi, Huvepharma, I.M.A., Mercedes-Benz, Metroweb, Sirti, Smartbox and Wilmar
  • Private Equity and sovereign funds advice to CVC, Fondo FSI, Infracapital, InfraVia Capital Partners, Summit Partners and Tengram Capital Partners