White & Case advises Bubbles BidCo on €495 million financing

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Global law firm White & Case LLP has advised Bubbles BidCo S.p.A. and its subsidiaries on a €495 million term and revolving financing intended to refinance part of the group's indebtedness.

Bubbles BidCo S.p.A. is the parent company of Cesar S.p.A., Gruppo S.D.A. S.r.l. and VDM S.r.l., among others, and through its group of companies holds a majority stake in Acqua & Sapone S.r.l., owner of the Acqua & Sapone brand, one of the largest beauty and hygiene chains in Italy.

The financing was provided by a pool of financial institutions comprising Intesa Sanpaolo S.p.A., UniCredit S.p.A., Banco BPM S.p.A., Banca IFIS S.p.A., Illimity Bank S.p.A, Banca Monte dei Paschi di Siena S.p.A., Oldenburgische Landesbank Aktiengesellschaft, BPER Banca S.p.A., Crédit Agricole Italia S.p.A., JP Morgan Chase Bank, N.A. and Deutsche Bank S.p.A.

The White & Case team that advised on the transaction included partners Iacopo Canino (Milan) and Martin Forbes (London), local partner Bianca Caruso (Milan), counsel Willem Van de Wiele (Brussels and Luxembourg), associates Beatrice Bertuzzi (Milan), Maxim Arrazola de Oñate (Brussels) and Sophia Fotso (Luxembourg) and lawyers Lorenzo Suzzi and Vincenzo Ferrini (both Milan

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