White & Case advises lenders on substantial financing for offer by CVC Capital Partners and co-investors to buy out listed Italian pharmaceutical giant Recordati

Global law firm White & Case LLP has advised the underwriters and a club of private credit funds on a substantial multi-tiered senior secured and junior financing package to support the offer by a consortium led by CVC Capital Partners to take private the Italian pharmaceutical giant Recordati.

"We are proud to have worked on this hallmark transaction and been trusted by those involved to deliver this deal," said White & Case partner and Co-Head of Private Capital Gareth Eagles. "This transaction showcases the depth and quality of expertise the White & Case team can provide on the market's most complex and high profile transactions."

Headquartered in Milan, Italy, Recordati has more than 4,300 staff and operations around the world. Its field force of medical representatives promotes a wide range of innovative pharmaceuticals, both proprietary and under license, in a number of therapeutic areas including a specialised business dedicated to treatments for rare diseases.

The White & Case team which advised on the transaction included:
London: partners Gareth Eagles, Emma Foster, James Greene, Lauren Winter and Anthony Tama and associates Mash Thidiela, Oliver Taylor, Jere Agbaje, Mark Oslizlok, Heeral Sahajwalla and Ali Obeid.
Milan: partners Michael Immordino, Stefano Bellani, Evgeny Ostrovskiy and Luca Maffia and associates Nicola Tosin and Valentina Calo.
New York: associate Jack Elliott.

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