Andrea Novarese

Partner, Milan

Biography

Andrea “takes 360-degrees care of the client and has huge experience in the Italian market”
Chambers & Partners Europe

Overview

Andrea Novarese is a top-rated Italian qualified lawyer with more than 25 years of experience in the areas of banking, leveraged and acquisition finance, project finance, senior secured lending, restructuring, debt capital markets and corporate governance. Andrea regularly advises commercial, investment banks and financial institutions, borrowers and issuers, blue chip companies and investment firms.

Andrea is ranked amongst the leading lawyers by all major directories and he is often called upon to work with companies and investment banks, especially in connection with complex, cross-border transactions. Additionally, thanks to his in-depth knowledge in the automotive sector, Andrea is co-head of the Firm's global Auto-Tech practice and is a member of the global Technology Industry Group.

DEBT FINANCE

Andrea regularly represents lenders and borrowers on complex cross-border banking transactions.

Andrea is ranked amongst the leading lawyers by all major directories including: Chambers & Partners (Banking & Finance), The Legal 500 (Banking & Finance); and IFLR1000 (Banking, DCM and Project Finance). Andrea was named "Banking & Finance Lawyer of the Year" at the 2018 Top Legal Awards and "Banking Lawyer of the Year" at the 2018 Legalcommunity Finance Awards.

FINANCIAL RESTRUCTURING & INSOLVENCY

Andrea regularly advises corporate clients in connection with complex corporate debt and industrial restructuring restructuring transactions. He is ranked amongst the leading lawyers by The Legal 500, Chambers & Partners and IFLR 1000.

MERGERS & ACQUISITIONS

Andrea is very well regarded for his experience in the areas of general corporate, M&A and commercial law. He has advised on several cutting edge M&A transactions in the Italian market and automotive industry.

Bars and Courts
Italian Bar
Education
LLM
School of Law
University of Georgia
Law Degree
University of Pavia
Languages
Italian
English
French

Experience

Debt Finance

Hippocrates Holding €165 million financing, 2021
Andrea advised Hippocrates Holding S.p.A. in connection with a €165 million financing, comprising a €150 million term loan facility and a €15 million revolving credit facility, granted by Intesa Sanpaolo S.p.A., as agent, and Intesa Sanpaolo S.p.A., Natixis S.A. - Milan Branch and Banco BPM S.p.A., as original lenders.

Autostrade per l'Italia €750 million sustainability-linked revolving credit facility, 2021
Andrea advised a pool of banks including Intesa Sanpaolo, BNP Paribas, BNL, UniCredit, Banco BPM and Natixis on a five-year €750 million revolving credit facility granted to Autostrade per l'Italia S.p.A. The loan aims to strengthen the company's financial structure and includes an option to convert into a sustainability-linked revolving credit facility following the publication of Autostrade per l'Italia's first sustainability report, expected by June 2021.

Enel's €10 billion sustainability linked revolving credit facility, 2021
Andrea advised Enel S.p.A. and its subsidiary Enel Finance International N.V., in connection with its €10 billion sustainability linked revolving credit facility. This deal represents the largest sustainability linked financing globally.

Cerved Group's €713 million financing, 2020
Andrea advised Cerved Group S.p.A., a leading provider of credit risk analysis and the first independent market player in credit management in Italy, in connection with a €713 million term and revolving financing granted by a pool of banks.

An Italian holding company's €750 million financing, 2020
Andrea advised an Italian holding company in connection with a €750 million term and revolving financing made available by Intesa Sanpaolo S.p.A., Banca IMI S.p.A., UniCredit S.p.A., BNP Paribas, Italian Branch and Caixa Bank S.A.

Autogrill's €300 million SACE guaranteed financing, 2020
Andrea advised Autogrill, the world's leading provider of food & beverage services for travelers, in connection with a €300 million term financing guaranteed by SACE S.p.A. under Article 1 of the Italian Liquidity Decree.

Il Sole 24 Ore's €37.5 million SACE guaranteed financing, 2020
Andrea advised a pool of lenders in connection with a €37.5 million term loan financing to Il Sole 24 Ore S.p.A. guaranteed by SACE S.p.A. under Article 1 of the Italian Liquidity Decree.

Italo – Nuovo Trasporto Viaggiatori's €1.1 billion financing, 2019
Andrea advised a pool of banks in connection with the €1.1 billion financing granted to Italian railway operator Italo – Nuovo Trasporto Viaggiatori.

Atlantia's €16.5 billion financing, 2018
Andrea advised a consortium of 24 banks in connection with Atlantia S.p.A. financing in relation to the €16.5 billion public tender offer on Abertis S.A.*

Qatar Investment Authority and Glencore's €5.2 billion acquisition of Rosneft, 2018
Andrea advised Intesa Sanpaolo, as sole underwriter, in connection with the €5.2 billion facility provided to a consortium consisting of Qatar Investment Authority and Glencore for the purposes of its acquisition of a 19.5 percent stake in Rosneft, the world's largest publicly traded petroleum company.*

 

Financial Restructuring and Insolvency

D'Alesio Group's restructuring, 2021
Andrea advised D'Alesio Group in connection with the restructuring and refinancing of its financial indebtedness.

Sirti's €700 million restructuring, 2021
Andrea advised Intesa Sanpaolo S.p.A. and the other financial creditors in connection with the €700 million restructuring of Sirti S.p.A., a company specialized in the design, construction and maintenance of large telecommunication networks.

Gemmo's restructuring, 2020
Andrea advised Gemmo S.p.A. in connection with the restructuring and refinancing of its financial indebtedness.

Biancamano's restructuring, 2020
Andrea advised a pool of banks in connection with the restructuring of Biancamano S.p.A., a company listed on the Italian Stock Exchange operating in the environmental hygiene sector and the pre insolvency agreement entered into by its wholly owned subsidiary Aimeri Ambiente S.r.l. and the related acquisition by the banks of €200 million of quasi-equity instruments issued by Biancamano S.p.A.

Messina Group's restructuring, 2020
Andrea advised a pool of banks in connection with the financial restructuring of the Messina Group, a historic Italian shipping group based in Genoa and specialized in international shipping services.

Project Italia, 2019
Andrea is advising Intesa Sanpaolo S.p.A. in connection with a €6 billion project launched by Italian listed company Salini Impregilo S.p.A. aimed at strengthening the Italian sector of public works and construction, as a result of which, inter alia, Salini Impregilo S.p.A. will acquire a majority stake in Astaldi S.p.A., another Italian listed in the context of its arrangement with creditors (concordato preventivo).

Maschio Gaspardo's restructuring, 2019
Andrea advised a consortium of 21 major Italian banks in connection with the €140 million debt restructuring of Maschio Gaspardo S.p.A., a leading Italian company in the production of agricultural equipment.

Sorgenia's €1.8 billion restructuring, 2016
Andrea advised Sorgenia in connection with its €1.8 billion restructuring.*

 

Mergers & Acquisitions

Amplifon's corporate reorganization, 2021
Andrea advised Amplifon S.p.A., the world's leading hearing aid retailer, in connection with the reorganization of its corporate structure. The reorganization separates Amplifon's operating activities in Italy from its management activities, which will be carried out by the listed parent company.

Alisarda's business combination with Qatar Airways, 2017
Andrea advised Alisarda S.p.A. in connection with the business combination with Qatar Airways.*

ChemChina's €7.1 billion acquisition of Pirelli, 2015
Andrea advised a pool of international banks in connection with the €7.1 billion acquisition of Pirelli by ChemChina.*

*Prior to joining White & Case

Awards and Recognition

Banking & Finance
Leading Lawyer (Band 1): Chambers & Partners Global/Europe 2021
Hall of Fame: The Legal 500 2021
Highly Regarded: IFLR1000 2021

Capital Markets: Debt
Highly Regarded: IFLR1000 2021 

Financial Restructuring 
Highly Regarded: IFLR1000 2021 

Project Finance
Highly Regarded: IFLR1000 2021 

Restructuring and Insolvency 
Leading Lawyer (Band 2): Chambers & Partners Europe 2021
Hall of Fame: The Legal 500 2021
Highly Regarded: IFLR1000 2021