Ferigo Foscari

Partner, Milan

Biography

Clients describe Ferigo as “Tremendously smart, extremely careful and thoughtful”. “He is the person you want to hear before taking a decision in order to understand all the variables in the scenario”. “He is a very good leader. He’s very commercial …and shows deep involvement”. An “exceptionally smart guy”, “an outstanding lawyer” and a “brilliant negotiator”. Other sources note that in the equity arena, “he is a notch above everyone else.”
Chambers & Partners Global

Overview

Ferigo Foscari is a top-rated Italian qualified lawyer with approximately 25 years of experience in securities and mergers and acquisitions. Ferigo is based in Milan.

SECURITIES TRANSACTIONS

Ferigo's extensive capital markets experience covers advising issuers and investment banks in both equity and debt offerings. In the ECM area, he has advised on a broad range of IPOs, secondary offerings and block trades. In the DCM area, he has significant experience in Eurobonds, Euro Private Placements, covenanted Eurobonds, EMTN and GMTN programs for Italian issuers.

Ferigo is also ranked Band 1 in ECM by Chambers & Partners 2023 and is recognized as a Hall of Fame lawyer in ECM and DCM by The Legal 500 2023. Ferigo is also highly regarded in ECM, DCM and M&A by IFLR1000 2023.

CORPORATE M&A

Ferigo is a leading lawyer in mergers and acquisitions transactions and has a strong public M&A expertise and experience.

Ferigo is recognized as a highly regarded lawyer for M&A according to IFLR1000 and he is recommended by The Legal 500 2023 for his Commercial Corporate and M&A and Private Equity experience.

Bars and Courts
Italian Bar
Education
JD (Juris Doctor)
University of Bologna

Italy

Languages
Italian
English
French

Experience

Equity Capital Markets

Technoprobe's €181.8 million block trade, 2023
Ferigo advised Mediobanca - Banca di Credito Finanziario S.p.A., as bookrunner, in connection with the placement of Technoprobe S.p.A.'s ordinary shares, corresponding to 4.20% of its share capital, for a total amount of €181.8 million. The placement was carried out through an accelerated bookbuild offering to qualified investors.

Nexi's €584 million block trade, 2022
Ferigo advised advised Intesa Sanpaolo S.p.A. in connection with the approximately €584 million placement of 5.1% of the share capital in Nexi S.p.A. through an accelerated bookbuild offering to qualified investors.

Banca Monte dei Paschi di Siena's €2.5 billion rights issue, 2022
Ferigo advised Banca Monte dei Paschi di Siena S.p.A. in connection with the US law aspects of its €2.5 billion rights issue.

Technoprobe's €713 million IPO, 2022
Ferigo advised Mediobanca and Intesa Sanpaolo, as joint global coordinators and bookrunners, in connection with the Regulation S €713 million initial public offering of 20.8% of Technoprobe S.p.A.'s ordinary shares on Euronext Growth Milan.

MotorK's €75 million IPO, 2021
Ferigo advised MotorK Plc in connection with its Rule 144A and Regulation S €75 million initial public offering on Euronext Amsterdam of 28.7% of the company's share capital.

Intercos' €350 million IPO, 2021
Ferigo advised Intercos S.p.A. in connection with its Rule 144A and Regulation S €350 million initial public offering on Euronext Milan of 26.5% of the company's share capital.

SECO's €160 million IPO, 2021
Ferigo advised Goldman Sachs International and Mediobanca - Banca di Credito Finanziario S.p.A., as joint global coordinators and bookrunners, and Mediobanca - Banca di Credito Finanziario S.p.A., as sponsor, in connection with the €160 million initial public offering of approximately 40.45% of SECO S.p.A. on the STAR segment of the Milan Stock Exchange.

Moncler's €400 million block trade, 2021
Ferigo advised Ruffini Partecipazione S.r.l. in connection with the approximately €400 million placement of 3,2% of Moncler S.p.A.'s share capital through an accelerated bookbuild offering to institutional investors.

Philogen's €76 million IPO, 2021
Ferigo advised Philogen S.p.A. in connection with its Rule 144A and Regulation S €76 million initial public offering on the main market of the Milan Stock Exchange of 11% of the company's ordinary shares capital.

GVS' €570 million IPO, 2020
Ferigo advised GVS S.p.A. in connection with its Rule 144A and Regulation S €570 million initial public offering on the Milan Stock Exchange of 40% of the company's share capital

Sanlorenzo's €176 million IPO, 2019
Ferigo advised Banca IMI, Bank of America Securities and UniCredit Corporate & Investment Banking, as joint global coordinators and joint bookrunners, in connection with the initial public offering of Sanlorenzo S.p.A. on the STAR segment of the Milan Stock Exchange, for a total value of approximately €176 million.

Debt Capital Markets

Intesa Sanpaolo's US$2.75 billion Yankee bonds issuance, 2023
Ferigo advised Intesa Sanpaolo S.p.A. in connection with a US$2.75 billion Yankee bonds issuance under its US$50 billion MTN Programme. The issuance consists of (i) US$1.5 billion 7.778% fixed rate resettable unsubordinated non-preferred notes due 2054 and (ii) US$1.25 billion 6.625% unsubordinated preferred notes due 2033, offered and sold pursuant to Rule 144A and Regulation S under the US Securities Act.

AMCO's €1.25 billion tender offer, 2023
Ferigo advised Morgan Stanley, Société Générale and UniCredit, as joint dealer managers, in connection with AMCO - Asset Management Company's tender offer on its outstanding €1.25 billion senior preferred unsecured notes due 2023.

Banco BPM's €750 million green bonds issuance, 2023
Ferigo advised Banco BPM S.p.A. in connection with the issuance of €750 million 4.875% fixed rate senior preferred green notes due 2027 under its €25 billion EMTN Programme.  The notes have been offered and sold pursuant to Regulation S under the US Securities Act and listed on the Luxembourg Stock Exchange.

Autostrade per l'Italia's €750 million sustainability linked notes issuance, 2023
Ferigo advised Autostrade per l'Italia S.p.A. in connection with the issuance of a €750 million 4.750% fixed rate sustainability linked notes due 2031 under its €7 billion EMTN Programme. The notes have been offered and sold pursuant to Regulation S under the US Securities Act and listed on the Irish Stock Exchange.

Intesa Sanpaolo's US$2 billion Yankee bonds issuance, 2022
Ferigo advised Intesa Sanpaolo S.p.A. in connection with its a US$2 billion Yankee bonds issuance under its recently updated US$50 billion MTN Programme. The issuance consists of (i) US$750 million 7.000% unsubordinated preferred notes due 2025 and (ii) US$1.25 billion 8.248% fixed rate resettable unsubordinated non-preferred notes due 2033. The notes have been offered and sold pursuant to Rule 144A and Regulation S under the US Securities Act.

Enel Group's US$4 billion Yankee bonds issuance, 2022
Ferigo advised Enel Group in connection with a US$4 billion Yankee bonds issuance. The issuance consists of (i) US$1 billion 7.100% notes due 2027, issued by Enel Finance America LLC and (ii) US$750 million 6.800% notes due 2025, (iii) US$1.250 billion 7.500% notes due 2032 and (iv) US$1 billion 7.750% notes due 2052, all issued by Enel Finance International NV. The notes have been offered and sold pursuant to Rule 144A and Regulation S under the US Securities Act.

Enel Group's €8 billion SDG Target ECP Programme, 2022
Ferigo advised Citigroup Global Markets Limited, as arranger, in connection with the update of Enel Group's Sustainable Development Goal (SDG) Target Euro-Commercial Paper (ECP) Programme, with a maximum total value of €8 billion.

Autostrade per l'Italia's €1 billion bonds issuance, 2022
Ferigo advised Autostrade per l'Italia S.p.A. in connection with its €1 billion bonds issuance under its €7 billion EMTN Programme. The issuance consists of (i) €500 million 1.625% fixed rate notes due 2028 and (ii) €500 million 2.250% fixed rate notes due 2032. The notes have been offered and sold pursuant to Regulation S under the US Securities Act and listed on Euronext Dublin's regulated market.

BFF Bank's €150 million bonds issuance, 2022
Ferigo advised BFF Bank S.p.A. in connection with its €150 million 5.875% additional Tier 1 notes issuance. The notes have been offered and sold pursuant to Regulation S under the Securities Act and listed on the MTF of Euronext Dublin.

Intesa Sanpaolo's US$1.5 billion Yankee bonds issuance, 2021
Ferigo advised Intesa Sanpaolo S.p.A. in connection with its  US$1.5 billion Yankee bonds issuance under its recently updated US$50 billion MTN Programme. The issuance consists of (i) US$750 million 4.198% subordinated notes due 2032 and (ii) US$750 million 4.950% subordinated notes due 2042. The notes have been offered and sold pursuant to Rule 144A and Regulation S under the US Securities Act.

Aeroporti di Roma's €500 million sustainability linked notes issuance, 2021
Ferigo advised Credit Agricole CIB and BofA Securities, as structuring advisors and joint bookrunners, and Barclays, Goldman Sachs, IMI-Intesa, Mediobanca, Société Générale and UniCredit, as bookrunners, in connection with the €500 million 1.750% fixed rate senior unsecured sustainability linked notes due 2031 issuance by Aeroporti di Roma S.p.A. The notes have been offered and sold pursuant to Regulation S under the US Securities Act and listed on the Irish Stock Exchange. This is the second sustainability linked bond issued by an Italian issuer and the first globally in the airport sector.

Amissima Vita's €80 million bonds issuance, 2021
Ferigo advised Morgan Stanley, as sole lead manager, in connection with Amissima Vita S.p.A.'s €80 million fixed rate resettable subordinated notes due 2031 issuance. The notes have been offered and sold pursuant to Regulation S under the US Securities Act and listed on the Global Exchange Market managed by Euronext Dublin.

Atlantia's €1 billion bonds issuance, 2021
Ferigo advised Atlantia S.p.A. in connection with its €1 billion 1.875% notes due 2028 issuance. The notes have been offered and sold pursuant to Regulation S under the US Securities Act and listed on the Global Exchange Market managed by Euronext Dublin.

Acea's €900 million first green bonds issuance, 2021
Ferigo advised Acea S.p.A. in connection with its first €900 million green bonds issuance in two tranches under its €4 billion EMTN Programme. The issuance consists of (i) €300 million 0% fixed rate notes due 2025 and (ii) €600 million 0.25% fixed rate notes due 2030. The notes have been offered and sold pursuant to Regulation S under the US Securities Act and listed on the Luxembourg Stock Exchange.

Public M&A

7-Industries' €70 million investment in SECO, 2023
Ferigo advised SECO S.p.A., a company listed on the Euronext STAR segment of Borsa Italiana and active in the technological innovation and Internet of Things sectors, in connection with the €70 million investment of 7-Industries in SECO. 

BNL-BNP Paribas, Crédit Agricole and Deutsche Bank's €340 million VTO on Tod's shares, 2022
Ferigo advised BNL-BNP Paribas Group, Crédit Agricole Corporate & Investment Bank, Milan Branch and Deutsche Bank, as lenders and issuing banks, in connection with the €340 million voluntary tender offer on all Tod's S.p.A.'s ordinary shares.

Cerved's €2 billion merger with and into Castor Bidco, 2022
Ferigo advised Cerved in connection with the proposed €2 billion merger with and into Castor Bidco S.p.A.

SICIT's €360 million VTO on all its shares, 2021
Ferigo advised SICIT Group in connection with its €360 million voluntary tender offer on all its ordinary shares made by Circular BidCo S.p.A.

JP Morgan's €1.7 billion VTO on ASTM's shares, 2021
Ferigo advised JP Morgan in connection with the €1.7 billion voluntary tender offer for all the ordinary shares of ASTM S.p.A.

BC Partners and SOFIMA's €946 million MTO on IMA's shares, 2021
Ferigo advised BC Partners and SOFIMA in connection with the €946 million mandatory tender offer on all the outstanding shares of I.M.A. S.p.A..

Trilantic Capital Partners Europe's sale of Gamenet to Apollo Global Management IX, 2019
Ferigo advised TCP Lux Eurinvest S.a.r.l., an entity controlled by the private equity fund Trilantic Capital Partners Europe, in connection with the €111.8 million sale of 28.67% of Gamenet to Gamma Bidco, controlled by Apollo Global Management IX, L.P.

Libero Acquisition and Sunrise Investments' VTO on Italiaonline's shares, 2019
Ferigo advised Libero Acquisition and its subsidiary Sunrise Investments in connection with the launch of the voluntary tender offer oon all Italiaonline S.p.A.'s ordinary and saving shares.

I.M.A. Industria Macchine Automatiche and GIMA TT's merger, 2019
Ferigo advised I.M.A. Industria Macchine Automatiche S.p.A. and GIMA TT S.p.A.in connection with the preliminary documents of the merger by incorporation of GIMA TT S.p.A.in its parent company I.M.A. S.p.A.

Intesa Sanpaolo's €485 million mandatory conversion of its savings shares, 2018
Ferigo advised Intesa Sanpaolo in connection with the €485 million mandatory conversion of its 932,490,561 savings shares into newly issued ordinary shares of Intesa Sanpaolo at a conversion ratio of 1.04 ordinary shares for each savings shares.

CVC Capital Partners' US$3.5 billion acquisition of Recordati, 2018
Ferigo advised an investment consortium led by CVC Capital Partners in connection with its approximately €3 billion (US$3.5 billion) acquisition from the Recordati family of the holding company that owns a 51.8 percent stake in the Italian pharmaceutical group Recordati.

Strategic M&A

Eni's €4.9 billion acquisition of Neptune Energy Group, 2023
Ferigo advised Eni S.p.A. in connection with its acquisition of Neptune Energy Group Limited, a leading independent exploration and production company with a portfolio of gas-oriented assets and operations in Western Europe, North Africa, Indonesia and Australia, for a total value of €4.9 billion.

Previero's sale of a majority stake to Ambienta, 2023
Ferigo advised the sellers of Previero N S.r.l., a leading player in the design and manufacturing of plastic recycling solutions, in connection with the sale of a majority stake of the company to Ambienta SGR S.p.A., one of Europe's largest asset managers entirely focused on environmental sustainability.

GeneraLife's merger with IVI-RMA, 2023
Ferigo advised the managers and minority shareholders of the GeneraLife Group, a paneuropean KKR portfolio group active in the healthcare and human fertility business, in connection with its merger with IVI-RMA Group, a medical institution dedicated to assisted reproduction.

Esselunga's €435 million acquisition of an interest in La Villata, 2022
Ferigo advised Esselunga Group in connection with the €435 million acquisition from UniCredit of 32.5 percent of the share capital of La Villata S.p.A. Immobiliare di Investimento e Sviluppo, the real estate holding company of Esselunga Group which owns more than 80 buildings used by Esselunga as stores of GDO. Through this acquisition Esselunga Group acquires full control of La Villata S.p.A.

Libero's acquisition of an interest in Italiaonline, 2022
Ferigo advised Libero Acquisition S.à.rl., a company of the Orascom Group, in connection with the acquisition from Avenue Capital Group and GoldenTree Asset Management Lux of 27.5 percent of Italiaonline S.p.A., of which Libero Acquisition S.à.rl.  already held 72.5 percent.

GVS's €230 million acquisition of Haemotronic, 2022
Ferigo advised GVS S.p.A., a leading provider of advanced filtration solutions, in connection with the €230 million acquisition from M.E.R.A. Holding S.r.l. of Haemotronic S.p.A., which specializes in the production of components and products for the medical sector, with plants in Italy and Mexico.

Angelini Pharma's up to US$960 million acquisition of Arvelle Therapeutics, 2021
Ferigo advised Angelini Pharma S.p.A. in connection with the acquisition of Arvelle Therapeutics International Gmbh, a biopharmaceutical group headquartered in Switzerland focused on developing innovative treatments for patients with central nervous system disorders, for up to US$960 million.

De'Longhi's US$420 million acquisition of Capital Brands Holdings, 2020
Ferigo advised De'Longhi Group in connection with the acquisition of 100 percent of Capital Brands Holdings, LLC for US$420 million.

BC Partners's €1.4 billion acquisition of SOFIMA, 2020
Ferigo advised BC Partners in connection with its acquisition of a 19 percent stake of SOFIMA, the holding company that controls IMA S.p.A. for a total value of approximately €1.4 billion.

Esselunga majority shareholders' €1.8 billion acquisition of Esselunga stake, 2020
Ferigo advised the controlling shareholders of the leading Italian food retailer Esselunga S.p.A. in connection with the €1.83 billion acquisition of a 30 percent share of Esselunga S.p.A. from its minority shareholders.

Esselunga majority shareholders' €435 million sale of an interest in La Villata, 2020
Ferigo advised the controlling shareholders of the leading Italian food retailer Esselunga S.p.A. in connection with the €435 million sale of 32.5 percent interest in the real estate company La Villata S.p.A. to a financial investor.

Angelini's sale of few products marketed under registration by Sanofi, 2019
Ferigo advised Angelini S.p.A. in connection with a competitive auction for the sale and purchase of the assets related to the products BoxaGrippal tablets 200mg and 400mg, BoxaGrippal suspension and Heumann Teas, marketed or under registration by Sanofi S.A. in Germany and Austria.

FIMER's acquisition of ABB's solar inverter business, 2019
Ferigo advised FIMER S.p.A., a leader in the inverter market for the renewable energy, in connection with the acquisition of ABB's solar inverter business.

Speaking Engagements

Ferigo regularly speaks at industry conferences and seminars.

Awards and Recognition

Capital Markets: Equity
Leading Lawyer (Band 1): Chambers & Partners Global/Europe 2023
Hall of Fame: The Legal 500 2023
Highly regarded: IFLR1000 2023

Capital Markets: Debt
Hall of Fame: The Legal 500 2023
Highly regarded: IFLR1000 2023

Corporate and M&A
Recommended: The Legal 500 2023
Highly regarded: IFLR1000 2023
Ranked among the 20 most active M&A lawyers in Italy, Mergermarket 2020

Private Equity
Recommended: The Legal 500 2023