Francesco Scebba

Local Partner, Milan

Biography

Overview

Francesco Scebba is an Italian-qualified lawyer with 15 years of experience in financing transactions, securitizations and special situation transactions. Francesco also has significant experience in securitizations of receivables vis-à-vis public entities, factoring, assignment of receivables vis-à-vis public entities and general lending. He regularly assists arrangers, originators, issuers and credit enhancement providers on a broad range of securitization transactions including RMBS, SMEs, consumer loans and leasing receivables securitizations. He also advises Italian and global investment banks, special opportunities funds and hedge funds on sales and acquisitions of NPLs and distressed assets, distressed real estate projects and debt trading.

The Legal 500 2021 recognized Francesco as next generation partner in Debt capital markets and as a recommended lawyer in Banking & Finance and Restructuring and insolvency.

Bars and Courts
Italian Bar
Education
JD
University of Milan
Italy
Languages
Italian
English
German

Experience

Securitizations

Hoist Finance €225 million NPLs portfolio securitization, 2019
Francesco advised Hoist Finance in connection with a €225 million securitisation of a portfolio of Italian non-performing, unsecured loans, with CarVal Investors, LLC acting as senior investor.

Cassa di Risparmio di Asti, Cassa di Risparmio di Biella e Vercelli – Biverbanca and UniCredit Bank AG on a €1 billion securitization, 2019
Francesco advised Cassa di Risparmio di Asti S.p.A. and Cassa di Risparmio di Biella e Vercelli – Biverbanca S.p.A., as originator and underwriter, and UniCredit Bank AG, as arranger, in connection with a multi-originator securitisation of residential fondiari mortgage loans and ipotecari mortgage loans granted by Cassa di Risparmio di Asti and Cassa di Risparmio di Biella e Vercelli – Biverbanca, with a total value of approximately €1 billion.

Glennmont Partners on a securitization of performing project finance loans, 2019
Francesco advised Glennmont Partners, as equity investor, in connection with the securitization of performing project finance loans originated by Banca Popolare di Bari S.C.p.A. This transaction represents the first securitization in the renewable energy sector and included a €41.830.000 floating rate senior notes issuance and a €9.642.000 floating rate and variable return junior notes issuance.

A primary investment bank on a €1.2 billion securitization, 2018
Francesco advised a primary investment bank, as senior investor, in connection with the securitisation of €1.2 billion portfolio of non-performing loans sold by Banca Carige S.p.A. to Credito Fondiario S.p.A.

doBank on a €17.7 billion NPLs portfolios securitization, 2017
Francesco advised doBank S.p.A., as master servicer and special servicer, in connection with the securitisation of € 17.7 billion portfolio sold by UniCredit S.p.A. to Fortress and PIMCO.

Banca IMI on a €460 million securitization, 2017
Francesco advised Banca IMI S.p.A. as arranger in connection with the securitisation of a portfolio of receivables arising out of fondiari mortgage loans, ipotecari mortgage loans and unsecured loans originated by Farbanca S.p.A. for a total nominal value of €460 million.

Banks on securitizations related to GE Capital Interbanca Group's acquisition by Banca IFIS, 2016
Francesco advised Banca IMI, Citibank and Deutsche Bank, as arrangers and senior notes underwriters in connection with the securitization of (i) a €488 million portfolio of performing financial leasing and (ii) a €405 million portfolio of performing corporate loans of various nature, both originated by GE Capital Interbanca Group in relation to its acquisition by Banca IFIS S.p.A.

Deutsche Bank acquisition of €1.6 billion NPLs portfolios, 2012*
Francesco advised Deutsche Bank AG, London Branch in connection with the successful bid and acquisition, through an Italian law governed securitization structure, of seven portfolios of non-performing loans owned by Intesa Sanpaolo S.p.A. for a total value of €1.6 billion.

NPLs and UTPs sale and purchase

Intesa Sanpaolo Group and UniCredit's sale of a USD350 million NPLs portfolio, 2019
Francesco advised Intesa Sanpaolo Group and UniCredit S.p.A. in connection with the set-up of a platform for the disposal of UTP shipping loans, through the constitution of an Italian closed-end umbrella alternative investment fund, named "Fi.NAV.", reserved to professional investors and the disposal of a shipping loans portfolio for a total GBV equal to around USD350 million.

GWM's acquisition of a €91 million sub- and NPL receivables, 2018
Francesco advised an investment fund managed by GWM in connection with the acquisition from FMS Wertmanagement of sub- and non-performing loan receivables having an aggregate gross book value of €91 million and arising from five real estate loans secured by Italian real estate assets and a UK factory outlet.

*Prior joining White & Case

Awards and Recognition

Banking
Recommended: The Legal 500 EMEA 2021

Capital markets: Debt
Next generation partner: The Legal 500 EMEA 2021

Restructuring and insolvency
Recommended: The Legal 500 EMEA 2021