Iacopo Canino | White & Case LLP International Law Firm, Global Law Practice
Iacopo Canino
Iacopo Canino

Iacopo Canino

Partner, Milan

T +39 020 068 8340

T +39 340 591 8650 (mobile)

E [email protected]

“He is very proficient in loan restructuring, high-yield bonds and security packages” (Chambers Global 2016) “He was practical, rational and logical; working with him was very smooth,” (Chambers Global 2015) “An absolutely fantastic lawyer” (IFLR 1000 2013)

Overview

Iacopo Canino is a well-regarded Italian qualified lawyer with almost 20 years’ experience in the areas of M&A and finance, debt restructurings and high yields transactions. He has advised on a broad range of M&A transactions and on leveraged finance, corporate finance, banking and debt restructuring transactions in the Italian market. 

BANKING & FINANCE:

Iacopo is widely recognized as a leading banking lawyer by legal benchmark publications having worked on a large number of the top leveraged finance transactions in the Italian market over the past decade, understanding the changing needs of clients and supporting them through the global financial downturn. Iacopo is ranked amongst the leading lawyers in Banking & Finance by Chambers Global 2018 and Restructuring & Insolvency by The Legal 500 2015. In Chambers 2015 is described as "practical, rational and logical” and sources say that "working with him was very smooth". Iacopo is recognized as a highly regarded in Banking & Finance by IFLR1000 2018.

SECURITIES TRANSACTIONS:

Iacopo is one of the very few Italian banking attorneys with specific knowledge and experience in the high yield space. In Chambers 2015 is described as "practical, rational and logical” and sources say that “working with him was very smooth” According to Chambers 2016 clients assert: "He is very proficient in loan restructuring, high-yield bonds and security packages." Iacopo is recognized as a highly regarded in Capital markets: High Yield and Financial restructuring by IFLR1000 2018.

CORPORATE M&A AND PRIVATE EQUITY:

Iacopo is highly active in the areas of general corporate and commercial law and is very well regarded for his experience in the areas of M&A. He has advised on a broad range of M&A transactions in the Italian market. 

CLIENTS:

Iacopo works with a diverse group of investment banks and corporate clients.

His investment banking clients include: Banca IMI, Banco BPM, Bank of America, BNP Paribas, Crédit Agricole, Deutsche Bank, Intesa Sanpaolo, Mediobanca, Société Générale and UniCredit.

Corporate clients include: Acciaieria Arvedi, Cifin, Fintyre, GTECH, Gamenet, Grandi Navi Veloci, Irgen Group, HP Pelzer, Italiaonline, Kiko, Moby, Octo telematics, Onorato Armatori and Wind Telecomunicazioni.

Bars and Courts

  • Milan Bar

Education

  • JD, University of Pavia, Italy

Languages

  • Italian
  • English

Experience

Banking & Finance

 

Amplifon's €528 million acquisition of GAES Group, 2018
Iacopo advised Amplifon S.p.A. in connection with its €528 million term financing for the acquisition of GAES Group.

CVC Capital Partners's €3 billion acquisition of Recordati, 2018
Iacopo advised an investment consortium led by CVC Capital Partners and including PSP Investments and StepStone, in connection with the commitment documents for the financing for the acquisition from the Recordati family of the holding company that owns a 51.8% stake in the Italian pharmaceutical group Recordati.

Open Fiber's €3.5 billion term and revolving credit facilities, 2018
Iacopo advised Open Fiber S.p.A. in connection with its €3.5 billion term and revolving credit facilities.

Caffé Borbone's €102.5 million acquisition of L'Aromatika, 2018
Iacopo advised UniCredit S.p.A., as Global Coordinator, Mandated Lead Arranger, Boookrunner, Agent and Lender, and Intesa Sanpaolo S.p.A., as Mandated Lead Arranger, Bookrunner and Lender, in connection with a €102.5 million senior facilities agreement granted to Caffé Borbone S.p.A. for the acquisition of L'Aromatika S.p.A.

Garda Plast acquisition of Ifap, 2018
Iacopo advised Crédit Agricole Cariparma S.p.A. and Banca Popolare di Milano S.p.A. in connection with the term financing granted to Garda Plast for the acquisition of Ifap.

Wind Tre's €3.4 billion senior facilities agreement, 2017
Iacopo advised Wind Tre S.p.A. in connection with a €3.4 billion senior facilities agreement consisting of a €3 billion amortizing term loan and a €400 million revolving credit facility.

CVC Capital Partners' acquisition of Pasubio, 2017
Iacopo advised the financing banks in connection with the acquisition by CVC Capital Partners of  Pasubio S.p.A.

GSO on the financing to support Polynt and Reichhold Group's merger, 2017
Iacopo advised GSO entities in connection with the funding of the biggest unitranche financing in history to support the merger of Polynt S.p.A. with Reichhold Group, businesses owned by Investindustrial and Black Diamond respectively.

 

Capital Markets

 

Gamenet's €225 million high yield, 2018
Iacopo advised Gamenet Group S.p.A. in connection with the issuance of its €225 million high yield Senior Secured Guaranteed Floating Rate Notes due 2023. The notes have been listed on the Luxembourg Stock Exchange and offered and sold pursuant to Rule 144A and Regulation S under the Securities Act.

Pedemontana's €1,57 billion project bond, 2017
Iacopo advised JP Morgan as Global Co-Ordinator, together with Banca IMI, Santander, Banca Akros and Kommunalkredit, in connection with a project bond financing for the construction of the Superstrada Pedemontana Veneta toll road. The transaction comprises the issuance of €1.221 billion variable rate senior secured amortizing notes and €350 million step-up subordinated secured notes.

C.M.C.'s €325 million high yield, 2017
Iacopo advised BNP Paribas, UniCredit Bank AG, Banca Akros S.p.A. – Gruppo Banco BPM, Banca IMI and MPS Capital Services as initial purchasers in connection with the issuance of €325 million 6% senior unsecured notes due 2023 by Cooperativa Muratori & Cementisti - C.M.C. di Ravenna Società Cooperativa.

Wind Tre's €7.3 billion high yield, 2017
Iacopo advised Wind Tre S.p.A. in connection with its €7.3 billion issuance of high yield senior secured notes, in a combination of euro-denominated fixed and floating rate notes and dollar-denominated fixed rate notes, issued pursuant to Rule 144A and Regulation S under the Securities Act.

HP Pelzer €350 million high yield, 2017
Iacopo advised HP Pelzer Holding GmbH – Adler Pelzer Group in connection with the issuance of €350 million 4.125% Senior Secured Notes due 2024, which were issued pursuant to Rule 144A and Regulation S under the Securities Act.

N&W Global Vending €370 million high yield, 2016
Iacopo advised Goldman Sachs International, Deutsche Bank AG, London Branch, Banca IMI S.p.A. and Crédit Agricole Corporate and Investment Bank as initial purchasers in connection with the issuance by N&W Global Vending S.p.A. of its €370 million 7% senior secured Notes due 2023.

 

Corporate and M&A

 

DentalPro acquisition of Doctor Dentist, 2018
Iacopo advised on DentalPro, controlled by the private equity fund BC Partners, in connection with the acquisition of the dental clinics group Doctor Dentist from its founding shareholders.

Arval 2.4€ billion acquisition of GE Capital's European fleet management activity, 2015
Iacopo advised Arval in connection with the acquisition of GE Capital's European fleet management activity for approximately €2.4 billion. The scope of the acquisition covers more than 160,000 vehicles in 12 European countries and is part of a global transaction.

Leonardo Hotel Hermitage's acquisition of Hotel Hermitage in Milan, 2015
Iacopo advised Leonardo Hotel Hermitage S.r.l. in connection with the acquisition for approximately €20 million of Hotel Hermitage in Milan, previously owned by the Monrif S.p.A.-controlled Emiliana Grandi Alberghi S.r.l. and Immobiliare Fiomes S.r.l.

 

Debt Restructuring

 

Kiko's restructuring, 2018
Iacopo advised Kiko S.p.A. on the amendment of debt facilities and a euro private placement made in relation to the acquisition of a minority interest in Kiko's share capital by Peninsula Capital. In December 2014 we also adivised Kiko on the amendments to (i) the agreements underlying its €152 million facilities agreement with lenders UniCredit, Banca Nazionale del Lavoro, Banca Popolare di Milano, Société Générale, BBVA and UBI Banca, and (ii) the agreements with noteholders of its €100 million bond also issued in December 2014.

HIIT – Holding Italiana Investimenti Tecnologici's restructuring, 2016
Iacopo advised HIIT – Holding Italiana Investimenti Tecnologici S.p.A. in connection with the restructuring of the financial indebtedness of its subsidiary Sirti S.p.A.

Zanella Confezioni acquisition, 2015
Iacopo advised Tengram Capital Partners in connection with its acquisition out of a pre-bankruptcy procedure (concordato preventivo) of the business operations and intellectual property assets of Zanella Confezioni S.p.A.

 

Awards & Recognition

Banking & Finance

Leading Lawyer: Chambers Europe 2018, Chambers Global 2018. Leading Individual: The Legal 500 EMEA 2018. Highly Regarded: IFLR1000 2018. Leading Lawyer: TopLegal 2013

Capital Markets: Debt

Recommended: The Legal 500 EMEA 2018

Capital Markets: Equity

Recommended: The Legal 500 EMEA 2018

Capital Markets: High Yield

Highly Regarded: IFLR1000 2018

Restructuring/Insolvency

Leading Lawyer: Chambers Europe 2015, Chambers Global 2015. Highly Regarded: Italy – IFLR1000 2018. Leading Lawyer: TopLegal 2013

Corporate and M&A

Recommended: The Legal 500 EMEA 2018