Maria Cristina Storchi

Equity Capital Markets

Autogrill's €600 million rights issue, 2021
Maria Cristina advised Autogrill S.p.A. in connection with its €600 million rights issue.

Pininfarina's €27 million rights issue, 2021
Maria Cristina advised Pininfarina S.p.A., an internationally renowned Italian company active in the automotive sector, in connection with its €27 million rights issue.

Intesa Sanpaolo's subscription of €600 million non-divisible share capital increase for the acquisition of Astaldi, 2020
Maria Cristina advised Intesa Sanpaolo S.p.A. in connection with the subscription to a non-divisible share capital increase, to be delegated to the Board of Directors, for a total amount of €600 million, with no pre-emptive subscription rights for existing shareholders, offered to institutional investors including its majority shareholder Salini Costruttori S.p.A., CDP Equity S.p.A. and certain banks including Intesa Sanpaolo S.p.A. aimed, inter alia, at financing the acquisition of Astaldi S.p.A.

Strategic Corporate M&A

Andrea and Alfredo Tagliabue’s sale of Tagliabue Gomme Gross, 2023 
Maria Cristina advised Andrea Tagliabue and Alfredo Tagliabue in connection with the sale of the entire share capital of Tagliabue Gomme Gross S.r.l., one of the leading Italian distributors of tires in Italy, to Global Automotive Investments Holding B.V., a leading player in the European tires and wheel distribution based in the Netherlands.

Valmet Corporation's €380 million acquisition of Körber's Group's Business Area Tissue, 2023
Maria Cristina advised Valmet Corporation, a leading global developer and supplier of process technologies, automation and services for the pulp, paper and energy industries, in connection with its €380 million acquisition of Körber's Group's Business Area Tissue. The Business Area Tissue specializes in innovative converting and packaging technologies and services for the tissue industry.

Creative Artists Agency's acquisition of CAA-GBG, 2022
Maria Cristina advised Creative Artists Agency, LLC ("CAA"), a leading global entertainment and sports agency, in connection with its acquisition of the business of CAA-GBG, one of the world's leading brand management agencies operating through a joint venture formed in 2016 between CAA and Global Brands Group.

Calcioinfinito's sale to FootballCo Media, 2021
Maria Cristina advised the sellers in connection with the sale of the entire share capital of Calcioinfinito S.r.l., an Italian football news website, to FootballCo Media Ltd., a platform focused on hosting football news sites.

Amplifon's corporate reorganization, 2021
Maria Cristina 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 sale of Geasar to F2I, 2021
Maria Cristina advised Alisarda S.p.A. in connection with the sale of Geasar S.p.A., the company that manages Olbia Costa Smeralda Airport in Sardinia, to Italy's largest independent infrastructure fund manager F2I.

Victoria's acquisition of Ceramiche Colli, Vallelunga and Santa Maria, 2021
Maria Cristina advised Victoria PLC in connection with the purchase of assets from Ceramiche Colli and Vallelunga and the purchase of the entire share capital of Santa Maria S.r.l.

AKFED's voluntary liquidation of Air Italy, 2021
Maria Cristina advised AKFED Aga Khan Fund for Economic Development in connection with the voluntary liquidation of Air Italy S.p.A. and its subsidiaries.

Victoria's acquisition of Ceramiche Ascot, 2020
Maria Cristina advised Victoria PLC, a UK-based multinational company operating in the flooring sector and listed on the London Stock Exchange's AIM market, in connection with the acquisition of Ceramiche Ascot S.p.A., the second Italian ceramic company to join the group.

Autogrill's corporate reorganization, 2018*
Maria Cristina advised Autogrill S.p.A. in connection with its corporate reorganization.

Cerved Group's corporate reorganization, 2018*
Maria Cristina advised Cerved Group S.p.A. in connection with its corporate reorganization.

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

Public M&A

De Agostini's voluntary tender offer for all the ordinary shares of DeA Capital, 2022-2023
Maria Cristina advised De Agostini S.p.A. (through an SPV, Nova S.r.l.) in connection with the voluntary tender offer for all the ordinary shares of DeA Capital S.p.A. for a total value of approximately €128 million.

Cerved's merger with Castor Bidco, 2021-2022
Maria Cristina advised Cerved in connection with the proposed merger with and into Castor Bidco S.p.A.

Sorin's €3 billion merger with Cyberonics, 2016*
Maria Cristina advised Sorin S.p.A. in connection with the €3 billion cross border merger with Cyberonics Inc. to form Livanova.

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

Financial Restructuring and Insolvency

Dema Group’s restructuring, 2023
Maria Cristina advised Design Manufacturing S.p.A., Dema Apulia Region S.r.l. and C.A.M. S.r.l. (Dema Group) in connection with the proposal for a composition with creditors before the Court of Naples, obtaining an admission order and the opening of the relevant group composition proceedings.

Gorillas Technologies Italy’s restructuring, 2023
Maria Cristina advised Gorillas Technologies Holding B.V., a holding company active in the grocery delivery business, in connection with the financial and corporate restructuring of its subsidiary Gorillas Technologies Italy.

Varvel’s restructuring, 2022
Maria Cristina advised UniCredit S.p.A. and the other financial creditors in connection with the restructuring of Varvel S.p.A., a company that produces speed reducers, gear-motors and speed variators for fixed industrial applications of small and medium power.

Compagnia Internazionale Tessuti’s restructuring, 2022
Maria Cristina advised Compagnia Internazionale Tessuti S.p.A. in connection with the reorganization of its corporate structure and the restructuring of its indebtedness for the purpose of overcoming its situation of financial distress. 

Sirti's €700 million restructuring, 2021
Maria Cristina 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
Maria Cristina advised Gemmo S.p.A. in connection with the restructuring and refinancing of its financial indebtedness.

Biancamano's restructuring, 2020
Maria Cristina 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.

Salini Impregilo, Project Italia, 2019
Maria Cristina advised 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).

Burgo Group's restructuring, 2019*
Maria Cristina advised Mediobanca - Banca di Credito Finanziario, Banco BPM, Pillarstone Italy SPV, Banca Monte dei Paschi di Siena, Intesa Sanpaolo, S.G.A. S.p.A. - Società per la Gestione di Attività and UniCredit in connection with the negotiation for the refinancing of Burgo Group S.p.A.'s indebtedness.

Alisarda's restructuring, 2017*
Maria Cristina advised Alisarda S.p.A. in connection with the restructuring of its financial indebtedness.

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

Debt Finance

Servizi Italia’s voluntary tender offer financing, 2023 
Maria Cristina advised Banco BPM S.p.A., as agent and lender, in connection with the negotiation and execution of a credit agreement related to the financing of Cometa S.r.l.’s voluntary tender offer for all the ordinary shares in Servizi Italia S.p.A., a company listed in the STAR segment of the Italian Stock Exchange and is active in the hospital services outsourcing market.

Salini's €200 million financing, 2022
Maria Cristina advised Intesa Sanpaolo S.p.A. as original lender, mandated lead arranger and security agent in connection with a €200 million term credit facility to Italian construction company Salini S.p.A.

Burgo Group's financing, 2021
Maria Cristina advised the leading European coated and specialty papers manufacturer Burgo Group S.p.A. in connection with a financing guaranteed by SACE S.p.A. under Article 1 of the Italian Liquidity Decree.

Autogrill's €300 million financing, 2020
Maria Cristina 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.

Burgo Group's €475 million financing, 2020
Maria Cristina advised a pool of lenders in connection with a €475 million term and revolving financing granted to leading European coated and specialty papers manufacturer Burgo Group S.p.A.

Il Sole 24 Ore's €37.5 million financing, 2020
Maria Cristina 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.

An Italian holding company's €500 million financing, 2020
Maria Cristina advised a holding company in connection with a €500 million revolving margin loan facility agreement with pledge on shares of a listed company.

Cerved's €713 million financing, 2020
Maria Cristina 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.

Atlantia's €16.5 billion financing, 2018*
Maria Cristina 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.

*Maria Cristina carried out these experiences prior to joining White & Case