Studio Legale Cappelli RCCD > Milan, Italy > Firm Profile
Studio Legale Cappelli RCCD Offices
Piazza Castello, 27
20121 Milano
Italy
Studio Legale Cappelli RCCD > The Legal 500 Rankings
Italy > Capital markets: Debt Tier 1
Studio Legale Cappelli RCCD‘s DCM team acts for major Italian and foreign banks and financial institutions on a range of deals, including senior debt matters, subordinated instruments, liability management work and derivatives. Other key areas include securitisation transactions and covered bond programmes. The group’s principal advisers are structured finance specialists Paolo Calderaro and Alberto Del Din, along with banking, insurance and financial regulation expert, Michele Crisostomo
. Other names to note are Federico Morelli, who focuses on debt securities offers and listings, and securitised derivatives, and associate Martina Baldi. Fabio Zambito was promoted to partner in June 2023. Practice head(s):
Paolo Calderaro; Alberto Del Din; Michele Crisostomo
Other key lawyers:
Federico Morelli; Martina Baldi; Marcello Maienza; Stefano Agnoli; Camilla Giovannini; Elio Indelicato; Nicolò Piccaluga; Federico Di Lorenzo; Nicola Baresi; Alessandra Davoli
Testimonials
‘A legal firm with an attentive and individual approach to each transaction.’
‘Deep view of specific and complex matters, and oriented to finding practical solutions to meet stakeholders’ requests within a proper legal framework.’
‘Sound knowledge of legal matters, always framed within a global overview of the transaction from different angles (operational, commercial, etc).’
‘Marcello Maienza is a great partner to work with, thanks to his fair and constructive approach.’
Key clients
Alba Leasing S.p.A.
AMCO S.p.A.
ARECneprix S.p.A.
Assicurazioni Generali S.p.A.
Banca Finanziaria Internazionale S.p.A.
Banca Generali S.p.A.
Banca Nazionale del Lavoro S.p.A.
Banca Popolare dell’Alto Adige S.p.A.
Banco di Sardegna S.p.A.
Banco BPM S.p.A.
Barclays
BPER Banca S.p.A.
Cassa depositi e prestiti S.p.A.
Crédit Agricole CIB
Gardant S.p.A.
Goldman Sachs
Intesa San Paolo S.p.A.
Unicredit Bank AG
UniCredit S.p.A.
Vertex Partners
Work highlights
- Advised BPER Banca S.p.A. on the issue of a bond by an Italian bank under its EMTN programme.
- Advised Banca Finanziaria Internazionale, as arranger of a basket bond securitisation exercise to finance investments by 22 Italian SMEs and mid-caps.
- Advised UniCredit S.p.A. and UniCredit Leasing S.p.A. on a de-risking transaction, which related to the sale of several separate portfolios of bank and leasing receivables.
Italy > Banking and finance: Bank regulatory Tier 3
Studio Legale Cappelli RCCD‘s financial services regulation department comprises experts in the regulatory frameworks of banks, investment firms, asset managers, insurance companies and payment institutions. Michele Crisostomo is a banking, insurance and financial regulation specialist; Silvio Riolo is experienced in financial derivatives; and Gabriele Buratti advises on banks’ control systems. Alessandra Davoli regularly assists with the regulation of capital adequacy and investment services, as well as with market abuse issues.
Practice head(s):
Silvio Riolo; Gabriele Buratti; Michele Crisostomo
Other key lawyers:
Alessandra Davoli; Federico Di Lorenzo
Key clients
Intesa Sanpaolo S.p.A.
Mediobanca S.p.A:
Unicredit S.p.A
Mediocredito Centrale
Illimity Group
Poste Italiane
Bancoposta
BPER Banca S.p.A.
Banco BPM S.p.A.
Banca Generali S.p.A.
Banca Popolare di Bari S.p.A.
ViViBanca S.p.A.
Nextalia SGR S.p.A.
Work highlights
- Assisting both Unicredit and Azimut Holding with the structuring of a commercial partnership aimed at strengthening and developing UniCredit’s asset management strategy.
- Assisted Poste Italiane S.p.A. with the acquisition – through its fully owned subsidiary PostePay S.p.A. – of the entire shareholding of LIS Holding S.p.A. and LIS Pay S.p.A. from International Game Technology PLC.
- Advised BPER Banca S.p.A. on the issue of a dematerialised bond that is held in Monte Titoli (now Euronext Securities Milan) by an Italian bank.
Italy > Investment funds Tier 3
Studio Legale Cappelli RCCD‘s financial service regulation department is experienced in structuring and establishing investment funds, including credit, restructuring, turnaround, direct lending, real estate, private equity, and venture capital funds. The group also notably benefits from the firm’s experience in advising on banking, insurance and financial regulation. Gabriele Buratti, who specialises in banking, finance and collective asset management, co leads the group alongside Milan and London-based Alberto Del Din.Practice head(s):
Gabriele Buratti; Alberto Del Din
Other key lawyers:
Key clients
Hines Italy RE S.r.l.
CdpI SGR S.p.A.
Cdp Venture Capital SGR S.p.A.
Nextalia SGR S.p.A.
Fondo Italiano Investimenti SGR S.p.A.
Blue SGR S.p.A.
illimity SGR S.p.A.
Dea Capital Alternative Funds SGR S.p.A.
Pillarstone S.p.A.
Torre SGR S.p.A.
Prelios SGR S.p.A.
Banor Alternative Assets Sicav
Azimut Holding S.p.A.
Work highlights
- Assisted both Unicredit and Azimut Holding with the structuring of a commercial partnership aimed at strengthening and developing UniCredit’s asset management strategy.
- Assisted illimity SGR S.p.A. with the establishment of an Italian alternative investment fund called “illimity Capitale Rilancio” – iCR.
- Assisted Hines Italy RE S.r.l, on behalf of HEPP Real Estate Fund S.à r.l. SICAV-RAIF, with the structuring of a transaction consisting in the investment by HEPP in a to-be-set-up Italian reserved real estate alternative investment fund.
Italy > Banking and finance: Borrower side Tier 4
Studio Legale Cappelli RCCD has a significant track record in advising domestic and international corporations and groups on banking law and banking transactions. The team is co-led by structured finance expert Paolo Calderaro and Alberto Del Din, who has the ‘ability to think outside the box and find innovative solutions'.Practice head(s):
Paolo Calderaro; Alberto Del Din
Other key lawyers:
Giuliana Durand; Morena Bontorin; Deborah De Rosa
Testimonials
‘The team is distinguished by innovation and flexibility within its technical and legal solutions.’
‘The assistance is always focused and integrated in relation to both civil law and tax aspects.’
‘An important characteristic is the timeliness in responding to requests and the constant support even for day-to-day business.’
‘Alberto Del Din’s practice encompasses a broad range of transactions and expertise, from which clients experience his deep knowledge in structured finance, restructuring and banking law.’
‘Clients appreciate Alberto Del Din’s ability to think outside the box and find innovative solutions that take into account the needs of the parties.’
‘Giuliana Durand represents a very good combination of professionalism, practicality and reliability, when dealing with counterparts and the different advisors involved in transactions.‘
Key clients
York Capital Management Europe (UK)
Cedar Capital Partners
Kryalos SGR S.p.A.
21 Investimenti SGR S.p.A.
Route Capital Partners S.r.l.
Aussafer Due S.r.l.
Hines Italy RE S.r.l.
Yanez SPV S.r.l.
illimity Bank S.p.A.
UniCredit S.p.A.
Cassa di Risparmio di Bolzano S.p.A.
Crédit Agricole Italia S.p.A.
Prelios SGR S.p.A.
Gardant Investor SGR
Linus Re Debt Fund II LEV S.à r.l.
Torre SGR S.p.A.
BERP Banca S.p.A.
Banca Finanziaria Internazionale S.p.A.
Stirling Bridge S.r.l.
UniCredit S.p.A.
Nexi S.p.A.
Poste Italiane S.p.A.
Intesa Sanpaolo S.p.A.
Banco BPM S.p.A.
Banca Popolare dell’Emilia Romagna S.p.A.
Banca Popolare di Sondrio S.p.A.
Credito Valtellinese S.p.A
Italy > Banking and finance: lender or arranger side Tier 4
Studio Legale Cappelli RCCD harnesses the bench strength of its team to assist clients with margin loans, sustainability-linked loans, structured finance and syndicated loans. Paolo Calderaro advises on structured finance; Alberto Del Din works from both London and Milan; Giuliana Durand assists with real estate, project and acquisition finance; and Morena Bontorin specialises in leveraged finance.Practice head(s):
Paolo Calderaro; Alberto Del Din
Other key lawyers:
Giuliana Durand; Morena Bontorin; Deborah De Rosa
Testimonials
‘Adequate number of professionals on deals – efficient and fast delivery of legal documentation.’
‘Distinguished by the innovation and flexibility of the technical and legal solutions proposed for companies’ requirements.’
‘The assistance is always focused and integrates both civil and tax aspects. An additional important characteristic is the timeliness in responding to requests and the constant support, even for day-to-day business.’
‘Morena Bontorin is reliable and expert.’
‘Alberto Del Din’s practice encompasses a broad range of transactions and expertise, displaying deep knowledge of structured finance, restructuring and banking law.’
‘Clients appreciate Alberto Del Din’s ability to think outside of the box and his finding of innovative solutions that take into account the needs of all parties.’
Key clients
York Capital Management Europe (UK)
Cedar Capital Partners
Kryalos SGR S.p.A.
21 Investimenti SGR S.p.A.
Route Capital Partners S.r.l.
Aussafer Due S.r.l.
Hines Italy RE S.r.l.
Yanez SPV S.r.l.
illimity Bank S.p.A.
UniCredit S.p.A.
Cassa di Risparmio di Bolzano S.p.A.
Crédit Agricole Italia S.p.A.
Prelios SGR S.p.A.
Gardant Investor SGR
Linus Re Debt Fund II LEV S.à r.l.
Torre SGR S.p.A.
BPER Banca S.p.A.
Banca Finanziaria Internazionale S.p.A.
Deutsche Bank S.p.A.
Banca Nazionale del Lavoro S.p.A.
Nexi S.p.A.
Poste Italiane S.p.A.
Intesa San Paolo S.p.A.
UniCredit S.p.A.
Banco BPM S.p.A.
Banca Popolare di Sondrio S.p.A.
Credito Valtellinese S.p.A.
Italy > Private equity Tier 4
Studio Legale Cappelli RCCD's private equity practice is led by renowned lawyer Roberto Cappelli, who advises on corporate law, including the incorporation of companies and joint ventures. Cappelli, who also acts on major mergers, spin-offs and acquisitions, is supported by Guido Masini, a regular adviser to private equity funds.Practice head(s):
Roberto Cappelli
Other key lawyers:
Stefania Lo Curto; Nicola Caielli; Alessandro Antoniozzi; Alberto Elmi; Martino Liva
Testimonials
‘The people from Studio Legale Cappelli RCCD make a real difference.’
‘Their approach is absolutely professional, but smart and relevant to the needs of clients.’
‘Their ability to combine high-level technical and soft skills makes the firm a unique legal partner.’
‘It is an honour to work with such fantastic professionals and the determination of these individuals is a guarantee of success.’
Key clients
21 Investimenti SGR S.p.A.
Alvarez & Marsal
Apax Partners LLP
Apollo Global Management
Azimut Holding S.p.A.
Bregal Milestone
Carlyle Investment Management L.L.C.
CDP Group (CDP Equity S.p.A. and CDP Venture Capital SGR S.p.A.)
Crédit Agricole Italia S.p.A.
DeA Capital SGR
De Wave S.r.l.
Dromedian Fondo Italiano
Fondo Italia Venture
Fondo Italiano Consolidamento e Crescita – FICC
Fondo Italiano D’Investimento SGR S.p.A.
Green Arrow Capital SGR
HitechVision Advisory SA
iCON Infrastructure LLP
Mandarin Capital (now Mindful Capital Partners)
Nextalia SGR S.p.A.
Three Hills Capital Partners SA
Värde Partners, Inc.
Work highlights
- Advised iCON Infrastructure LLP, and its controlled company Lighthouse Terminals Limited, on the sale of of a 45% indirect stake in Spinelli.
- Advised De Wave on the acquisition of an equity stake representing 60% of the corporate capital of Wingeco.
Italy > Real estate and construction Tier 4
Studio Legale Cappelli RCCD regularly assists clients in real estate transactions, where it advises domestic and international entities, from global investment management firms to Italian real estate development companies. Real estate practice head Alberto Del Din assists clients in real estate securitisation, structured finance, transactions and project finance. Alessandro Vespa is experienced in asset management, investment funds, M&A transactions and disposals of real estate portfolios.Practice head(s):
Alberto Del Din
Other key lawyers:
Testimonials
‘Great support in complex transactions.’
‘Perfect balance between commercial and legal approach.’
‘Strong team and well prepared.’
‘Commercial acumen and strong background in all aspects.’
‘Alessandro Vespa stands out for his commercial sensitivity.’
‘The real estate department team was professional and very scrupulous.’
‘Alessandro Vespa stands out for his professionalism and ability to read the business line.’
‘The real estate team is strong in detecting client’s needs and translating them in legal outcomes.’
Key clients
Hines
Blue SGR
PRELIOS S.G.R. S.p.A.
Torre SGR
CDP Immobiliare
York Capital Management
Reale Immobili
Impreme S.p.A.
Kryalos SGR S.p.A.
CDPI SGR S.p.A.
FCMA S.r.l.
Work highlights
Italy > Restructuring and insolvency Tier 4
Studio Legale Cappelli RCCD is approached by entities with an interest in restructurings and insolvencies, including financial institutions, investment funds, borrowers and lenders, banks, financial sponsors and financial investors. The firm regularly advises on domestic and cross-border matters, covering complex insolvencies, debt restructurings, special situations and distressed M&A transactions. Alberto Del Din and Paolo Calderaro lead the practice, which includes Morena Bontorin, a debt restructuring transaction expert. In June 2023, Luca Magrini left the firm.Practice head(s):
Alberto Del Din; Paolo Calderaro
Other key lawyers:
Morena Bontorin; Antonio Azzarà; Giuliana Durand
Testimonials
‘An exceptional team.’
‘The team is very professional and attentive to the needs of the client. This spirit is shared by the whole team and is present in every single partner or associate.’
‘Alberto Del Din is a giant in the Italian structured finance and restructuring market and a legal genius. Alberto has ideas and solutions that other lawyers cannot even fathom.’
‘Antonio Azzarà is an excellent lawyer, particularly versed in anticipating potential issues.’
‘Alberto Del Din, Paolo Calderaro, Morena Bontorin and Giuliana Durand are experienced, competent and always up-to-date professionals.’
Key clients
AMPRE S.r.l.
Pillarstone Italy S.p.A.
Apollo
Varde
Europa Investimenti
DeA Capital Alternative Funds SGR S.p.A.
IQ-EQ Fund Management (Ireland) Limited and Finav Holding S.p.A.
Illimity Bank S.p.A.
Banor Alternative Assets
A2A S.p.A.
Metalcam S.p.A.
Manucor S.p.A,
Loren SPV S.r.l.
Work highlights
Italy > Commercial, corporate and M&A Tier 5
Studio Legale Cappelli RCCD’s corporate and M&A department covers acquisitions, joint ventures, investments, business sales, mergers, and spin-offs. The team also advises on M&A-related restructuring and real estate. Name partner Roberto Cappelli is a highly-regarded corporate and M&A expert, while Stefania Lo Curto focuses on corporate and commercial law.Practice head(s):
Roberto Cappelli
Other key lawyers:
Stefania Lo Curto; Guido Masini; Nicola Caielli; Alessandro Antoniozzi
Testimonials
‘The practice is made up of very competent, expert and pragmatic people. Moreover they always have a very pleasant attitude, which allows the development of very good client-practice relationships.’
‘Ability to understand the client’s needs and points of view. This is also proven by the ability to describe complex legal concepts in a language that is easily understandable by non-legal professionals.’
‘The team is focused, experienced, and characterised by an outstandingly responsive attitude.’
Key clients
A2A Energia S.p.A.
AMCO – Asset Management Company
Azimut Holding S.p.A.
Ariadne Sicaf S.p.A.
Astaldi S.p.A.
Arec S.p.A.
Banca Piccolo Credito Valtellinese S.p.A.
Borio Mangiarotti S.p.A.
CA Animation SA
Capaccioli S.r.l.
Cassa Depositi e Prestiti S.p.A.
Cinecittà S.p.A.
Credit Agricole Italia S.p.A.
Deva Capital Servicer Company S.L.U.
ENI S.p.A.
Epico S.r.l.
Eurnova S.p.A.
Evoluzione S.r.l.
Fincantieri S.p.A.
Guber Banca S.p.A.
Health Holding Company S.r.l.
Hope SICAF S.B. S.p.A.
ICA Industria Chimica Adriatica S.p.A.
Il Sole 24 Ore S.p.A.
Illimity Bank S.p.A.
Intrum Italy S.p.A.
Impreme S.p.A.
INWIT S.p.A.
ITA Airways
Leonardo S.p.A.
Magnaghi Aeronautica S.p.A.
Marcegaglia Group
Mediobanca S.p.A.
Mediocredito Centrale
Mindful Capital Partners
Nextalia SGR S.p.A.
Olivetti S.p.A.
OVS S.p.A.
Poste Italiane S.p.A.
Reworld Media S.A.
Spezia Calcio S.r.l.
TIM S.p.A.
UniCredit S.p.A.
Work highlights
- Advised both UniCredit S.p.A. and Azimut Holding S.p.A. on an asset management-related commercial joint venture.
- Advised Marcegaglia Group on the acquisition from Outokumpu Group of several steel production plants located in the UK, US and Sweden.
- Advised Poste Italiane on the acquisition of Lis Holding from IGT Lottery.
Italy > Tax
Studio Legale Cappelli RCCD > Firm Profile
Founded in Milan in May 2009 by Silvio Riolo, Paolo Calderaro and Michele Crisostomo – who were joined in February 2017 by Alberto Del Din and in October 2020 by Roberto Cappelli – Cappelli RCCD is a law firm of excellence, outstanding among its peers.
The firm is a strategic advisor to companies, financial institutions and private individuals in a number of areas of banking, finance and corporate law. Its precise and detailed understanding of how its domestic and international clients conduct their business enables Cappelli RCCD to provide advice that is comprehensive, integrated and well-suited to each single client. All this makes the firm stand apart for its ability to operate to the highest quality standards.
Since its foundation, Cappelli RCCD has advised leading participants in the domestic and international markets on the most important capital market (both equity and debt), structured finance and banking transactions that have been carried out in Italy, benefitting also from the complementary assistance provided by its litigation team, which regularly advises Italian and foreign clients in connection with the most complex and sensitive disputes relating to civil, commercial and corporate matters.
The Firm distinguishes itself in advising banks, financial intermediaries and insurance companies, both listed and unlisted, on the regulatory framework applicable to their respective markets and businesses, and
on the structuring and documenting of a wide range of financial derivatives.
The Firm has also consolidated its standing in the corporate, M&A e private equity sectors, by assisting foreign and Italian investment funds, undertakings and corporates in a wide scope of structures and transactions.
Main Contacts
| Department | Name | Telephone | |
|---|---|---|---|
| Marketing & Communication Manager | Francesca Bellecci | francesca.bellecci@crccdlex.com | +390232160400 |
| Managing Partner; Litigation - Regulatory - Derivatives | Silvio Riolo | silvio.riolo@crccdlex.com | +390232160400 |
Lawyer Profiles
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Avv Antonio Azzarà | Partner | View Profile |
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Avv Morena Bontorin | Partner | View Profile |
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Avv Nicola Caielli | Partner | View Profile |
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Avv Paolo Calderaro | Name partner | View Profile |
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Avv Roberto Cappelli | Name partner | View Profile |
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Avv Michele Crisostomo | Name Partner | View Profile |
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Avv Valentina Dragoni | Partner | View Profile |
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Avv Giuliana Durand | Partner | View Profile |
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Avv Alessandra Feller | Partner | View Profile |
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Avv Camilla Giovannini | Partner | View Profile |
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Avv Elio Indelicato | Partner | View Profile |
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Avv Marcello Maienza | Partner | View Profile |
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Avv Alessia Marconi | Partner | View Profile |
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Avv Guido Masini | Partner | View Profile |
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Avv Federico Morelli | Partner | View Profile |
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Avv Eugenio Pizzetti | Partner | View Profile |
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Avv Silvio Riolo | Name Partner | View Profile |