‘An absolutely reliable player‘, BonelliErede‘s multidisciplinary equity capital markets (ECM) practice covers IPOs, capital increases, public tender offers and stake-building processes. Vittoria Giustiniani heads up the ECM focus group, which also features Alessandra Piersimoni, a specialist in extraordinary transactions, capital market transactions and company law. Silvia Romanelli, Carlo Montagna, Gianfranco Veneziano and Federico Vermicelli are also active in ECM matters. Federica Munno is a recently promoted partner, while managing associate Alessandro Capogrosso is ‘a future star of this sector‘. Former partner Barbara Napolitano departed for Gatti Pavesi Bianchi Ludovici.
Capital markets: Equity in Italy
BonelliErede
Practice head(s):
Vittoria Giustiniani
Other key lawyers:
Alessandra Piersimoni; Silvia Romanelli; Carlo Montagna; Gianfranco Veneziano; Federico Vermicelli; Federica Munno; Alessandro Capogrosso
Testimonials
‘Knows the industry well, and its lawyers are efficient and extremely knowledgeable. Its track record proves this.‘
‘BonelliErede is an absolutely reliable player. However, its real strength lies in the preparation of its associates, especially Alessandro Capogrosso, who is a truly outstanding professional and able to make a real difference to a deal.‘
‘Clients can really rely on managing associate Alessandro Capogrosso, who has deep expertise in legal and regulatory issues, including international ones.‘
‘Alessandro Capogrosso – strong ability to manage and coordinate the different multi-disciplinary profiles of financial transactions and complex projects, with a clear understanding of financial profiles and the functioning of capital markets.‘
‘Alessandro Capogrosso has the ability to understand the financial needs and economic desires of clients, and propose innovative solutions and structures (thinking outside the box), as well as new financial funding structures and instruments, which have since became market standards – Alessandro is a future star of this sector.‘
Key clients
Investindustrial
Retelit
B F SpA
Bialetti Industrie
MFE Media for Europe
Cerved Group
Work highlights
- Assisted Generalfinance in relation to its admission by Borsa Italiana to listing on the Euronext Star Milan market.
- Assisted Investindustrial with structuring and executing a transaction aimed at completing a takeover of Guala Closures (listed on the Italian Stock Exchange).
- Advised Bialetti Industrie on the implementation of a new financial transaction envisaging the issuance of two classes of financial equity instruments (among others).
Chiomenti
Acting for issuers, placement and underwriting syndicates and guarantors, Chiomenti‘s team covers IPOs, rights issues, exchange offers, and public offerings of shares. It also advises on convertible and other equity-linked securities, and private placements. Italo De Santis is the recently-promoted ECM head, whereas Manfredi Vianini Tolomei focuses on public offerings and stock listings. Marco Maugeri is another active ECM partner, while former partners Federico Amoroso and Enrico Giordano are now of counsels. Maria Carmela Falcone and Giovanni Filippo Pezzulo were recently promoted to managing counsel and of counsel, respectively.
Practice head(s):
Italo De Santis; Manfredi Vianini Tolomei
Other key lawyers:
Marco Maugeri; Federico Amoroso; Enrico Giordano; Maria Carmela Falcone; Giovanni Filippo Pezzulo
Testimonials
‘The team is very supportive and competent.‘
Key clients
ENI
BPER Banca
Pirelli & C
Stevanato
eViso
Tesmec
The Friedkin Group
Fininvest – Finanziaria d’Investimento
CDP Equity
ECIP M
Construction Technology Group
GL Europe Luxembourg SA
Golden Tree Asset Management Lux
ASTM
Prysmian
Panaria
Alkemy
Carel Industries
SIT
Sicit Group
Snaitech
Cofide – Gruppo De Benedetti
Life Care Capital
IGD SiiQ
Giglio Group
Camfin
Mediobanca – Banca di Credito Finanziario
Saipem
Enel
Esprinet
Conafi
Terna
Citigroup Global Markets
Credit Suisse Bank (Europe) SA
Intesa Sanpaolo
BofA Securities Europe SA
UniCredit
Work highlights
- Advising Saipem in relation to a capital and financial strengthening transaction.
- Advising Dufry International on the strategic agreement for the integration between Autogrill and Dufry to create a global group in the travel retail and food and beverage industries.
- Advising Castor (as lead counsel) on the launch and implementation of a voluntary tender offer on all of Cerved Group’s shares.
Gatti Pavesi Bianchi Ludovici
Fielding a team with ‘outstanding capital markets abilities‘, Gatti Pavesi Bianchi Ludovici routinely advises on some of the market’s most important Italian takeover bids, IPOs, listings and securities placement deals. Anton Carlo Frau is ‘a valuable adviser‘; Rossella Pappagallo is a securities transactions and regulatory specialist, and Stefano Valerio is well known for SPAC sector work. During 2022, Vanessa Sobrero was elevated to partner from junior partner, while securities law expert Barbara Napolitano joined as equity partner from BonelliErede. The key ECM associates are senior Maximiliano Papini and Carlotta Corba Colombo.
Practice head(s):
Stefano Valerio; Anton Carlo Frau; Rossella Pappagallo
Other key lawyers:
Vanessa Sobrero; Barbara Napolitano; Federico Cenzi Venezze; Riccardo Salerno; Maximiliano Papini; Carlotta Corba Colombo
Testimonials
‘Very deep knowledge of multiple matters and experience of large companies that have faced important transactions.‘
‘Large numbers of professionals with diverse profiles and backgrounds, including professors from top universities and members of the most important Italian boards of directors.‘
‘A practice that develops strong talents by helping its lawyers during their learning phases, then exposing them to clients and governmental institutions, so as to enable their full growth – always looking for excellence in everything it does.‘
‘Very flexible and keen to adjust to clients’ needs – excellent partners to work with.‘
‘Outstanding capital markets abilities and strong client portfolio and networking, resulting in deep knowledge of the market’s best practices.‘
‘Anton Carlo Frau is a valuable adviser with an effective approach to legal issues.‘
‘Vanessa Sobrero is a senior professional with deep knowledge and experience of top Italian clients – analytical, solutions oriented and very balanced in her approach.‘
‘Vanessa Sobrero’s dedication and attention to the structure of transactions, as well as her care for details, add value for clients looking for external legal advisers.‘
Key clients
Assicurazioni Generali
Banco Desio e della Brianza
Edizione
ENI
Illimity
Intermonte Partners SIM
TIM
Work highlights
- Advised Edizione on the mega-value public offer for Italian infrastructure group Atlantia.
- Assisted Intermonte Partner SIM with the IPO and listing of its shares on the Euronext Growth Milan (managed by Borsa Italiana).
Linklaters Studio Legale Associato
Combining Italian, UK and US legal specialists, Linklaters Studio Legale Associato‘s Milan-based practice acts on high-stakes, high-value ECM transactions in Italy. In recent highlights, the team advised the joint global coordinators and joint bookrunners on Ariston Holding’s Euronext Milan IPO. Chair of the Italian Stock Exchange since April 2022, Claudia Parzani‘s track record includes advising major Italian and international banks and corporations on extraordinary transactions. Parzani is particularly focused on strategic and corporate governance issues, as well as ESG-related topics. Ugo Orsini and managing associate Francesco Eugenio Pasello are ‘great to work with‘.
Practice head(s):
Claudia Parzani
Other key lawyers:
Ugo Orsini; Francesco Eugenio Pasello
Testimonials
‘Ability to deal with the authorities and proactive at finding solutions to issues.‘
‘Highly capable at working in a team (considering the different professionals that are involved in an IPO process) and a strong ability to resolve problems.‘
‘True problem solvers with tireless dedication to doing things better and in the best interests of clients – out-of-the-box thinking.‘
‘Pro-activeness, dedication, collaboration and fairness are just a few features that make Linklaters’ individuals stand out.‘
‘Great experience and knowledge of capital market transactions. Always available, competent, and able to deliver within tight deadlines.‘
‘Ugo Orsini and managing associate Francesco Eugenio Pasello are great to work with – availability, experience and value-added brainstorming, which are all blended into top-notch advice.‘
‘Ugo Orsini and Francesco Eugenio Pasello have a deep understanding and experience of equity products, making them capable of proposing and discussing solutions (even innovative ones) in an effective and timely manner.‘
‘Francesco Eugenio Pasello has a positive attitude, is very intelligent at reading the room, and extremely prepared in technical aspects.‘
Key clients
Goldman Sachs International
Morgan Stanley & Co International
Safilo Group
Equita Società di Intermediazione
Nexi
UniCredit
Intesa Sanpaolo
Net Insurance
UBS
Jefferies
BNP Paribas
Mediobanca – Banca di Credito Finanziario
Stifel Europe Bank – Milan Branch
Intermonte SIM
Credit Suisse
J.P. Morgan Securities
Banca Akros – Gruppo Banco BPM
Bank of America
Work highlights
- Assisted Goldman Sachs Bank Europe SE, Intesa Sanpaolo and Mediobanca – Banca di Credito Finanziario (as joint global coordinators and joint bookrunners) and BNP Paribas, BofA Securities Europe, Citigroup Global Markets Europe and Equita SIM (as joint bookrunners) with Ariston Holding’s IPO.
- Assisted BNP Paribas, Morgan Stanley, UBS and Jefferies (as joint global coordinators) with Intercos’ IPO.
- Assisted Safilo Group with its proposed share capital increase.
White & Case (Europe) LLP
White & Case (Europe) LLP‘s sizeable US, English and Italian team covers the gamut of ECM products, including IPOs, rights issues, secondary offerings, and accelerated book buildings (ABBs). Other areas of expertise are private investments in public equity (PIPEs) and equity-linked products, including exchangeable and convertible bonds. The key partners to note are Ferigo Foscari, whose recent track record includes large IPOs on the Italian market and New York-qualified lawyer Michael Immordino, who works in both Milan and London. IPO expert Piero de Mattia. Alessandro Picchi is an experienced associate.
Practice head(s):
Ferigo Foscari; Michael Immordino; Piero de Mattia
Other key lawyers:
Evgeny Scirtò Ostrovskiy; Alessandro Picchi
Key clients
Acea
Adler Pelzer
Aéroports de la Côte d’Azur
Aeroporti di Roma
AMA
AMCO
Amissima Vita
Amplifon
Astaldi
ASTM
Atlantia
Atlas Capital Markets
Autogrill
Autostrade per l’Italia
Azimut
Banca Akros
Banca IMI
BC Partners
BFF Bank
Banca Ifis
Banca Popolare di Vicenza
Banco BPM
Bank of America Merrill Lynch
Barclays
Biverbanca
BNP Paribas
Cassa di Risparmio di Asti
Cassa di Risparmio di Biella e Vercelli – Biverbanca
Cedacri
Citigroup
Corporation America Italia
Crédit Agricole
Credit Suisse
Credito Fondiario
CVC Capital Partners
De’Longhi
Deutsche Bank
doBank
doValue
Enel and Enel X
Esselunga
E.S.TR.A.
European Investment Fund
Fire
F I S — Fabbrica Italiana Sintetici
Gamenet
Glennmont Partners
Goldman Sachs
GSO Capital Partners
GVS
Hippocrates Holding
Hoist Finance
HP Pelzer Group
HSBC
Ion Analytics, Ion Corporates, Ion Markets
Intercos
International Game Technology
IMA
Intesa Sanpaolo
Jefferies International
JP Morgan
Kedrion
Lone Star Funds
MARR
Mediobanca
Moncler
Morgan Stanley
MPS Capital Services
MotorK
Natixis
NatWest Markets
Oaktree Capital Management
Pemberton Asset Management
Philogen
Piaggio
Pininfarina
Pitagora
Plenitude
Reply
Republic of San Marino
SECO
Standard Chartered Bank
Ruffini Partecipazioni
Salcef Group
SIA
SICIT
Société Générale Corporate & Investment Banking
Società di Progetto Brebemi
TCP Lux Eurinvest
Technoprobe
Toscana Aeroporti
UBI Banca
UniCredit
Wind Tre
Work highlights
- Advising Plenitude on its IPO.
- Advised Mediobanca and Intesa Sanpaolo, as joint global coordinators and joint bookrunners, on the IPO of Technoprobe ordinary shares on Euronext Growth Milan.
- Advised Intercos on its Rule 144A and Regulation S IPO on Euronext Milan.
Clifford Chance
Comprising ‘highly skilled professionals‘, Clifford Chance‘s Milan-based team can boast Italian, US and English Law expertise. It covers the whole range of ECM work, from IPOs to privatisations, rights issues, block trades, and exchangeable and convertible bonds. The practice of finance and capital markets practice co-head, Filippo Emanuele, includes high-profile ECM matters. At counsel level, Stefano Parrocchetti Piantanida‘s ECM transactional workload includes capital strengthening operations and IPOs, and US law expert Laura Scaglioni assists with IPOs, capital increases and block trades. Jonathan Astbury is an active senior associate.
Practice head(s):
Filippo Emanuele
Other key lawyers:
Stefano Parrocchetti Piantanida; Laura Scaglioni
Testimonials
‘The capital markets team at CC is made up of highly skilled professionals.‘
‘Very keen to find well-balanced solutions so as to address the requests of all parties involved.‘
‘Counsels Laura Scaglioni and Stefano Parrocchetti Piantanida are very experienced and highly recommended professionals, who have a sound commercial attitude.‘
Key clients
Goldman Sachs International
J P Morgan AG
Banca di Credito Finanziario
UniCredit Corporate & Investment Banking
Maire Tecnimont
ABN AMRO Bank
Morgan Stanley
Credemholding
European Investment Fund
BNB Paribas
Work highlights
- Assisted the joint global coordinators and joint bookrunners in relation to Industrie De Nora’s listing on Euronext Milan.
- Advised Goldman Sachs International, J P Morgan, Mediobanca – Banca di Credito Finanziario and UniCredit Corporate & Investment Banking (as joint global coordinators and joint bookrunners) on Juventus’ capital increase.
- Advised Deutsche Bank Investment Bank, Equita SIM, J P Morgan, UniCredit Bank Milan Branch (as joint global coordinators and bookrunners) and Citigroup Global Markets (as bookrunner only) on the IPO of ordinary shares of Sisal on the electronic share market.
Gianni & Origoni
Gianni & Origoni‘s ECM practice is consistently sought out by issuers, selling shareholders and underwriters to advise on initial and secondary public offerings of equity securities. It also assists with rights issues, listing procedures and regulatory compliance issues. Paolo Bordi and Emanuele Grippo co-lead the team, which showcases Alessandro Merenda, ‘one of the best ECM lawyers in Italy‘, along with Antonio Segni and Paolo Bordi, whose broad practices include ECM work,. Mariasole Conticelli advises on financial instruments offerings and IPOs, while Andrea Bazuro and Giacomo Bizzozero are experienced associates.
Testimonials
‘The GOP team is extraordinary for its competence, timeliness and availability – always a first choice.‘
‘The team is unique for its excellent advice to clients, and is proactive during all phases of a transaction.‘
‘Individuals who are very competent and available, and always find solutions.‘
‘The team has always been very responsive and qualified. Clients consistently obtain clear and quick answers for very complex and structured international operation.’
‘A very proactive, professional and innovative team.‘
‘Alessandro Merenda is an exceptional person and one of the best ECM lawyers in Italy.‘
‘Alessandro Merenda is authoritative, competent, and collaborative.‘
‘Alessandro Merenda is a fantastic lawyer, and he has the courage to tell his clients things that many lawyers won’t.‘
Key clients
Blackstone
Biesse
BNP Paribas
Citigroup Global Markets
Deutsche Bank
Equita SIM
European Investment Bank
Goldman Sachs International
Italian Government/Ministry of Economy and Finance
Intesa Sanpaolo
Illimity Bank
J P Morgan Securities
Linkem
Make Your Credit
Mediobanca – Banca di Credito Finanziario
Morgan Stanley
Officina Stellare
Poste Italiane
Safilo
Salcef Group
Salvatore Ferragamo
Technoprobe
Tinexta
Tiscali
TPG Sixth Street Partners
UniCredit
Zetland Capital Partners
Carraro
Work highlights
- Assisted Technoprobe with the listing of its ordinary shares on Euronext Growth Milan.
- Assisted Linkem with the integration of the retail activities of Linkem Group into those of the Tiscali Group.
- Assisted Astaldi with the ECM aspects of its composition with creditors proposal and proportionate demerger in favour of Webuild.
Latham & Watkins LLP
‘At the forefront of innovative legal thinking and trends‘, Latham & Watkins LLP‘s Italian practice consistently advises on high-profile ECM transactions. The team is headed up by Antonio Coletti, who is ‘focused on resolving issues‘, and whose recent experience includes high-stakes ECM deals in the Italian market. The US practice includes Ryan Benedict, who works in both the Milan and London offices, and advises on both issuances and capital increases. Corporate finance associate Guido Bartolomei is ‘highly skilled‘, while former counsel Isabella Porchia recently departed the firm for CONSOB.
Practice head(s):
Antonio Coletti; Ryan Benedict
Other key lawyers:
Guido Bartolomei
Testimonials
‘Always well prepared, reliable, available, and at the forefront of innovative legal thinking and trends.‘
‘An extremely well-connected team that is recognised as the go-to choice for financial sponsor firms.‘
‘The capital markets team at LW comprises outstanding professionals, who have impressive technical and commercial skills, as well as knowledge of both their own matters and regulatory authority procedures.‘
‘Able to understand clients’ business perfectly, grasp the essence of any potential issue, and provide practical and effective solutions.‘
‘Antonio Coletti is focused on resolving issues. He can always be trusted to be prudent and thorough in his analysis, while also very commercial.‘
‘Antonio Coletti has a strong market reputation, and is always available to provide constructive, innovative and effective solutions for any potential issue.‘
‘Associate Guido Bartolomei is highly skilled and recommended – very committed, and always available to support clients.‘
Key clients
Bain Capital
Bank of America Merrill Lynch
Barclays
BNP Paribas
Citigroup
Credit Agricole
Credit Suisse
CVC Capital Partners
Deutsche Bank
ENI
Goldman Sachs
Gruppo Coin
Hellman & Friedman
HSBC No
International Design Group
Intesa Sanpaolo
Jefferies
JP Morgan
KeyBanc Capital Markets
Mizuho
Morgan Stanley
OVS
Partners Group
Pro-Gest
Société Générale
The Carlyle Group
UBS Investment Bank
Unicredit
Wells Fargo Securities
Work highlights
- Advised Industrie De Nora S.p.A. on the initial public offering (IPO) on the Milan stock exchange.
- Advised Euro Group S.p.A. on the initial public offering (IPO) of on the Milan stock exchange.
- Advised the bank consortium on the Initial Public Offering (IPO) of Stevanato Group S.p.A. on the New York Stock Exchange (NYSE).
Legance - Avvocati Associati
Legance - Avvocati Associati‘s Milan-based practice advises domestic and international issuers, underwriters and investors on a range of ECM transactions. Representative work includes acting on IPOs, listings and offerings. The team also has expertise in secondary market offerings, rights offerings, public tender offers, and employee stock offerings. Alberta Figari garnered an international outlook while practicing at Clifford Chance, while Giorgio Vanzanelli is a specialist in IPOs and other equity matters. At counsel level, senior Marzio Ciani acts for issuers and underwriters on ECM transactions, and Stefano Bandini‘s practice also includes ECM work.
Practice head(s):
Alberta Figari; Giorgio Vanzanelli
Other key lawyers:
Marco Sagliocca; Marzio Ciani; Stefano Bandini
Testimonials
‘Legance’s ECM department comprises extremely competent professionals.‘
‘One of its main strengths is the in-depth knowledge of clients’ businesses and needs.‘
‘Giorgio Vanzanelli is a go-to practitioner – an established lawyer, who is always able to provide valid legal advice and find a useful compromise between the company’s needs and market regulations.‘
Key clients
Amplifon
Banca Farmafactoring
BPER
BPM
Caleffi
CNHI
CTI BioPharma Corp
doValue
ENI
Eurotech
FCA
Ferrari
Gabetti
J P Morgan
Kolinpharma
Landi Renzo
Natixis
Snam
Tecma Solutions
Unipol Gruppo
Quarantacinque
CAD IT
Vantea Smart
Zignago Vetro
Work highlights
- Assisted SQ Invest, as cornestone investor, with the listing on Euronext Milan of Industrie De Nora.
- Assisted Landi Renzo with its capital increase.
- Assisted Estrima with the admission to trading of its ordinary shares on Euronext Growth Milan.
ADVANT Nctm
ADVANT Nctm‘s active ECM group is experienced in acting for issuers, selling shareholders and intermediaries. Its practice coverage comprises IPOs, private placements, and listing procedures. Heading up the team, Lukas Plattner is highly rated for his listings experience. The experience of salary partner Andrea Iovieno includes IPOs on Euronext Growth Milan, share capital increases, and other extraordinary corporate transactions. Former equity partner Alessandra Stabilini exited the firm in July 2022.
Practice head(s):
Lukas Plattner
Other key lawyers:
Andrea Iovieno
Testimonials
‘The team successfully and smoothly deals with difficult and complex transactions.‘
‘The group satisfies clients’ expectations, completing transactions as quickly as possible.‘
‘Proactivity is the team’s trade mark.‘
‘Quick understanding of specific scenarios and great lateral thinking.‘
‘Leader in the market for the Euronext Growth Italia segment (former AIM).‘
Key clients
Energy SPA
Comer Industries
Clabo
Energica Motor Company
YOLO Group
SIAV
BiFire
G M Leather
Laboratorio Farmaceutico Erfo
Nice & Green
Work highlights
- Advised Comer Industries on a complex reverse takeover procedure, following the acquisition of all of WPG Holdco’s shares.
- Acted for Energy SPA, as deal counsel, on its admission to trading on Euronext Growth Milan.
- Advised Equita SIM on the admission to trading of Defence Tech Holding on the Euronext Growth Milan market.
Dentons
Dentons‘s Italy ECM practice covers private placements, IPOs, and financial instruments’ admission to trading on multilateral trading facilities and the regulated markets. It also assists with takeover bids, and liaising with the relevant authorities. The group additionally handles corporate governance matters, along with the capital markets aspects of restructuring transactions and cross-listing procedures. The practice is headed up by ECM specialist Antonella Brambilla, which also features key counsel Silvia Pacchiarotti.
Practice head(s):
Antonella Brambilla
Other key lawyers:
Silvia Pacchiarotti
Testimonials
‘Lawyers that always have smart answers to clients’ questions.‘
‘Exceptionally strong competence and skills, the team is able to provide solutions while creating a very positive atmosphere with clients’ teams, which is an important asset, especially during crisis management.‘
‘Efficient, yet effective, time management.‘
‘Handled all aspects very well, always proving to be available and ready to solve any problem posed by clients, providing a data room for filing the documentation, and constantly sharing all progress achieved.‘
‘Dentons was chosen for its professionalism – a skilled and experienced team that really supports clients during listing processes. The lawyers manage each step, creating collaborative relationships with companies, interacting through both technology and regular meetings.‘
‘Antonella Brambilla is very available and helpful. She creates good relationships and efficient cooperation with clients.‘
‘Antonella Brambilla is appreciated for her attitude, as well as her knowledge and how she applies it to resolve issues.‘
‘Antonella Brambilla and counsel Silvia Pacchiarotti guarantee maximum availability during all phases of the work with courtesy and dedication that deserve special mention.‘
Key clients
Enel
Redelfi
ImprendiRoma
Ulisse Biomed
Met.Extra Group
EEMS Italia
Banco BPM
Pj Ability
The Italian Sea Group
CPI Property Group
Newron Pharmaceuticals
Confinvest FL
DBA Group
Work highlights
- Advised ImprendiRoma and Redelfi on the listing of its ordinary shares and warrants on Euronext Growth Milan.
- Advised Met.Extra Group on a reverse merger – contribution in kind of a stake representing 85% of Met.Extra’s share capital.
- Advised EEMS Italia on its admission on Euronext Milan of non-admitted ordinary shares.
DLA Piper
DLA Piper‘s Milan-based ECM practice advises financial institutions and issuers on a broad range of equity transactions. Representative work covers IPOs (including SPAC IPOs), rights issues, tender offers and secondary offerings/ABBs. Other specialist areas include convertible, equity-linked and hybrid instruments. The team is particularly focused on cross-border transactions, while also being noted for market abuse regulation work. Heading the group, experienced partner Francesco Maria Aleandri is an ECM expert.
Practice head(s):
Francesco Maria Aleandri
Key clients
Intesa San Paolo
Intermonte SIM
Aeroporto di Bologna
Iervolino Entertainment
Intermonte SIM
Link Mobility Group
GeneralFinance
Medica
Work highlights
- Assisted Norwegian group Link Mobility with its tender offer for (and delisting of) AMM.
- Assisted GeneralFinance with its admission to the Milan Stock exchange.
- Advised Medica on its listing process on Euronext Growth Milan.
PedersoliGattai
Comprising ‘highly reputable and skilled professionals‘, PedersoliGattai‘s ECM team has industry expertise in banking, finance, automotive, publishing, IT, and food and beverage. The department focuses on IPO and stock exchange listings, rights issues, along with equity-linked, convertible, mandatory convertible, and subordinated bonds. ECM specialist Marcello Magro and fellow equity partner Carlo Re are key names. Marta Sassella is ‘an outstanding professional‘. Nicola Brunetti has a broad ECM practice, while recently promoted Marco Ventoruzzo provides additional partner-level support.
Practice head(s):
Marcello Magro; Carlo Re; Nicola Brunetti
Other key lawyers:
Marta Sassella; Francesca Leverone; Federico Tallia; Marco Ventoruzzo; Duccio Regoli; Edoardo Brillante; Valeria Salamina
Testimonials
‘An available and competent team.‘
‘The team is competent, fast, and always able to give solid answers to clients.‘
‘Provides strong support in relation to any doubts clients have.’
‘The individuals within Pedersoli are able to build relationships with clients, who are in direct contact with lawyers that follow matters from the beginning and are always in touch with clients.‘
‘Great for its people, diversity and collaborative approach.‘
‘Extremely collaborative, professional, and able to stick to timelines.‘
‘The team comprises highly reputable and skilled professionals, who are very commercial, business oriented and easy to work with.‘
‘Marta Sassella is an outstanding professional, with thorough knowledge of her matters. She immediately understands what clients need and is able to resolve very complex issues – absolutely reliable, committed and highly skilled.‘
Key clients
Ariston Group
Ferretti Group
De Nora family
Sparkasse
Juventus Football Club
Farmaè
WIIT
WIIT Fin
Spindox
EnVent Capital Markets
Assiteca
Banca Investis
Work highlights
- Assisted Ariston Group (and shareholders) with a private placement for qualified and institutional investors, and the listing of Ariston Holding’s ordinary shares.
- Assisted Ferretti Group with its IPO in Hong Kong through the placement of over 83m shares.
- Advised the De Nora family on Industrie De Nora’s listing on Euronext Milan, through an institutional placement.
Shearman & Sterling LLP
Covering US, English and Italian law matters, Shearman & Sterling LLP‘s Italy practice has extensive experience in handling Italian IPOs. Its track record includes advising on numerous transactions involving issuers, selling shareholders and underwriting banks. The Milan office also houses expertise in rights offerings and complex recapitalisations of Italian issuers. The group is co-led by experienced ECM specialists Tobia Croff and Emanuele Trucco, while Domenico Fanuele provides additional partner-level support.
Practice head(s):
Tobia Croff; Emanuele Trucco
Other key lawyers:
Domenico Fanuele
Testimonials
‘Very proactive, client focused and commercial.‘
‘Appreciated for its precision, responsiveness and no-nonsense approach to work, thus reducing the overall response times and delivery risks.‘
‘Emanuele Trucco is always available, thinks outside the box, and proactively tries to prevent issues before they even arise.‘
‘Emanuele Trucco is technically outstanding, business savvy, always reachable, and proactive.‘
Key clients
Anima Holding
Piteco
Somec
Dedagroup
Cleary Gottlieb Steen & Hamilton
A principal figure within Cleary Gottlieb Steen & Hamilton‘s ECM practice, Pietro Fioruzzi‘s capital markets expertise includes IPOs and securities regulatory issues. At associate level, Nicole Puppieni advises Italian and international issuers (along with underwriters) on public and private equity offerings, while Rosa Parmose‘s practice includes IPO work.
Other key lawyers:
Pietro Fioruzzi; Giuseppe Scassellati-Sforzolini; Carlo de Vito Piscicelli; Nicole Puppieni; Rosa Parmose; Edoardo Filiberto Roversi
Testimonials
‘Extensive knowledge of law and associated practices.‘
‘Ability to address delicate issues by providing the client with effective action plans in a timely manner and through simple language.‘
‘Great people, competencies and availability.‘
Key clients
Juventus F C
Ermenegildo Zegna
Cassiopea
Ontario Teachers’ Pension Plan
Il Sole 24 Ore
Banca Intesa
UniCredit
Natuzzi
Castor
Falck Renewables
Asterion Industrial Partners
Work highlights
- Advised Banca Intesa and UniCredit, (as sponsors) on the listing of Iveco Group on Euronext Milan.
- Advised Juventus Football Club on its €400m rights issue of new ordinary shares without nominal value.
- Advised (as Italian counsel) the Ermenegildo Zegna Group on its business combination with Investindustrial Acquisition Corp, a special purpose acquisition corporation.
Giovannelli e Associati Studio Legale
Giovannelli e Associati Studio Legale‘s Milan-based ECM practice covers first-time listings and IPOs, rights issues, convertible securities offerings, and private placements. The key partners are Andrea Bartolucci, a specialist in advising issuers and underwriters on international and domestic ECM transactions, and Fabrizio Scaparro, whose broad practice includes ECM work.
Other key lawyers:
Andrea Bartolucci; Fabrizio Scaparro; Gianvittorio Giroletti Angeli
Key clients
Genenta Science
Intek Group
Work highlights
- Advised Genenta Science on its IPO and listing on Nasdaq.
LCA Studio Legale
LCA Studio Legale’s active practice covers Italian and international IPOs, as well as secondary offerings on regulated and unregulated markets. The team, jointly headed by Benedetto Lonato, who divides his time between Genoa and Milan, and Milan-based Andrea Messuti, also advises on private issuances, secondary listings and regulatory matters.
Practice head(s):
Benedetto Lonato; Andrea Messuti
Testimonials
‘Experienced and client-friendly team that is very well connected with SME entrepreneurs.‘
‘Good to partner with for small/mid-cap transactions.‘
Key clients
Abitare In
Planetel
Soluzione Tasse
Circle
EdiliziAcrobatica
Roth Capital
Homizy
Medica
Nusco
Racing Force
Intesa San Paolo
H-Farm
Foreverbambu
CFO SIM
Banca Profilo
Alantra
Work highlights
- Acted for Roth Capital (as bookrunner and global coordinator) and Maxim (as co-manager) on Genenta Science’s Nasdaq IPO.
- Assisted Racing Force with its IPO and listing on Borsa Italiana’s Euronext Growth Milan, as well as an associated private placement.
- Assisted Omer with its IPO on Borsa Italiana’s AIM Italia market.