Firms To Watch: Commercial, corporate and M&A

DWF deploys its far-reaching international network to advise on M&A, business transfers, demergers and joint ventures. Other strands of activity include corporate governance and commercial contract affairs.
L&B Partners Avvocati Associati is adept in both commercial contract and corporate transaction matters, demonstrating a particular tenacity for matters within the energy sector.
Morri Rossetti e Associati is instructed on M&A, corporate restructuring, spin-off, joint venture and strategic alliance transactions, also routinely supporting clients with commercial contract execution. 
Trevisan & Cuonzo is a go-to for commercial contract affairs, including distribution and licensing agreements, acting for a roster of multinationals, medium-sized companies and non-profit organisations.

Commercial, corporate and M&A in Italy


A domestic heavyweight with overseas offices in Brussels, London, Cairo, Dubai and Addis Ababa, BonelliErede fields a sizeable corporate department; the group caters to leading public and private companies on the full array of transactional, business and commercial law matters and is home to Umberto Nicodano whose transactional prowess spans the luxury, automotive, banking and manufacturing industries. Genoa-based Gianpiero Succi has close ties with the sub-Saharan African market while Enrico Vaccaro, a star name in Rome, is highly acclaimed for his know-how within the real estate, leisure, sport and retail spheres. Mario Roli and Elena Busson left the firm in 2023.

Other key lawyers:

Umberto Nicodano; Enrico Vaccaro; Stefano Cacchi Pessani; Eliana Catalano; Gianpiero Succi


‘The team, which includes Eliana Catalano, provides us with highest-quality, reliable and actionable legal advice for Italy; very responsive and client focused.’

‘With Eliana Catalano on your side you feel very well-equipped and safe for every situation that may evolve in any M&A-transaction.’

‘The team was very skilled and responsive throughout the transaction. Their work has been precise and to the point. Their knowledge of the relevant matters during the transaction (including corporate/M&A, capital markets and state-aid) was remarkable and the support has been valuable overall. The team has also offered very interesting seminars on corporate law matters.’

‘A great team which is capable of assisting you in all kinds of difficult negotiations. Always capable of finding good solutions.’

‘Complete coverage of different legal matters/fields – Reliability in performing tasks to agreed deadlines – Collaboration and case management among different lawyers.’

‘We’ve been assisted by a team of lawyers with an extensive experience, fully involved in all the legal and negotiation aspects of a big transaction, a big plus compared to other firms. A well diversified team both in terms of people and expertise.’

‘On top of the extensive experience they have demonstrated on the field, we’ve been able to build a solid team, able to work very well side-by-side for so many months and different situations. Always available to our needs and requests, I would mention in particular Mr. Gianpiero Succi who led the team and the negotiations with great professionalism and charisma.’

‘Enrico Vaccaro is outstanding, great support, available and competent.’

Key clients

Advent International

Ardian Infrastructure


Astorg Partners

Cassa Depositi e Prestiti

Crédit Agricole Italia



Deutsche Bank


IFM Investors







Work highlights

  • Assisted Edizione, as majority shareholder of Autogrill S.p.A., in relation to the signing of an agreement between Autogrill and Dufry AG, aimed at creating a global company in the food & beverage and retail services for travellers through a strategic business combination between the two entities.
  • Assistance to Silver Lake – US-based private equity firm investing in technology-related businesses – in entering into a definitive agreement to acquire a majority stake in from EQT VIII fund and Oakley Capital.
  • Assistance to the Australian fund IFM in the operation by which San Quirico and IFM Investors formed a strategic, long-term partnership in respect of ERG S.p.A.


Chiomenti is a transactional powerhouse with local offices in Rome and Milan in addition to international sites in London, New York, Brussels and China; its practice is jointly overseen by Massimiliano Nitti, extremely well-versed in all-manner of deals within the hotel, real estate, energy, luxury and mechanical engineering sectors, and Marco Maugeri whose industry focus lies within the banking and insurance fields. The practice is able to call upon Carlo Croff, widely respected for his M&A, corporate law, commercial contract, private equity and governance expertise, in addition to Francesco Tedeschini, a go-to for takeover bids, joint ventures, acquisitions, mergers and divisions. The group, which has significant bench strength at partner level, is also home to cross-border transaction specialist, Antonio Sascaro, as well as Edoardo Canetta Rossi Palermo, a specialist in venture capital, private equity, LBO, joint venture and divestiture deals with specialist knowledge of the technology, fashion, construction and media industries. Filippo Modulo is another key name and Luigi Arnaldo Cremona has supported on several flagship deals of late and was recently promoted to managing counsel. In a headline move, the practice welcomed Mario Roli, former practice head of BonelliErede, alongside the highly reputed Elena Busson and of counsel Livia Cocca in February 2023.

Practice head(s):

Marco Maugeri; Massimiliano Nitti

Other key lawyers:

Carlo Croff; Francesco Tedeschini; Antonio Sascaro; Edoardo Canetta Rossi Palermo; Filippo Modulo; Luigi Vaccaro; Mario Roli; Elena Busson; Livia Cocca


‘The team is always available, reactive and creative in their support.’

‘I would recommend Chiomenti for the quality of the team, above the avarage of the best Italian Law Firms, and also in terms of fees.’

‘I’ve been using Chiomenti for almost 20 years and always found the best possible assistance from all the teams involved in the different operations.’

‘Filippo Modulo’s experience and competence has always found the best solution to the different problems. Trusted 100%.’

‘Effective in leading negotiations.’

Key clients

Aedes (Group)

Allianz Group

Allianz S.P.A.


Aquila Capital Management Gmbh

Astm S.P.A.

Best In Parking & Real Estate Ag

Bnp Paribas

Bper Group

Capvis General Partner V Ltd.


Cassa Depositi E Prestiti

Cir S.P.A. – Compagnie Industriali Riunite

Coima Sgr S.P.A.

Coop Alleanza 3.0 Società Cooperativa

Dufry International AG




Flutter Entertainment Plc

Gavio Group

Henderson Group

I.C.F. S.R.L.

Investindustrial Group

Italia Trasporto Aereo S.p.A.

Julius Baer Group

Kohlberg Kravis Roberts & Co Partners Llp

Life Care Capital S.P.A.

Mediacom Communications Corporation


Prelios Group

Silver Fir Capital Sgr S.P.A.


Snam S.P.A.

The Friedkin Group

Unipol Group

Valagro S.P.A.


Warburg Pincus International Llc

Zambon Group

Work highlights

  • Advising DUFRY INTERNATIONAL AG in relation to the strategic business combination of Dufry and Autogrill.
  • Advising Atlantia in relation to the takeover bid promoted by Schema Alfa S.p.A., a company controlled by Edizione (the Benetton family holding company), through Sintonia, and the US fund manager Blackstone.
  • Advising the Flutter Entertainment Group in relation to the execution of the binding transaction documents in connection with the acquisition of 100% of the corporate capital of Sisal S.p.A., one of the primary operators in Italy in the gaming, lotteries and betting market.

Gianni & Origoni

Gianni & Origoni leverages a broad network within Italy, in addition to its global offices in London, Shanghai, Hong Kong, New York, Brussels and Abu Dhabi, to routinely partake in blockbuster deals. The team is able to call upon the firm’s dedicated focus teams for transactions concerning fashion and luxury, sports, insurance, life sciences, pharma, fintech and food, and is co-led by Francesco Gianni , Alfredo D’Aniello, Gianluca Ghersini, Gabriele Ramponi and Antonio Segni . Gianni, the firm’s founding partner, is a highly acclaimed name for both general public and public-to-private M&A and D’Aniello operates across market reshaping cross-border, LBO, tender offer, joint venture, spin-off and divestiture deals. Andrea Aiello  supplements his transactional know-how with prowess in commercial, joint venture and shareholders’ agreement drafting, whereas Raimondo Premonte, who splits his time between London and Rome, is regularly involved in significant deals involving listed companies, both Italian and foreign. The group is also home to a number of highly respected junior partners including Chiara Gianni, who has experience of representing leading domestic and multinational companies, as well as commercial contract expert, Mattia Casarosa, and Gerardo Carbonelli , who is well-versed in corporate issues pertaining to joint-stock and limited liability companies.

Practice head(s):

Francesco Gianni; Alfredo D’Aniello; Gianluca Ghersini; Gabriele Ramponi; Antonio Segni

Other key lawyers:

Andrea Aiello; Raimondo Premonte; Chiara Gianni; Mattia Casarosa; Gerardo Carbonelli; Francesco Puntillo; Kathleen Lemmens


‘Raimondo Premonte and his team are extremely satisfactory in terms of performance due to their attention to customer’s needs and always looking to provide the bast advice.’

‘They have profound knowledge of legal matters but at the same time high business judgement’

‘Francesco Puntillo is one of the best energy lawyers in Italy. He is an outstanding professional, result oriented and pragmatic on top of being very pleasant to work with even in the context of difficult negotiations and deals. He is extremely competent in the energy field bringing to the table the experience matured on a large number of transactions. Clients and advisors consider him as a point of reference. He is also extremely transparent and capable of smoothing complex negotiations’

‘Availability, quality of work, contribution to the deal team, personal touch.’

‘M&A team has unique experience especially in the public sector and they can provide overall assistance and coverage even on M&A related legal aspects (antitrust, golden powers, HR and Tax).’

‘Andrea Aiello has gained unique experience in Italy on public M&A related aspects.’

‘Alfredo D’Aniello is a star in the private equity and medium-large acquisition markets.’

‘Outstanding dedication and technical background.’

Key clients



Assicurazioni Generali

Atlantia S.p.A. (Edizione Holding)


Cassa Depositi e Prestiti

Ergon Capital

Esselunga S.p.A.

Euronext N.V.

Ferrovie dello Stato

Hitachi Ltd


LivaNova PLC

LVMH Fashion Group



Nibe Industrier

Poste Italiane

Reale Compagnia Italiana Srl



Terra Firma

Trevi Group


Telecom Italia S.p.A.

Tinexta S.p.A.

Zurich Insurance Company

Work highlights

  • Assistance to Atlantia in relation to its exit from Autostrade per l’Italia S.p.A. (ASPI).
  • Assistance to SIA S.p.A., the Italian and European leader in payment technology and infrastructure services, controlled by Cassa Depositi e Prestiti through its subsidiary CDP Equity, in relation to the merger by incorporation of SIA into Nexi.
  • Assistance to Philips in the Italian law aspects related to the transfer of the worldwide Philips Domestic Appliance business to the Chinese investment fund Hillhouse Capital.

Cleary Gottlieb Steen & Hamilton

Cleary Gottlieb Steen & Hamilton is a multinational firm headquartered in New York; its team in Italy is routinely involved in standout transactions, particularly public M&A, and has strength in sectors including TMT, energy, transport, infrastructure, pharmaceuticals and financial institutions. Roberto Bonsignore has previous experience at the firm’s New York and Brussels offices, and excels in restructurings in addition to M&A; he co-leads the team jointly with Giuseppe Scassellati-Sforzolini, who has been at the forefront of the practice since its inception in the early 90s, as well as Matteo Montanaro, who brings heavyweight expertise to cross-border, joint venture, merger and divestiture deals, in addition to tech and commercial contracts. David Singer rounds off the quartet of practice co-heads. Counsel Paolo Rainelli and senior attorney Gerolamo da Passano provide additional support.

Practice head(s):

Giuseppe Scassellati-Sforzolini; Roberto Bonsignore; Matteo Montanaro; David Singer

Other key lawyers:

Paolo Rainelli; Gerolamo da Passano


‘Creative and pragmatic; extremely intelligent and business oriented.’

‘Giuseppe Scassellati – broad experience; dynamic; responsive. Matteo Montanaro – Broad experience and business acumen.’

‘Commercial, perfect English and responsive.’

Key clients



Acciaierie D’Italia

Acciaierie Beltrame


Allianz Capital Partners


Assicurazioni Generali

Asterion Industrial Partners

Borsa Italiana




EDF Invest

EF Solare




F2i Holding Portuale

Falck Renewables

Groupama Assicurazioni



Gianni Versace

Goldman Sachs



Peninsula Capital Advisors

Smurfit Kappa


Silk Road Fund

Smurfit Kappa




Work highlights

  • Acting for F2i, the leading Italian infrastructure fund, on the acquisition of Ital Gas Storage.
  • Acted for Falck Renewables on the €2.8 billion acquisition by Infrastructure Investments Fund of the entire controlling interest held by Falck S.p.A. in Falck Renewables.
  • Acted for Asterion Industrial Partners on the acquisition and take private of Retelit (deal value around €500 million).

Clifford Chance

Clifford Chance hones its focus on high-end, cross-border deals, catering to a roster of leading corporates and investors alike. The practice is headed by Paolo Sersale, who excels in both public and private M&A, in addition to restructurings; he is supported by Umberto Penco Salvi, who is especially accomplished in construction and energy-related matters, as well as Claudio Cerabolini, who serves as a go-to for asset managers, real estate companies and private equity players. At counsel level, Filippo Isacco is also a standout name who is dual qualified as both a lawyer and chartered accountant, and Francesca Casini counts joint venture and takeover deals among her core strengths.

Practice head(s):

Paolo Sersale

Other key lawyers:

Umberto Penco Salvi; Claudio Cerabolini; Filippo Isacco; Francesca Casini

Key clients


Athora Holding Ltd.


Assicurazioni Generali

Cassa Depositi e Prestiti





Gruppo Arvedi

Infrastructure Investment Fund

ITV Studios


Macquarie Infrastructure and Real Assets

Mitsui & Co Ltd.

Partners Group

Prudential Financial




Work highlights

  • Advised Infrastructure Investment Fund, a long-term investor in infrastructure and infrastructure-related assets managed by JP Morgan Asset Management, on the acquisition of control and take private of Falk Renewables.
  • Assisted Macquarie Infrastructure and Real Assets in relation to the acquisition of a stake in the corporate capital of Open Fiber S.p.A. from Enel S.p.A.
  • Assisted the consortium set up by the Italian infrastructure fund F2i and the international fund DWS in the acquisition, from the private equity fund Permira, of Althea group, a pan-European leader in integrated services of biomedical technologies.

Gatti Pavesi Bianchi Ludovici

A team particularly accomplished within the TMT, fashion, financial services, healthcare, energy and industrial sectors, Gatti Pavesi Bianchi Ludovici is jointly led by two of the firm’s name partners, Francesco Gatti and Carlo Pavesi; the former is an all-rounder within the corporate field, acting on relevant financing, M&A, competition and contentious matters while the latter is especially well-versed in M&A, banking and insurance-related joint ventures, IPOs and demergers. Stefano Valerio excels in a wealth of deal types, including takeovers, cross-border transactions and restructurings, and Alessandra Ghezzi is a popular choice for commercial contracts, shareholders’ agreements and takeover bids pertaining to listed companies.

Practice head(s):

Francesco Gatti; Carlo Pavesi


Other key lawyers:

Stefano Valerio; Alessandra Ghezzi; Gianni Martoglia; Barbara Napolitano; Andrea Giardino


‘The firm has relevant and excellent experience in complex and multifaceted m&a transactions. The distinctive feature is to be able to combine its high expertise in corporate matters with judicial profiles and ensure comprehensive and sophisticated assistance to its client.’

‘The members of the firm with whom we have worked provide expertise and excellence in their areas, always giving added value in dealing with complex transactions. Carlo Pavesi is a standout partner.’

‘We rely on Barbara Napolitano and her team; they are modern, supportive, business oriented, flexible, very well skilled.’

‘Barbara is passionate, reliable, able to simplify complex issues, flexible and very business oriented. She is able to anticipate our needs.’

‘Great understanding of client’s needs.’

‘The firm has its point of strength in the deep knowledge of the juridical issues involved in the M&A transactions that are managed with extreme care and innovative methods. The technical skills of the professionals of the firm allow a very profitable and enriching experience when working together. The teams are always well-structured, involving professionals experienced in all relevant matters with the specific required competencies.’

‘Francesco Gatti and Stefano Valerio are outstanding professionals with excellent skills. They give crucial support to the clients from the structuring of the transactions in the most efficient way and facilitate negotiations and success of the transactions with their very deep knowledge of the practice.’

‘It is a first-level firm that offers 360-degree services (corporate, tax, antitrust, etc.).’

Key clients

Assicurazioni Generali S.p.A.

Banco BPM S.p.A.

Eni S.p.A.

Edison S.p.A.

Edizione SpA (Benetton Family)

Leonardo S.p.A.

Nextalia Sgr S.p.A.

Yoox Net-à-Porter Group

Tim S.p.A.

Legance - Avvocati Associati

Legance - Avvocati Associati fields a team with longstanding expertise in big-ticket M&A, public tender offers, investment, private equity and restructuring transactions. The practice has strength in acting for a range of clients, from sports, digital payments and banking companies to those active in transport, energy, real estate and pharmaceuticals. Senior partners Filippo Troisi and Alberto Giampieri are among the market’s most revered names for M&A, divestitures, equity offerings and joint ventures, operating alongside Andrea Sacco Ginevri, who is a key port of call for banks, listed companies and insurance entities involved in significant deals. In addition, Andrea Botti and Federica Pomero both complement their merger, joint venture, disposal and de-merger prowess with knowledge of share purchase, shareholder and investment agreements. Giacomo Gitti  is 'smart'. Counsels Stefano Bandini and Filippo Benintendi have recently supported on numerous standout transactions. Laura Li Donni, who was recently promoted to senior counsel, is also regularly involved in high-profile public and private M&A deals.

Other key lawyers:

Filippo Troisi; Alberto Giampieri; Andrea Sacco Ginevri; Andrea Botti; Federica Pomero; Laura Li Donni; Bruno Bartocci; Alberta Figari; Giacomo Gitti; Stefano Bandini; Filippo Benintendi; Sven von Mensenkampff


‘We were supported in a highly professional and responsive manner by Sven von Mensenkampff and further colleagues on an M&A deal involving a German purchaser and an Italian target. We can absolutely recommend this friendly, knowledgeable team.’

‘Sven von Mensenkampff brings with him the insights into German and Italian law and practice. He is frequently active in international settings.’

‘They deeply understand your business and your organization. The project flows with no problem due to misunderstanding, they always know what you need and what kind of help to provide.’

‘For the main part of the project, I’ve been working with Giacomo Gitti: he is the best professional I’ve ever worked with. He is hard worker but smart and very intelligent. He can adapt his deep competences to your need and to the specificity of your business and your actual situation.’

‘Excellent team and a real commitment to the client’s need.’

‘Andrea Sacco Ginevri – Rigorous approach to legal issues and, at the same time, always business oriented, ensuring the best interests of the client. He has a really strong legal background combined with an excellent knowledge of the market.’

Key clients

Abertis Infraestructuras


Advent International


Apax Partners

Apollo Global Management

Armònia SGR

AS Roma S.p.A.

Bain Capital

Banca Farmafactoring

Basler AG




Brystol – Myers Squibb


Cabot Square Capital

Cale Street Partners


Canson Capital Partners


Cassa Depositi e Prestiti


CDP Equity S.p.A.

Change Capital Partners

Charme Capital Partners

CNH Industrial

Coima Res

Costa Crociere (Carnival Group)

Credem Private Equity SGR


Deutsche Asset Management (formerly Deutsche Alternative Asset Management)

DVR Capital

Emerson Electric

Energean Oil & Gas


Fiat Chrysler Automobiles

First Reserve

Flexitallic Investment Inc.

Fortress Investment Group

Generali Group

GIC Private Limited


Green Arrow Capital SGR


Intel Corporation Italia

International and Italian banks (i.e.: Banca Monte Dei Paschi Di Siena, BNP Paribas / BNL, BPER Banca, BPM, Intesa Sanpaolo / Banca IMI, Iccrea Banca, Mediobanca, UniCredit, HSBC, Banca europea per gli investimenti, Bank Of America Merrill Lynch, Barclays, Deutsche Bank, Goldman Sachs, ING Bank N.V., J.P. Morgan, Natixis, Société Générale)


IPI Partners

IWG plc

JSW Steel

Krones Group

Lanxess AG

Lone Star

Macquarie Asset Management

Martin-Baker Aircraft Co. Ltd.

MBDA Italia


Mindful Capital Partners (formerly Mandarin Capital Partners)


Neuberger Berman


Oaktree Capital Management

Percassi Group (Atalanta)


Permobil AB


Proa Capital

Reale Mutua

RedBird Capital Partners Management LLC

Schaeffler Group

Schott AG







The Friedkin Group

Tower Research Capital

Trumpf Group


VAM Investments


York Capital Management

Work highlights

  • Assistance to Blackstone in the launch, with Edizione, of a voluntary tender offer for the shares of Atlantia, a company listed on Euronext Milan operating in the motorway and airport infrastructure sector.
  • Assistance to CNH Industrial in the demerger and listing of Iveco Group N.V. on Euronext Milan.
  • Assistance to CDP Equity S.p.A. in the context of the exit of Enel from the shareholding structure of Open Fiber, through the sale of 40% of the share capital to Macquarie Asset Management and the remaining 10% to CDP Equity, which increased its stake to 60%.

Pedersoli Studio Legale

Pedersoli Studio Legale is geared to support at all stages of extraordinary transactions, from structuring and due diligence through to antitrust and post-closing matters. The practice is experienced in a number of sectors, including fintech and financial services, real estate, healthcare, automotive, media and telecoms, and is also accomplished within aviation and aerospace, owing to the dedicated expertise of Ascanio Cibrario. Antonio Pedersoli leads the firm’s dedicated China practice, acting for several PRC state-owned entities, meanwhile Carlo Pedersoli is widely regarded as a go-to for banking-related transactions. Giovanni Pedersoli ’s admittance to the New York Bar makes him a go-to for cross-border deals, with Luca Saraceni serving as a key port of call for leading energy sector clients. Luca Rossi Provesi and Marta Sassella are well-regarded among clients.

Other key lawyers:

Ascanio Cibrario; Antonio Pedersoli ; Carlo Pedersoli; Giovanni Pedersoli; Luca Saraceni; Eugenio Barcellona; Andrea Gandini; Alessandro Marena; Carlo Re; Diego Riva; Luca Rossi Provesi; Marta Sassella


‘Pedersoli provided us with first class assistance in corporate and M&A matters through its professionals in the Milan office. The assistance provided is both domestic and international, with efficient synergies with leading foreign firms.’

‘Valid and highly skilled professionals who provide their assistance in all the main legal areas, often anticipating the needs and solving problems that any client may encounter.’

‘Ascanio Cibrario is a very sharp and always available professional who coordinate his resources efficiently in order to offer his clients the best assistance. He is a first rate, good and reliable professional with extraordinary negotiating skills.’

‘The entire team is composed of capable and reliable professionals who are available across the board and attentive to clients’ need.’

‘Luca Rossi Provesi is a particularly talented and always helpful lawyer. He constantly makes his know-how and expertise available to deal with the issues we submit to him, ensuring continuous and profitable assistance.’

‘Luca Rossi Provesi – I had the pleasure to work with Luca across several deals. His incredible rigor and exceptional commitment, helped my team achieve best terms. Luca was clearly driving toward collective success and wouldn’t stop in front of any challenge. I also appreciated Luca for his strong empathy and ability to adapt to different circumstances.’

‘Andrea Gandini is a very proficient, stringent and brilliant legal partner. He has been supporting us for more than 7 years and has become a very important counsel in our Italian business exploration. He always gives us the best choices in Italian business from the legal perspective. He answers our questions and doubts in the most efficient and patient way.’

‘Ascanio Cibrario is outstanding and we always rely on his experience, ethic and competence. He is a first-rate, great and reliable professional with extraordinary negotiating skills.’

Key clients

Intesa Sanpaolo


Kedrion’s shareholders


The Related-Parties Committee of Acea


Fideuram – Intesa Sanpaolo Private Banking

Plurima’s stakeholders

The Etro family



GEDI Gruppo Editoriale


Bravo Capital Partners

Campari Group

Affidea Group

Industry 4.0 Fund (Quadrivio Group)

Astidental Bquadro

Work highlights

  • Assistance to Cassa di Risparmio di Bolzano S.p.A. – Sparkasse in the takeover transaction for the acquisition of the majority of the corporate capital of Banca di Cividale S.p.A. – Benefit Corporation (CiviBank) with reference both to public voluntary all-share purchase offers promoted by Sparkasse on all ordinary shares and warrants of CiviBank and the proceedings for precautionary measures brought by CiviBank before the Regional Administrative Court of Lazio.
  • Assistance to Intesa Sanpaolo in an agreement for the acquisition of Mooney, an Italian group specialising in proximity banking & payments, subscribed together with Enel, in a deal valued at around EUR 1.385 billion.
  • Assistance to Kedrion’s shareholders in the sale of Kedrion to Permira and in the reinvestment of the Marcucci family together with FSI in the new group as a result of the merger between Kedrion and BPL, in a deal valued at around EUR 2.4 billion.


Leveraging a presence in London, Rome, Milan and Shanghai, ADVANT Nctm is geared to support on M&A, corporate finance, investments and divestments. The practice is active in a number of sectors, regulated and non-regulated alike, and these include ICT, telecoms, pharmaceuticals, energy, healthcare and manufacturing. Practice head Matteo Trapani  is admitted to both the New York and Italian bars and has transacted over 60 prominent deals since 2017; he is supported by senior partner, Paolo Montironi, whose expertise spans restructurings, major acquisitions and LBOs, as well as Alberto Toffoletto, a firm founding partner who is extensively experienced in both domestic and cross-border deals.

Practice head(s):

Matteo Trapani

Other key lawyers:

Paolo Montironi; Alberto Toffoletto; Pietro Zanoni; Alessia Trevisan; Eleonora Sofia Parrocchetti


‘Pietro Zanoni is recommended for his availability, industry knowledge and excellent negotiating skills.’

‘Ability to explain every detail to the client and high support to customer needs’.

‘High competence, punctual, practical.’

‘The team has supported us for a number of years. I have been impressed with their drafting in English. Their legal advice is timely and to the point. I have found them to be very helpful in explaining points of Italian law and process.’

‘Matteo Trapani has provided excellent legal support: he is commercial, his memos are clear and concise, he is prompt and makes himself available at short notice. We have worked with Matteo over a number of years and found him to be very good.’

Key clients

Falck Group

International Game Technology

CRIF – Centrale Rischi Finanziari S.p.A.

Cogne Acciai Speciali

Vision Group S.p.A.

Lifestyle Design (Poltrona Frau)

SGL Carbon SE

Chequers Capital

LBO France

Ambienta SGR

Work highlights

  • Assisted Falck S.p.A. in relation to the sale of its participation (approximately 60% of the entire stake) of Falck Renewables S.p.A. to Infrastructure Investment Funds (IIF), international long-term investor in infrastructure and related assets, for an overall value of EUR 3.38bn.
  • Assisted International Game Technology, International company global leader in gaming and listed on the New York Stock Exchange, in relation to the sale of the entire stake of LIS Holding S.p.A., an Italian fintech company specialised in proximity payments, to Poste Italiane for an overall value of EUR 700 million.
  • Assisted CRIF – Centrale Rischi Finanziari S.p.A., an Italian company that provides support for the provision and management of consumer credit, in relation to the acquisition of the Credit Information and Management’s branch, which offers business information and technical-estimative services in real estate, from Tinexta for an overall value of EUR 237,5 million.

Allen & Overy - Studio Legale Associato

Allen & Overy - Studio Legale Associato covers M&A, disposals, joint ventures and private equity buyouts, both domestic and multinational. The teams in Milan and Rome are supported by the firm’s expansive international network and direct particular emphasis towards the TMT, real estate, insurance, consumer goods and energy industries. Giovanni Gazzaniga, Paolo Ghiglione and Paolo Nastasi jointly co-head the practice and are supported by standout counsel Antonio Ferri.

Practice head(s):

Giovanni Gazzaniga; Paolo Ghiglione; Paolo Nastasi

Other key lawyers:

Antonio Ferri


‘Super attentive and experienced team that provides practical high-level advice but also willing to jump into the nuanced details of a particular transaction and guide the client further where appropriate.’

‘Giovanni Gazzinga is a great partner and very pleasant person to work with. His availability is fantastic and he always has practical solutions for complex issues.’

Key clients





Business Integration Partners

Davide – Campari Milano


MIR Capital

Starwood Capital

The Riverside Company

Wolters Kluwer

Work highlights

  • Advised the funds managed by Apollo Global Management, through newco Rimini Bidco S.r.l., on the acquisition of a majority stake in Reno De Medici, a leading producer of recycled cardboard in Europe dual-listed on the Italian and Madrid stock exchanges, from its two top shareholders.  
  • Advised on the EUR1.3bn multi-deal disposal of Aviva insurance business in Italy to Allianz, UBI Banca, Intesa Sanpaolo and CNP and relevant renegotiation of the bank assurance partnership with UniCredit.
  • Advised Hitachi Rail on the agreement to transfer Alstom’s business activities associated with Bombardier Transportation’s contribution to the V300 ZEFIRO very high-speed train to Hitachi Rail.


One of the largest firms globally, Dentons fields a global corporate and M&A practice of over 1,500 lawyers worldwide. Its team in Italy has notable strength in reorganisations, mergers, private equity deals, acquisitions and capital market transactions, leveraging the leadership of Alessandro Dubini, an expert in extraordinary transactions, corporate governance and commercial contracts. He is supported by Pier Francesco Faggiano, a founding member of the Italian practice who is especially well-versed within the food and beverage, manufacturing and healthcare industries.

Practice head(s):

Alessandro Dubini

Other key lawyers:

Pier Francesco Faggiano; Luca Pocobelli; Barbara Urselli; Claudio Segna; Stefano Ambrosioni; Junyi Bai


‘Prepared and capable.’

‘Luca Pocobelli is always available and always highly prepared, excellent synthesis skills, ready for dialogue putting the customer at ease.’

‘Dentons’ Team is unique in its ability to understand our needs and advise in every circumstance, a trusty partner in our deals.’

‘Alessandro Dubini and the team are not only brilliant corporate lawyers but are also able to understand people’s needs and their ability to understand and adapt is unique. Those skills are the main reasons for us to choose them.’

‘Luca and the team, in addition to demonstrating great professionalism and availability, demonstrated a deep knowledge of the subject matter and the ability to guide the client in the right direction.’

‘The strengths of Luca Pocobelli who led the team were the competence of the people he involved in the project and his ability to understand the ultimate goals of the project and in guiding us through the different choices by carefully explaining the different aspects. Luca and the team always proved to be knowledgeable and helpful, giving us a strong sense of confidence in the choices made.’

‘Stefano Ambrosioni s a talented, extremely knowledgeable, constructive and hands-on practitioner whose practice encompasses high-value acquisitions as well as sophisticated regulatory matters.’

‘Very strong ability to listen to identify the client’s objectives at the outset, understand the key legal and strategic issues with timely delivery. Very strong leadership and communication skill. Per Francesco Faggiano builds trust in the client with a strong relationship even if the transaction has ended.

Key clients


Intesa Sanpaolo

ENI S.p.A.

Starwood Capital


Annabel Holding

Piombifera Italiana S.p.A.

Busell LLP

Rigamonti Salumificio S.p.A.

Shanghai Xingmin Intelligent Technology Co., Ltd

Digital Railway Solutions AG


ORA Developers

Rai Way S.p.A.

Laser Digital Film S.r.l.


Motorola Solutions, Inc.


Saipem S.p.A.



Work highlights

  • Advising Saipem in relation to a project consisting of the spin-off of the client’s onshore drilling division in 14 countries, as part of the transaction for the sale of the division to the KCA Deutag Group.
  • Advising Lavazza on its joint venture with YUM China with the purpose of speeding up the expansion of Lavazza’s coffee shop network in China, aiming to open 1,000 stores by 2025.
  • Advising Beretta on the acquisition of 100 percent of Swiss-based Ruag Ammotec.

DLA Piper

DLA Piper has offices in Rome and Milan; the practice has in-depth knowledge within the real estate, industrial, aviation, energy and pharmaceuticals sectors, among others, and is geared to support on both M&A and private equity deals. Giulio Maroncelli heads the department; he has a track record handling standout wind, hydroelectric and solar portfolio transactions. He is supported by Danilo Surdi, who has knowledge of transactions pertaining to owner-managed businesses.

Practice head(s):

Giulio Maroncelli

Other key lawyers:

Danilo Surdi; Matteo Almini; Christian Iannaccone


‘Deep knowledge of the area, flexibility, out of the box thinking, problem-solving attitude’

‘Danilo Surdi: great professional with outstanding competences, proactive, flexible, innovator.’

‘Each project is organized with a multidisciplinary group. This allows is to cover legal, economics and risks of the transaction. Flexible costs, also.’

‘Availability 24×7.’

Key clients

ERG S.p.A.


HIG Capital

GEA Group


A2A Rinnovabili S.p.A.

EDP Energia Italia S.r.l.

Assicurazioni Generali S.p.A.

Canada Pension Plan Investment Board (CPP Investments)

Milano Santa Giulia S.p.A.

Equitix European Infrastructure I GP S.a.r.l.


Staff S.r.l.

City Football Group Limited

Work highlights

  • Advised SACE S.p.A. on (a) the disposal by Cassa Depositi e Prestiti S.p.A. of a majority equity interest in SACE S.p.A. to the Ministry of Economy and Finance and (b) the corporate reorganisation instrumental to such a disposal.
  • Advised ERG Power Generation on the sale to ENEL Produzione S.p.A. of 100% of ERG Hydro S.r.l., owner of 527 MW of hydro plants in operation in Italy.
  • Assisted EDP Group in the sale – through a cross-border tender process – to ERG Power Generation S.p.A. of 7 companies, owner of 7 wind farms

Gattai, Minoli, Partners

At Gattai, Minoli, Partners, the corporate and M&A department is led by managing partner Bruno Gattai, who is widely considered one of the market’s key names for private equity-related deals; he is supported by Luca Minoli, who is noted for his prowess in deals concerning the manufacturing, engineering, energy and construction sectors. Federico Bal acts for both domestic and overseas companies in respect of multi-jurisdictional deals, and Damiano Battaglia is a promising counsel with knowledge of both transactional and commercial contract affairs. The group is also well-versed in corporate governance, concerning both listed and unlisted companies, and also handles joint venture agreements.

Practice head(s):

Bruno Gattai

Other key lawyers:

Luca Minoli; Federico Bal; Damiano Battaglia; Gerardo Gabrielli


‘Very responsive in the overseas counsel role on an M&A deal.’

‘Gerardo Gabrielli – Very good availability and involvement.’

‘Collaboration and professionality.’

Key clients


Bain Capital

Intermediate Capital Group (ICG)




Clessidra Private Equity








Hogan Lovells International LLP

Hogan Lovells International LLP’s team in Italy has been particularly active in the energy and insurance industries of late and is led by Luca Picone, a go-to for cross-border M&A, de-mergers, tender offers and LBOs. At counsel level, Martina Di Nicola is a standout name with a particular focus on sale and purchase agreements, corporate reorganisations and joint venture endeavours. Leah Dunlop and Antonio Di Pasquale departed in September 2022.

Practice head(s):

Luca Picone

Other key lawyers:

Francesco Stella; Martina Di Nicola


‘The team has demonstrated a very unique approach in all the projects in which we worked together. Pragmatism and smart reaction to new clients’ requests confirm the strong capability and high skills of HL’

‘All partners demonstrated their competencies in working on an international deal. The possibility to involve colleagues from other countries was really important. The relationship and the one firm approach among partners in HL and level of competencies around the world confirm that all the partners and their wider team are outstanding.’

Key clients

Enel S.p.A

IBM Corporation

Cooper Standard Automotive Inc

Dana Incorporated

Dell Technologies

DGS S.p.A.

Giuntini S.p.A.

Daimler AG

Kiepe Electric GmbH

AmerisourceBergen Corporation

BNP Paribas Cardif

BNP Paribas/BNL

CNP Assurances

Infrastrutture S.p.A.

Fressnapf Beteiligungs GmbH

Argo Group

Newlat Food S.p.A.

Sompo International

MicroVention Europe

Dagmar Vogt Vermögensverwaltungs GmbH

The Q8 Group

Hyle Capital SGR S.p.A.

Valiani S.r.l.

Bending Spoons S.p.A.


Confezioni CAM s.r.l.

Confezioni Elledue s.r.l

Work highlights

  • A French/Italian cross-border team advised CNP Assurances on the acquisition from the Aviva Group of their life insurance businesses in Italy. The transaction perimeter includes 51% of Aviva S.p.A., a life insurance company in which UniCredit S.p.A. holds 49%; and 100% of Aviva Life S.p.A., a life insurance company and Aviva Italia Servizi S.c.a.r.l., which provides business support services to the two insurance companies.
  • Assisted Enel in the acquisition by Enel Produzione S.p.A. of the entire share capital of ERG Hydro S.r.l..

Latham & Watkins LLP

Latham & Watkins LLP is a US-headquartered firm with a track record in representing both Italian and multinational clients. The practice is co-led by Stefano Sciolla, who is a key name in the private equity space, and is also adept in corporate M&A and joint ventures, and Giorgia Lugli, who is particularly well-versed in multi-jurisdictional deals involving highly regulated industries. A further standout practitioner is Giancarlo D’Ambrosio, who has in-depth expertise of the sports and entertainment, media and fashion fields, acting on a variety of merger, divestiture, corporate governance and capital market transaction affairs.

Practice head(s):

Stefano Sciolla; Giorgia Lugli

Other key lawyers:

Cataldo Piccarreta; Giovanni Sandicchi; Giancarlo D’Ambrosio

White & Case (Europe) LLP

White & Case (Europe) LLP forms a piece of a global corporate and M&A team, consisting of over 500 lawyers globally; its lawyers in Milan work in close tandem with their colleagues aboard and excel on public M&A, private equity and venture capital deals, demonstrating distinct accomplishment in pharma, healthcare and infrastructure-related deals. The team is home to Leonardo Graffi, qualified in both Italy and New York, who is also adept in banking, insurance, retail and aviation, as well as Alessandro Seganfreddo who acts for a number of consumer product, technology, media and telecommunications players; the duo co-head the team alongside Ferigo Foscari, Michael Immordino and Maria Cristina Storchi. At associate level, Sara Scapin supplements her transactional know-how with knowledge of commercial contracts and golden power regulations.

Practice head(s):

Ferigo Foscari; Leonardo Graffi; Michael Immordino; Alessandro Seganfreddo; Maria Cristina Storchi

Other key lawyers:

Sara Scapin; Andrea Pretti; Caitlin Powell Gimpel


‘Hands-on, knowledgeable, proactive.’

‘The Italian M&A team is excellent, proactive, business oriented with practical solutions that help to overcome any difficulty with the counterparties. Total commitment in terms of time and senior resources to the deals’

‘Leonardo Graffi is outstanding in negotiation and in addressing the critical issues of a deal.’

Key clients

Accelero Capital

Antin Infrastructure Partners

Ardian Growth Capital

BC Partners


CDP Venture Capital

CEE Equity



CVC Capital Partners

Evolution Equity Partners


IK Investment Partners


LionRock Capital

Macquarie Asset Management

Muzinich & Co.

NB Aurora

Oaktree Capital Management

PAG Asia

PFH Palladio Holding

Peninsula Capital

ProA Capital


Trilantic Capital Partners


White Bridge Investments


Banco BPM

Goldman Sachs

Intesa Sanpaolo

JP Morgan


Work highlights

  • Represented international investment firm BC Partners LLP on its co-controlling investment, together with US global private investment firm Bain Capital Private Equity, in Fedrigoni S.p.A. The transaction involves the divestment in Fedrigoni by Bain Capital through the Bain IV fund, and the subsequent investment by BC Partners and Bain Capital’s Bain VI fund.
  • Represented Enel X S.r.l. in connection with the envisaged carve out of Enel S.p.A. public e-mobility business into Blaze Holding S.p.A., an Italian holding newly incorporated subsidiary of Enel S.p.A. and its subsidiaries and the subsequent IPO or De-SPAC of Blaze Holding S.p.A. Enel X S.r.l. is a company that belongs to the Enel Group.
  • Represented the leading Italian food retailer Esselunga Group in connection with the €435 million acquisition from UniCredit of 32.5 percent of the share capital of La Villata S.p.A. Immobiliare di Investimento e Sviluppo, the real estate holding company of Esselunga Group which owns more than 80 buildings used by Esselunga as stores of GDO.

Studio Professionale Associato a Baker & McKenzie

Studio Professionale Associato a Baker & McKenzie is proficient in handling transactions in several sectors, though it has a particular emphasis on TMT-related deals. The practice, which is active in M&A, corporate reorganisations and corporate assignments, is also able to leverage Pietro Bernasconi’s expertise in the fashion and luxury, real estate, hotel and industrial sectors; he co-leads the team jointly with Raffaele Giarda whose specialist fields include commercial contracts, mergers, spin-offs and cross-border deals. Counsel Anna Marina De Vivo is a standout at the more junior end and is well-versed in a number of transaction types, including de-mergers, divestitures and transfers of business.

Practice head(s):

Pietro Bernasconi; Raffaele Giarda

Other key lawyers:

Paola Colarossi; Alberto Semeria; Anna Marina De Vivo


‘The corporate team at BM have the capability to understand business needs and provide innovative solutions to complex M&A structures. I would highlight their availability and involvement of senior/counsel members of the team in the deals from day one up to closing.’

‘The BM team is a diverse team with outstanding women leading the new era of M&A transactions in Europe.’

‘Anna Marina de Vivo is a top class lawyer. She provides top-notch assistance in complex matters and also in day to day business advice. I would highlight her technical skills and deep knowledge of corporate law, providing flexible and business adapted advice.’

Key clients

Donaldson Company

Caterpillar Sarl

Breville Group

Gruppo Statuto


L. Brüggemann GmbH & Co. KG

Nalco Italiana

BizLink Holding Inc.

ALSO Holding

Work highlights

  • Advised Donaldson Company, Inc. on the acquisition of Solaris Group.
  • Advised Caterpillar on the sale of the Caterpillar plant in Jesi and transfer of some labour relations to Imr Industriale Sud, with a collective dismissal procedure and the Ministry of Economic Development (MISE)’s involvement.
  • Advised L. Brüggemann GmbH & Co. KG on the acquisition from Eigenmann & Veronelli of the entire share capital of Auserpolimeri.


CMS' team is adept in both the top-end and middle-markets, with specific expertise of the energy, construction and engineering, life sciences, automotive, transport and healthcare industries. Pietro Cavasola leads the practice; he has extensive experience of M&A, private equity and joint venture transactions, in addition to general corporate law and commercial contracts.

Practice head(s):

Pietro Cavasola

Other key lawyers:

Matteo Ciminelli; Dietmar Zischg; Paolo Scarduelli; Daniela Murer; Massimo Trentino


‘In general, clients can always count on CMS Italy’s professionals’ knowledge and capabilities. Special mention has to be recognized to Mr. Massimo Trentino, truly outstanding lawyer with also remarkable business acumen’

‘Lateral thinking, problem solving and client oriented team.’

‘Problem solving and strong capability at 360 degrees.’

Key clients


Synlab Holding Italy S.r.l.

Wieland AG

Atlantica Energia Sostenibile Italia S.r.l.

Duferco International Trading Holding – DITH

Hill’s Pet Nutrition

Thales Italia SpA


Encavis AG

Step S.p.A.

Total Eren SA and Manca di Villahermosa Srl

Century Park Capital Partners

Norres, a portfolio company of Triton Smaller Mid-Cap Fund I

Wartsila APSS S.r.l.

Melitta Group


Work highlights

  • Assisted Volkswagen on its joint venture with Enel X concerning the joint implementation of a high-power (100 kW+) charging infrastructure in Italy, consisting of more than 3000 charging points, to be implemented by the end of 2025.
  • Assisted Hill’s Pet Nutrition on the acquisition of the Nutriamo S.r.l. production plant in the province of Mantua.
  • Assisted Synlab Holding Italy S.r.l. with the acquisition of the entire corporate capital of Tronchet Group, a group of 11 companies active in diagnostics and rehabilitation.

Curtis, Mallet-Prevost, Colt & Mosle LLP

Curtis, Mallet-Prevost, Colt & Mosle LLP has a presence in both Rome and Milan, and predominantly focuses on mid-cap transactions. The practice excels within the real estate, corporate, transport, TMT and energy sectors and is headed by Alfonso de Marco. The team handles M&A, joint ventures, buyouts and corporate finance.

Practice head(s):

Alfonso de Marco

Other key lawyers:

Dino Dima; Carmine Gravina; Daniela Della Rosa; Giovanni Sagramoso


‘Client-oriented, focused, knowledgeable’


Key clients

Tim S.p.A.

Engineering Ingegneria Informatica S.p.A.

CDP Venture Capital SGR S.p.A.

Tirelli S.r.l.

Area Studio LCC

Luxury Federated Warehouse S.r.l.

North Sails Apparel S.p.A.

Ikonic S.r.l.

Tivoli Group S.p.A.

Chalhoub Group


Smit Draad B.V.

Petrone Group – Grafiche Pizzi

Work highlights

  • Advised Terna S.p.A. on the dismissal of the entire share capital of six subsidiaries operating in South America.
  • Advised Engineering Ingegneria Informatica S.p.A. on the acquisition, through its American subsidiary Engineering USA, of the Movilitas group from the American private equity fund Keystone Capital.
  • Advised TIM S.p.A. on the acquisition of two lines of business of BT Italia S.p.A.

Greenberg Traurig Santa Maria

Greenberg Traurig Santa Maria handles public and private M&A deals, in addition to private equity transactions. The team is a popular choice for transactions related to the life sciences, financial services and healthcare sectors, including digital health, and is co-led by Luigi Santa Maria and Mario Santa Maria; the former also provides the group with joint venture and corporate reorganisation capabilities, while the latter is also admitted to practice in New York and has a track record handling cross-border deals.

Practice head(s):

Luigi Santa Maria; Mario Santa Maria

Other key lawyers:

Pietro Caliceti; Carlo Scaglioni; Francesca Torricelli; Alessandra Boffa


‘A team with different professional skills, able to work harmoniously under pressure together to reach the target.’

‘Mario Santa Maria has a strong business orientation view; he is able to anticipate problems and devise creative solutions with an open mind.’

‘The team is extremely capable, competent and supportive.’

‘The team is extremely competent and available at all levels.’

‘The team is exceptional. Alessandra Boffa was crucial in our deals over the years. She is a skilled problem-solver.’

‘Ability to flex structure to meet clients’ need and expectation. Pragmatism and commercial acumen to the top level.’

‘Studio Grennberg Traurig Santa Maria has the remarkable advantage of being prompt in replying and understanding the client’s needs.’

‘Francesca Torricelli is very responsive, with a key multidisciplinary approach. She is a go-to for corporate advice and M&A transactions, as well as for business-critical matters.’

Key clients

Mini Hotel Group

C.D.I – Centro Diagnostico Italiano S.p.A


Real Term Logistics

China Grand Pharmaceutical and Healthcare Holding Limited

Progress Profiles S.p.A

Work highlights

  • Representation of the Mini Hotel Group in the negotiation and execution of the framework agreements and contracts for the leasing of the business as a going concern of four hotels owned by Mini Hotel in favour of B&B Hotels Italy S.p.A.
  • Representation of C.D.I. – Centro Diagnostico Italiano S.p.A. – in its acquisition of Centro Medico SME – Diagnostica per Immagini S.r.l. Società tra Professionisti.
  • Advised Affide on the acquisition of a portfolio of branch properties from UniCredit.

LCA Studio Legale

Active on domestic and cross-border deals alike, LCA Studio Legale excels in M&A, contractual and corporate joint ventures, restructurings, corporate governance, investment and financing mandates. The practice is headed by Daniele Bonvicini, Andrea Carreri and Vittorio Turinetti di Priero and is especially active in the food and beverage, manufacturing, technology and telecoms sectors. Leah Dunlop and Antonio Di Pasquale arrived from Hogan Lovells International LLP in September 2022.

Practice head(s):

Daniele Bonvicini; Andrea Carreri; Vittorio Turinetti di Priero

Other key lawyers:

Edoardo Calcaterra; Leah Dunlop; Antonio Di Pasquale


‘I always found competence and support at all levels, from both senior partners and associates. In addition, they offered in some cases opportunities for potential business partnerships.’

‘Very wide and deep knowledge of the market. Different teams ready to provide support on different aspects which can arise in the course of a complex transaction.’

‘LCA is a high quality and very well-prepared firm with multidisciplinary expertise. We use LCA in extraordinary transactions and other corporate and contractual activities. They assisted my group with great professionalism and care, and with super speed in responding to our requests. We are very satisfied with the firm to which I regularly entrust our interests. The firm also has strong expertise in M&A cross-border transactions and a great ability to handle transactions involving multiple jurisdictions.’

‘Daniele Bonvicini is a professional of high standing with enormous experience in M&A. He always understands our needs right from the beginning and always supports our Group with extreme professionalism and rapidity. We consider him to be one of the best lawyers I have ever met, thanks also to his diverse skills, not only technical but also empathetic.’

‘Andrea Carreri is very efficient and effective.’

Key clients


Antichi Sapori dell’Etna S.r.l.

Acque Minerali d’Italia S.p.A.

777 Partners LLC

CDS Holding S.p.A.

Centro Basile S.p.A.

Casa Del Caffè Vergnano S.p.A.

Colussi S.p.A.

Cristallina Holding S.p.A.,

Elie Saab

Geneplanta S.r.l.

Kering Eyewear S.p.A.

Magma Holding S.p.A.

Mansutti S.p.A.

Planetel S.p.A.


Radici Group

Stilmas S.p.A.

Work highlights

  • Advised CDS Holding S.p.A. on the €350 million acquisition by Waterfront Lux JV S.à r.l. of the entire corporate capital of Waterfront di Levante S.r.l., and a 60% stake in the corporate capital of Waterfront Genova S.r.l.
  • Advised Longman Group (Overseas Holdings) on its €190 million sale of 100% of the share capital of Pearson Italia S.p.A..
  • Advised Regal Beloit and Rexnord on Italian FDI, antitrust and other corporate regulatory aspects of the US$3.7 billion merger between them to form Regal Rexnord, a manufacturer of electric motors and components.

Norton Rose Fulbright

Norton Rose Fulbright is especially well-equipped to support on matters within the energy, insurance and financial services sectors, though it has also been increasingly active in the food, hotel, hospitality and technology fields of late. Salvatore Iannitti leads the practice, which supplements its M&A capabilities with knowledge of W&I, commercial contracts, public and administrative law, regulatory compliance and antitrust/competition matters.

Practice head(s):

Salvatore Iannitti

Other key lawyers:

Tiziana Del Prete; Claudio Di Falco; Arturo Sferruzza; Luigi Costa


‘NRF has set up an horizon scanning tool at an EU level helping clients to track legal and regulatory changes.’

‘We usually work with the Italian team, Salvatore Iannitti, and UK team. They are really flexible, business oriented, creative in the solution and always providing good advice and alternative ideas if the proposal coming from the client is not working perfectly. Always kind, organised, patient under stressful situations. They developed some innovative tools for regulatory monitoring and are a trustful business partner.’

‘Always nice, ready to find a solution for the most alternative problems, organised and on top of issues. They combine law and business acumen with a significant empathy and respect.’

‘Committed and focused on trying to offer different solutions to clients.’

‘Salvatore Iannitti – abilities and capabilities are very strong in all aspects and with a strong business view of the problems. Claudio Di Falco has a strong grounding on M&A and is always listening to the needs of his clients. Both together are a very good team.’

‘Salvatore Ianniti is a key support for complicated issues in the insurance and regulated sectors.’

‘Thanks to the multidisciplinary nature of the firm, we have always been assisted in the best possible way with regard to specific business sectors such as pharmaceutical or renewables. Working with them is always a guarantee of quality of work; in addition, they are always available to clarify and assist their clients also with very short notice.’

‘Norton Rose Fulbright is a pioneer of W&I practices. Salvatore Ianniti’s team, in particular, has always proved to be highly prepared and technically exceptionable with respect to technical knowledge of the product, always up-to-date with the latest case law.’

Key clients

Covéa Group

Four Seasons Hotels and Resorts

Shell Gas and Power

Metrika Tech

Barclays Bank

Capital Dynamics


Enel Group


Work highlights

  • Advised the Covéa Group on the sale of an 81% stake in Bipiemme Vita to Banco BPM for a consideration of €309.4 million (USD316.6 million).
  • Advised Four Seasons Hotels and Resorts (Four Seasons) in connection with the €165m acquisition of Palazzo Marini, a historic property located in Piazza San Silvestro, in the heart of Rome’s city centre.
  • Advised Shell Gas and Power Developments B.V. (Shell) on its acquisition of 100% of Solar Konzept Italia S.r.l. (SKI) from Solar-Konzept International GmgH, whose majority shareholding is held by Aquila Capital.

Orrick, Herrington & Sutcliffe

Orrick, Herrington & Sutcliffe counts the healthcare and life sciences, technology, banking and financial services, energy, infrastructure, industrial and agriculture industries as the keystones of its practice, often working in close tandem with its international network to support on cross-border transactions. Practice head Alessandro De Nicola provides a combination of M&A, competition and corporate governance know-how, and Paola Barometro and Marco Mancino are forging prominent reputations for transactional, commercial contract and general corporate affairs.

Practice head(s):

Alessandro De Nicola

Other key lawyers:

Attilio Mazzilli;  Guido Testa; Marco Mancino; Paola Barometro


‘I have been working with the firm for many years and they have always been excellent. The quality of the team is top-notch and, particularly, Guido Testa is to me a very valuable sparring partner for the most critical business negotiations, and not just for legal matters.

‘Guido Testa stands out as an exceptional lawyer, in all respects: a savvy negotiator, with a very robust legal know how, extremely high ethical standards, and pleasant to work with.

‘Very reliable and with an outstanding competence. Very good level of support especially for M&A activities’

‘The firm covers several sectors and geographies, and all the lawyers I have met are very professional.’

‘Alessandro De Nicola has a deep expertise in corporate law and a broad knowledge of several matters. He also chairs an interesting and successful initiative called Breakfast 231, which focuses on the latest developments and case-law related to the criminal responsibility of legal entities and includes representatives of various companies who share best practices with a practical approach.’

‘Mr Marco Mancino is always very helpful and attentive to the needs of our company.’

‘Very professional and always helpful team. They always had a reasonable approach during the negotiations and also made the other party respect them.’

‘Marco Mancino represents what a lawyer should be able to represent: Competent, able to find uncommon solutions, gravitas, and technically knowledgeable.’

Key clients



Allianz Group

Bianalisi S.p.A.

Cerba Healthcare Italia

Compagnia Energetica Italiana


Iren S.p.A.


Ethica Global Investments S.p.A.

HAT Orizzonte SGR S.p.A.

Healthware Group S.r.l.

iCON Infrastructure

Persico S.p.A.

Shopfully (DoveConviene Srl and Promoqui S.p.A.)

Società Italiana Traforo del Montebianco


Synergo Capital SGR



Seer Capital Management LP


LBO France

Kantar Group

Pellegrini S.p.A.



Edra Publishing US LLC

Work highlights

  • Advised Gemme Italian Producers Srl on its AUD 169 million acquisition by Breville Group (ASX: BRG), an Australian based company that designs and distributes small kitchen appliances across around 70 countries.
  • Advised brumbrum, Italy’s leading digital car retailer and subscription platform, on its acquisition by Cazoo, Europe’s leading online car retailer for approximately €80 million.
  • Advised Safet21 on the sale of a majority stake to international private equity fund Bregal Unternehmerkapital for €190 million

Orsingher Ortu – Avvocati Associati

At Orsingher Ortu – Avvocati Associati, the team excels in public and private M&A, private equity deals, corporate finance and joint ventures, in addition to corporate reorganisations and restructuring. The practice is led by Mario Ortu, who has a track record handling cross-border deals, and counts the TMT, financial institution, fashion and luxury sectors as key focus industries.

Practice head(s):

Mario Ortu

Other key lawyers:

Pierfrancesco Giustiniani; Nicola Barra Caracciolo; Francesca Flego


‘Their practical approach, the use of technology and deep knowledge of their practice.’

‘The proximity of the partners, the close relationship with clients, understanding their business but acting more as a partner to the client or colleague than as a mere provider of legal solutions.’

Key clients

Antares Vision S.p.A.

BBS Automation Gmbh

Deutsche Bank

Edison S.p.A.

Fabbrica Italiana Sintetici

Hewlett Packard Enterprise – HP Inc.

Morellato S.p.A.

Prysmian S.p.A.

Black Diamond Capital Management

Uteco Converting S.p.A.

Giorgio Armani S.p.A.


Tamburi Investment Partners

Be Shaping the future s.p.a.

Sprint Italy Holding S.r.l.

FTSystem S.r.l.


Work highlights

  • Advised in the context of the transaction related to the sale of 43.209% of BE Shaping the future S.p.A. – a company listed on the Euronext STAR Milan segment of the Euronext Milan market – in favour of Engineering Ingegneria Informatica S.p.A.
  • Advised Antares Vision S.p.A. on the translisting of the client’s shares and warrants from the AIM to Star segment of the Italian Stock Exchange market.
  • Advised Aeffe s.p.A. on the acquisition of the 100% capital of Moschino s.p.A.

Osborne Clarke

The team at Osborne Clarke is focused on public and private M&A transactions within the mid-market, often working in close tandem with colleagues in the UK, France, Spain, Germany, the US and China, among other locations. Its industry expertise is far-reaching and includes digital business, private equity, energy, utilities, life sciences, healthcare, manufacturing, leisure and retail. Riccardo Roversi is an expert in respect of renewable energy-related M&A, also routinely advising on joint ventures and commercial agreements within the automotive and transport sectors; he co-leads the team with Giuliano Lanzavecchia, who has a track record in turnarounds and corporate and debt restructuring.

Practice head(s):

Giuliano Lanzavecchia; Riccardo Roversi

Other key lawyers:

Giovanni Penzo; Alessandro Villa; Chiara Carioti


‘Giuliano Lanzavecchio has always provided pragmatic, result-oriented and clear advice, allowing me to complete both intra-group and M&A transactions in a timely manner. His associate Chiara Carioti is responsive, pays attention to details and provides conclusive and clear advice.’

Key clients

Ampere Equity Fund B.V.

Autotorino S.p.A.

A2A Energia S.p.A and A2A Ambiente S.p.A.

Acque Bresciane S.r.l. SB

Astraco S.r.l.

Conceria Pasubio S.p.A.

Crippa S.p.A.

CSS Subsea S.A.


Germani S.p.A.

Giordano Vini S.p.A.

Huntsman International LLC

Itelyum Regeneration S.p.A. S.p.A.

King’s College London / Heqet Therapeutics

LB Officine Meccaniche S.p.A.

Linea Group Holding

NHOA Group

ProntoPro S.r.l.

Tea S.p.A.

Treatwell Group

Unieco soc. Coop. in LCA


Yinson Renewables (a division of Yinson Holdings Berhad)

Work highlights

  • Advising Autotorino S.p.A. on its acquisition of Idea Uno S.r.l., a company owning 8 Mercedes-Benz branches, operating under the Autocentauro brand, in Lombardy and Piedmont.
  • Representing the shareholders of S.r.l on its acquisition by Doctolib SA, a French Unicorn leader on the European market for digital health.
  • Acting for Wallenius Wilhemsen on its highly international acquisition of ALS, a company that offers specialist logistics solutions for oversized, exceptional, and heavy lift cargo.

Pavia e Ansaldo

In addition to its domestic offices in Rome and Milan, Pavia e Ansaldo opened a new corporate and M&A focused office in Turin in October 2021; the firm is also present in Tokyo and Barcelona and also features dedicated desks for China, Africa, Turkey, the US and the Middle East. Managing partner Stefano Bianchi is extensively well-versed in cross-border acquisition, finance, private equity and restructuring transactions, serving as practice co-head alongside Roberto Zanchi. Meritxell Roca Ortega is a key port of call for deals intersecting the Spanish and Italian markets.

Practice head(s):

Stefano Bianchi; Roberto Zanchi

Other key lawyers:

Meritxell Roca Ortega; Alberto Bianco; Giuseppe Besozzi


‘The team ensures maximum professionalism and availability. It is made up of highly trained professionals from a technical-legal point of view, and every issue is investigated from every aspect, including economic and commercial, in order to always provide the client with the best solution.’

Key clients

H.I.G. Europe

Mandarin Capital Partners (now Mindful Capital Partners)

Fomas Group

Surfaces Technological Abrasives S.p.A.


MTS Globe

Cristallina Holding SpA

Asahi Intecc

Stirling Square Capital Partners


Planet Smart City

Canepa SpA

GPI S.p.A.

Threestones Capital Management

DeA Capital Alternative Funds

Xenon Private Equity

Customs Support Group B.V.

Work highlights

  • Advising Stirling Square Capital Partners on the sale of and reinvestment in Itelyum Group.
  • Advised Turin bank ViviBanca on its purchase of a 55% majority stake in fellow bank I.Fi.Ve.R. from Credito Emiliano Group.
  • Advising Mandarin Capital Partners on completion of its purchase of a 70% stake in leading Italian and international pet care specialist Croci.

Simmons & Simmons

Simmons & Simmons‘ team is instructed on corporate M&A and private equity deals throughout the real estate, luxury goods, retail, healthcare, TMT, energy, life sciences and asset management industries. The team is adept in the full range of transaction types, including acquisitions, disposals, mergers, restructurings and refinancings, and is co-led by Andrea Accornero, Dario SpinellaEdoardo Tedeschi and Marco Muratore. Augusto Santoro has left the firm.

Practice head(s):

Andrea Accornero; Dario Spinella; Edoardo Tedeschi; Marco Muratore


‘In my experience, it is the best legal team I have worked with.’

‘Andrea Accornero – exceptional capacity to coordinate all the group.’


Key clients

Toshiba Corporation

Portobello S.p.A.

Wise Equity SGR S.p.A.

Bomi S.p.A.

Elettric Center

B. Braun Milano

EOS Corrugated Group (Capza’s portfolio company)


Esprinet S.p.A.

21 Invest

Tadiran Group

Unifrutti Group

China Telecom Europe Ltd

2M Group


Charterhouse Capital Partners

Sanpellegrino S.p.A.

Gangtai Italia

S.T. Corporation

Omega Fusibili S.p.A.

Trime S.p.A.

Playcar S.r.l.




AGSM Aim S.p.A.


Geico Taikisha S.p.A.

Demiray Home Furnishing Co., Ltd.

Balt France SA



Honeywell Europe

Datrix Spa


Ashurst leverages its broad international footprint to advise on an array of domestic and multinational deals; the team is well-versed in M&A, private equity, LBO, joint venture and MBO deals, in addition to corporate governance and commercial contracts, and is knowledgeable of the energy and infrastructure sectors, particularly the renewables space. Practice head Fabio Niccoli brings to bear 20 years’ worth of experience in transactions, demonstrating a keen focus on the mid-market.

Practice head(s):

Fabio Niccoli

Other key lawyers:

Carloandrea Meacci; Annamaria Pinzuti


‘Ashurst is our preferred partner when we want to make things in the proper way’

‘Anna Pinzuti and the team are always available, collaborative and proactive.’

Key clients


Trina Solar

Aer Soleir

Ersel Asset Management SGR S.p.A.



Work highlights

  • Advising Ersel Asset Management Società di Gestione del Risparmio S.p.A. on a majority investment and the creation of a joint venture with construction company Lendlease for the development of a new campus of the Università degli Studi di Milano located in the so-called “MIND” (Milano Innovation District) area.
  • Advised FSI SGR in the signing of a binding agreement with Sterling for an investment following which the Ferlin family will hold 65% of the Sterling Group while the remaining 35% will be held by FSI.
  • Advised the Japanese conglomerate ITOCHU on the signing of a non-exclusive ‘Business Alliance Agreement’ with Aquafil the creator of the regenerated nylon brand ECONYL ® and pioneer in the circular economy, to promote and expand the nylon circular business.

Bird & Bird

Bird & Bird is a multinational firm with offices in Milan and Rome; the Italian team is geared to support on small- and mid-cap domestic and international transactions. Practice head Alberto Salvadè  is an expert in M&A, private equity, turnaround and restructuring deals, and is particularly active within the financial services, renewable energy and life sciences industries; his team is also accomplished in advising on venture capital, joint venture, company law and corporate housekeeping affairs and is likewise knowledgeable of the tech and comms, retail and consumer, automotive, food and luxury goods sectors.

Practice head(s):

Alberto Salvadè

Other key lawyers:

Stefano Silvestri; Edoardo Courir; Pierpaolo Mastromarini; Federico Valle


‘Very professional, high competence profile. Much more responsive and quick in reacting to unexpected problems than other lawyer firms.’

‘Strong personality and leadership.’

Key clients

Crocs, Inc.


Satispay S.p.A. S.r.l.

Fumakilla Limited

Doctolib SA


Heska Corporation


Alfrus S.r.l.

Italgen S.p.A.

PPG Industries, Inc



C Consulting


Techstars Central LLC

Spafid S.p.A.

Youngtimers AG

Blooming Experience



BFF Banking Group

Iberdrola Renovables Italia

Gruppo San Donato

Work highlights

  • Assistance to Crocs, Inc (Nasdaq: CROX) with its acquisition of HEYDUDE, an Italian casual shoe brand, with corporate entities and supply chains mainly in Hong Kong and China at an acquisition price of $2.5 billion.
  • Assisted the selling shareholders (Leonardo, Domenico and Michele Sisto) in the sale of a majority stake of their corporate capital of Alfrus S.r.l. to the US company Pomona Farming LP, controlled by Public Sector Pension Investment Board.
  • Assistance in favour of ERG S.p.A., which through its subsidiary ERG Power Generation S.p.A., has signed an agreement for the acquisition of 100% of the share capital of MP Solar B.V.. The value of the transaction is Euro 128 million.

De Berti Jacchia Franchini Forlani

Founded in Milan in 1975, De Berti Jacchia Franchini Forlani has since expanded to Rome and Brussels; its team is knowledgeable of M&A, de-mergers, spin-offs, restructurings, reorganisations and joint ventures, also routinely supporting on commercial agreements with customers, distributors, franchisees and suppliers. Team co-heads Cristina Fussi and Marco Frazzica are among the key names.

Practice head(s):

Gianni Forlani; Bridget Ellison; Barbara Calza; Cristina Fussi; Giuseppe Cristiano; Marco Frazzica; Andrew Paton; Claudio Corba Colombo


‘The team was very dedicated all along the project even though it has been a bumpy ride with a lot of back and forth.’

‘Dedication and availability which is, beyond knowledge, a key driver in M&A deals as you need to move fast. They allowed us to close in due time.’

‘A hands-on and to the point approach.’

Key clients










































NCAB Group









SBB AG: 2001














Work highlights

  • Assisted Mitsubishi in the negotiation of all the agreements for the setting up of the production facility, the sale and purchase agreements and construction contracts for the acquisitions of plots of lands and buildings for manufacturing/storage facilities.
  • Acted for Systemair on its acquisition of all shares in the Italian company sagicofim s.p.a.
  • Acted for Culligan Italiana Company in the framework of a worldwide transaction in relation to the transfer of its participations in two Italian subsidiaries to osmosis buyer limited, third parties and related pre and post- closing activities, including the release of certain pledges over part of the participations under the transaction.

Studio Legale Delfino e Associati Willkie Farr & Gallagher LLP

Studio Legale Delfino e Associati Willkie Farr & Gallagher LLP's team is headed by Maurizio Delfino, who specialises in M&A, particularly deals relating to infrastructure and distressed assets, in addition to corporate reorganisations, restructurings and private equity transactions. The wider team is also adept in general corporate and corporate governance affairs, acting in industries such as fashion, retail, luxury and furniture, and regularly acts for overseas investors who are making politically or financially sensitive acquisitions within Italy.

Practice head(s):

Maurizio Delfino

Other key lawyers:

Massimo Chiais; Luca Leonardi; Bruno Cova; Massimo Palombi; Juljan Puna




Key clients

Jaguar Health

Atlas Holdings



Richemont and Chloé International SAS

The Carlyle Group

GLG Partners Limited

Stellex Capital Holdings Luxembourg Sarl

UniCredit S.p.A.

Aveleos S.A.



Davidson Kempner European Partners

Work highlights

  • Acted on the purchase of the entire corporate capital of Officine Maccaferri SpA from SECI SpA in a court supervised procedure and the transfer of the same into a trust structure aimed at protecting the interest of the clients as creditors of Officine Maccaferri in the restructuring process of the latter.

Deloitte Legal Italy -Società tra Avvocati a r.l.

Deloitte Legal Italy -Società tra Avvocati a r.l. continues to expand its presence in Italy, with offices in Milan, Rome, Padua, Turin, Genoa, Bologna, Bari and Florence. The team counts the food, automotive, real estate, fashion and luxury, healthcare and renewables sectors among its key industries of focus, and is headed by Giorgio Mariani, a lawyer with a strong skillset in M&A, distressed M&A and private equity deals.

Practice head(s):

Giorgio Mariani

Other key lawyers:

Massimo Zamorani; Andrea Martellacci; Ubaldo Messia; Francesco Munari


‘Strong capability at a reasonable price.’

‘Capacity to handle complex processes with strong technical competence and business approach. Specific mention to Ubaldo Messia’

‘They are very responsive and willing to build with the client in a business driven way.’

‘Special mention to Ubaldo Messia. He has a lot of commercial acumen combined with excellence. He assigned to my company a dedicated team of high quality lawyers with whom we work in an effective way.’

Key clients

Lapi Gelatine S.p.A

A&A Fratelli Parodi S.p.A.

F.A. Group S.p.A

EssilorLuxottica S.A.

Kawasaki Heavy Industries Ltd.


Guapas S.r.l.

CKD Corporation

Carbon Dream S.p.A.

Greentech Manufacturing

BMB Manifattura Borse S.p.A.

Provides Group

Give Back Beauty Group

Beauty and Luxury S.p.A.

Philipp Plein Parfums SA


ES Parfums SA

Luxottica Group S.p.A.

Angelini Industries

Eversheds Sutherland Associazione Professionale

Eversheds Sutherland Associazione Professionale acts for domestic and multinational clients from its Rome and Milan offices. The team is headed by Riccardo Bianchini Riccardi, a lawyer with 38 years’ worth of experience in M&A, joint ventures and company transfers, and is especially accomplished in the food, pharmaceutical, oil and gas, renewable energy and industrial engineering sectors. Other key strands of work include private equity deals, reorganisations and restructurings.

Practice head(s):

Riccardo Bianchini Riccardi

Other key lawyers:

Guido Galeotti; Giuseppe Celli; Giulia Bramanti; Alessandro Vischi


‘Good knowledge and pragmatic and problem-solving approach. Good level of fees.’

Key clients




Busy Bees


Rockwell Automation

Kodak Alaris



Itago SGR S.p.A.


Work highlights

  • Assisted Dedalus in relation to the tax aspects of the cross-border acquisition of DOBCO Medical Systems.
  • Assisted AlgoWatt in the sale of assets and interests to Buttol concerning the waste disposal business.
  • Assisted Sonnedix in the cross-border acquisition of a photovoltaic plant in Piedmont by a group of vendors.

FIVELEX Studio Legale e Tributario

FIVELEX Studio Legale e Tributario delivers business and corporate advisory services, in addition to notable M&A expertise, primarily operating in the banking, financial services, insurance, hospitality, food and beverage, sport and fashion industries. Alfredo Craca is an expert in M&A, joint ventures and financing agreements and Francesco Di Carlo has distinct expertise in transactions involving supervised entities; the duo co-lead the team alongside Claudio Tatozzi.

Practice head(s):

Alfredo Craca; Francesco Di Carlo; Claudio Tatozzi


‘The team has always been capable of dealing with complex situations and sorting them out with simple and effective solutions. They have also always been super responsive. We have invested in several companies over the years and the team has always assisted us brilliantly.’

‘Francesco Di Carlo: he has become a top lawyer in M&A the space.’

Key clients

Tamburi Investment Partners S.p.A.

Elliott Advisors (UK) Limited

A.C. Milan S.p.A.

Webuild S.p.A.

Venchi S.p.A.

Asset Italia S.p.A

Eataly S.p.A. and Eataly Real Estate S.r.l.

Tip-Pre IPO S.p.A.

Azimut Libera Impresa SGR

Banca Generali S.p.A.

Elica S.p.A.

Beyond Investments S.p.A.

Work highlights

  • Assisted Asset Italia S.p.A. (designated by Tamburi Investment Partners S.p.A.) with its entry at 25% in Limonta S.p.A.
  • Assisted Eataly Real Estate S.r.l. in the sale of the iconic building in Milan (the former Teatro Smeraldo) where Eataly store is currently located.
  • Advised Webuild S.p.A., part of the Salini group, on the acquisition of about 37% of the share capital of Cossi Costruzioni S.p.A., increasing its participation in the share capital of Cossi Costruzioni to 100%.

Giovannelli e Associati Studio Legale

Giovannelli e Associati Studio Legale's team has extensive experience and know-how; the group has significant strength in M&A, de-mergers, joint ventures, LBOs and divestitures, among other transaction types. Managing partner Alessandro Giovannelli is the key name.

Other key lawyers:

Alessandro Giovannelli; Fabrizio Scaparro; Matteo Delucchi; Gianvittorio Giroletti Angeli

Key clients

Alpha Test S.r.l. (White Bridge Investments S.p.A.)


Azelis Group

Azimut Libera Impresa SGR S.p.A.

Blacksheep Madtech Fund

Cargotec Corporation

Club Deal Harcos


Dedalus Holding


Guaresi S.p.A.

IdeA Agro

Italmatch Chemicals Group


Mandarin Capital

Melrose Industries

Neopharmed Gentili

Neuberger Bergman


Objectway S.p.A.

Permeare S.r.l.

Riello Investimenti Partners SGR

Sabo S.p.A.

Space Capital Club

Specchiasol S.r.l.



White Bridge Investments

Windex Investment Club

Gitti and Partners

Gitti and Partners acts for domestic and international corporates alike, supporting on M&A, joint ventures, demergers, corporate transformations, restructurings and strategic alliances. The department is home to Gregorio Gitti, the firm’s managing and founding partner, who is particularly reputed within the banking and financial services sectors; he co-leads the team with Vincenzo Giannantonio and Stefano Roncoroni.

Practice head(s):

Gregorio Gitti; Vincenzo Giannantonio; Stefano Roncoroni



‘Strong know-how and competence, mixed with the ability to provide problem-solving solutions. Customer needs are a priority.’

‘Organization timetable and project management was really outstanding.’

‘It negotiation capabilities is really something we’ve never found before.’

‘Gitti has now become a benchmark for mid-market M&A transactions in Italy. They differ in tailoring their approach to client needs and can work effectively with entrepreneurs and private equity funds while always maintaining a high level of client satisfaction. They have a multidisciplinary team and boast an international network that sets them apart.’

‘I like working with Vincenzo Giannantonio because he is focused on closing the deal rather than arguing with the other side. Vincenzo is an outstanding person who can create empathy with the client and the other party creating a pleasant and satisfying working environment. Vincenzo is highly regarded because he can solve problems pragmatically and easily.’

‘Vincenzo Giannantonio is a fantastic business partner. He is able to engage the team, to lead negotiations, to deliver the best result possible in the shortest time. Exceptional in creating long term relationships.’

‘Very reliable, business oriented, great listeners, pedagogic, very international. The best law firm I dealt with internationally.’

‘Simply put, I now feel I have trusted personal advisors in Italy on any legal and business matter. It’s a luxury and a game changer, business wise. The associate team is also very talented.’

Grimaldi Studio Legale

Grimaldi Studio Legale has offices in London, New York and Brussels, in addition to its expansive domestic network which includes recently opened sites in Naples, Treviso, Verona and Turin. Its team is noted for its proficiency in M&A, demergers and group reorganisations and is headed by managing partner Francesco Sciaudone, who has an in-depth knowledge of the energy, transport and infrastructure sectors.

Practice head(s):

Francesco Sciaudone

Other key lawyers:

Giovanni Bocciardo; Annalisa Pescatori; Adriano Pala Ciurlo; Paolo Daviddi; Marco Franzini; Elena Sacco; Leonida Cagli

Key clients

Grimaldi Lines

Partners Group S.p.A.

Progress Tech Transfer

CDP Venture Capital SGR S.p.A.

Teso. S.r.l.

Gamma Chimica

Monforte Capital Partners

EOS Investment Management

Matica Fintec


Omnes Capital

Investindesign and Italian Design Brands

Unifarco S.p.A.

Magnaghi Aeronautica S.p.A.

K&L Gates

K&L Gates fields a team in Milan with know-how in M&A, private equity, restructurings, carve-outs and divestitures. The practice is also adept in corporate governance, including internal governance, shareholder relations and compliance affairs, and is co-led by Giampaolo Salsi and Pasquale Marini; the former is an expert in the manufacturing, service and financial sectors while the latter is also well-versed in the manufacturing sector and frequently represents family-owned groups.

Practice head(s):

Giampaolo Salsi; Pasquale Marini

Other key lawyers:

Arturo Meglio; Paolo Rusconi


‘The team is extremely focused on client needs, it understands the business and it is capable of suggesting options and properly evaluating the associated risks according to the client approach and profile. Compared to other international firms K&L Gates couple both the formal/technical and the familiar approach that gives the practice a unique style.’

‘Giampaolo Salsi is the symbol of the practice and of the firm, he has the unique capability to be a valuable counsel both from a legal and business point of view. Giampaolo and his team are particularly super performers in M&A.’

Key clients

Fiocchi Munizioni S.p.A.

Office Depot Europe

Sinch AB


Inxpect S.p.A.

Industrie Saleri Italo

Effe 2 Studio e Confezioni S.r.l.

D-Orbit S.p.A.

Fr. Sauter AG

Gianetti Fad Wheel S.r.l.

Work highlights

  • Assisted Koenig & Bauer in the acquisition of 49% of the shareholding of Celmacch Group.
  • Assisting Slim Fusina Rolling S.r.l. for the admission to the composition with creditors procedure (concordato preventivo), including the sale of the entire business to an international investor.
  • Assisted D-Orbit S.p.A. with its combination with Breeze Holdings Acquisition Corp., a publicly traded Special Purpose Acquisition Company (SPAC).


Linklaters handles cross-border M&A, joint venture and public takeover transactions, displaying an in-depth knowledge of the real estate, energy, retail, luxury, financial services and private equity sectors, among others. Giorgio Fantacchiotti is dual qualified in Italy and England and Wales, often acting for a number of London-based clients; he co-leads the team alongside Roberto Casati, a go-to for hostile takeovers, as well as Pietro Belloni who provides the group with know-how in restructuring and outsourcing transactions.

Practice head(s):

Giorgio Fantacchiotti; Roberto Casati; Pietro Belloni

Key clients

Gilde Buy-Out Partners LLP (now Rivean Capital)

Octopus Investments Limited

Three Hills Capital Partners LLP

Ambienta SGR

DeA Capital

Progressio SGR

Nicolas Bargi

Forest 1914 S.r.l.

DoveVivo S.p.A.

Calvi Holding S.p.A.

Armonia Sgr S.p.a.

Mondi Group

Ideal Standard

Sibelco NV

Traverso family

Calvi Holding S.p.A.

DoveVivo S.p.A.

Molinari Agostinelli

Molinari Agostinelli is home to full-service capabilities in respect of LBO and leveraged finance transactions, drawing upon both its M&A and banking and finance teams, and is also adept in mergers, divestitures, acquisitions, break-ups and reorganisations. The practice is led by a trio of lawyers, namely Ugo Molinari, a specialist in representing banks and corporates, Marinella Ciaccio and Margherita Santoiemma, an expert in acquisition finance and joint ventures.

Practice head(s):

Ugo Molinari; Marinella Ciaccio; Margherita Santoiemma

Other key lawyers:

Nicolo’ Juvara; Alessandro de Botton; Marco Laviano; Ciro Di Palma


‘Molinari Agostinelli is committed towards closing the transaction. We noticed that the team is diverse and always takes a business-oriented approach.’

‘The team has expertise in cross-border transactions and focus on financing aspects.’

‘The team is characterized by great seriousness, availability, negotiation skills and interdisciplinary skills.’

‘I work very often with Ciro Di Palma. He usually demonstrates great competence, an ability to empathize with customers and an aptitude for problem solving.’

Key clients



























Work highlights

  • Advised Coima Sgr on the sale of a company owning certain real estate assets including the five-star luxury Hotel Excelsior in Venice.
  • Advising Itaca Equity on the acquisition of a qualified minority stake in the newly incorporated company which will control Landi Renzo.
  • Advised DeA Capital Alternative Funds SGR on the execution of a partnership agreement with Costa Edutainment Group.

Portolano Cavallo

At Portolano Cavallo, Francesco Portolano and Manuela Cavallo co-lead the M&A practice with Antonia Verna leading the venture capital and emerging companies team and Tommaso Foco fronting the corporate reorganisation and restructuring practice. Key points of differentiation for the group include its in-depth knowledge of the TMT and life sciences sectors, as well as its strength in cross-border deals, which form the bulk of the workload.

Practice head(s):

Francesco Portolano; Manuela Cavallo; Antonia Verna; Tommaso Foco

Other key lawyers:

Luca Gambini


‘Strong expertise, flexibility, reactivity, proactivity. They were able to lead the acquisition project they were hired for. Very good language skills (all the leading team was able to speak luent Italian, English and French).

‘Innovation: one consultant was based in Italy, one in the US, so they had the capacity to be available 24h.’

‘Excellent technical skills but also soft skill (project management, good communication).’

‘I really appreciated that they gave the impression of enjoying their job and their work for the client. Clearly client-oriented.’

‘The team is at the forefront of innovation in relation to the use of AI for M&A, in particular in the context of due diligence. They are able to meet deadlines and advise on efficient use of their resources, allowing the clients to take the best decisions between internal and external resources. They are also one of the few law firms that has a permanent digital innovation officer in their team so they try to always innovate in the way the conduct their business.’

‘Francesco Portolano and the team have a unique profile in advancing innovation and improving efficiency at their firm and also by their clients.’

PwC TLS Avvocati e Commercialisti

PwC TLS Avvocati e Commercialisti leverages its global tax network, and robust team of lawyers, to handle all tax and legal components arising from significant acquisitions and investments. The team is co-led by Giovanni Stefanin, a specialist in the banking and finance sector, alongside Tommaso Tomaiuolo whose focus lies within the renewable energy market.

Practice head(s):

Giovanni Stefanin; Tommaso Tomaiuolo

Other key lawyers:

Stefano Cancarini; Pietro Buccarelli; Filippo Zucchinelli; Andrea Lensi Orlandi; Riccardo Lonardi


‘Full understanding of M&A financial issues in the legal context. Unique in Italy.’

‘Riccardo Lonardi is a rockstar.’

Key clients

Hayashi Telempu Corporation – HTC

Intesa Sanpaolo

Samag Holding Logistics

Alboran Hydrogen S.r.l.

Business Integration Partners

Luisa Via Roma

Coop Alleanza 3.0

Ivab Ltd

Cons. Coop and Citigas Coop


Indorama Ventures Public

Platum (former MT Distribution)


Casappa Spa


GTS Group

Caprari Family – Lunafralsi

TMC Transformer

Zschimmer & Schwartz

Banca Popolare del Lazio

TMC Trasformers

GEO Engineering S.p.A.

Dedalus Spa

Wrm group



Margherita Distribuzione

Banca Popolare del Lazio

Bennet Spa

NTT Data

Axpo Italia

Cattaneo & Zanetto

Autogrill Italia Spa

High Research


Giuliani S.p.A

Fiat Power Technologies Industrial SpA

JAS – Jet Air Service SpA



Work highlights

  • Assisted Hayashi Telempu Corporation (HTC) in the acquisition of 28% of the shareholding in AdlerGroup S.p.A. held by Adler Plastic S.p.A.
  • Assisted Intesa Sanpaolo in the sale of the Croatian merchant acquiring business to Nexi group. The value of the agreement is 180 million.
  • Advised Samag Holding Logistics, on the acquisition of the shares representing 100% of the corporate capital of Group Air Ocean Cargo and its subsidiaries

Rucellai & Raffaelli

Rucellai & Raffaelli delivers commercial, corporate and M&A services from its offices in Milan, Rome and Bologna; its practice serves a number of world-famous multinational clients, including Amazon, and is headed by Enrico Sisti, a lawyer who has transacted over 130 deals throughout the last 15 years, acting on both pure M&A and FDI.

Practice head(s):

Enrico Sisti


‘They are all extremely professional and helpful. They take care of detail and are very skilled in strategy and in finding the most suitable solution for the customer. Easy to work together and as a team.’

‘Enrico Sisti is very good and present in practices not only when the practice is particularly complex but also when there are important strategic decisions to be taken. Enrico leads his team very well. He is a great connoisseur of M&A issues, a sector in which he has extensive experience and professionalism.’

‘Great knowledge and extremely professional.’

Key clients



Philip Morris

ASP-Advanced Sterilization Products



Shalag Nonwoven Ltd

Insec Equity Partners SGR / Siparex

Fitch Ratings



Altor Equity Partners


Arcelor Mittal

Andera Partners

CDP Venture Capital SGR

Panakes SGR

Raytheon Technologies




Boston Consulting Group


VGP Industrial Parks




Schneider Electric

Cattolica Assicurazioni

OMV – Osterreichische Mineralolvewartung



Marsilio Editore


Mail Boxes Etc.

IMI Fondi Chiusi SGR




VC Hub




Progetto Banca Idea

LB Technology

Alligator Energy







Ughi E Nunziante

Ughi E Nunziante is routinely involved in the Italian aspects of mid-market, multi-jurisdictional deals; its team is especially well-versed within the energy, technology and financial crisis industries. Roberto Leccese, Filippo Mazza, Giuseppe Coco and Amon Airoldi are key names.

Other key lawyers:

Roberto Leccese; Filippo Mazza; Giuseppe Coco; Amon Airoldi


‘Partner led, lean teams, efficient, capable and business minded. High quality and attractive pricing.’

‘Giuseppe Coco: Experienced in cross border work, precise, good negotiator, a deal maker’

Key clients

Munich RE


ENI S.p.A.

Neuberger Berman AIFM Limited

Perrigo Company

Texas Instruments

Akka International SA

Pharmagest Italia S.p.A.

d’Amico Società di Navigazione

Freund Corporation


Rockhopper Exploration plc

Morrow Sodali

Consilium SGR p.A.

Remira Group GmbH

Celli S.p.A.



CBA Studio Legale e Tributario

CBA Studio Legale e Tributario handles private equity, M&A and venture capital transactions; examples include deal structuring, deal negotiations, legal due diligence, shareholder agreements and stock option plans. Paolo Esposito , who is an expert in the energy sector, co-leads the group alongside tender offer specialist Luca Fabbrini.

Practice head(s):

Paolo Esposito; Luca Fabbrini

Other key lawyers:

Nicola Canessa; Ilaria Antonella Belluco


‘They are a well-organised team, proactive, always available. They give rapid feedback, they use state of the art technology with a well-balanced team.’

‘The team was very well assembled. While being small, the experience and skills of members covered the whole range and it was very efficient.’

‘Paolo Esposito was always available and engaged and communication was great with him.’

Key clients

Alcedo SGR S.p.A.

Defendini Logistica S.r.l.

F&PML e Partners S.p.A.


Mer Mec

Middleby Europe Sl

Work highlights

  • Assisted Mer Mec in the sale of its shares in Ids – Ingegneria dei Sistemi, a company active in the production of high-tech products in the civil and military sectors (naval, aeronautical, air navigation, space and environment), to Fincantieri NexTech.
  • Assisted Leonardo S.p.A. in the acquisition of 30% of the capital of GEM Investment S.r.l., a company active in the field of short- and medium-range sensors for navigation, maritime, coastal and airport surveillance and border control, and which produces electro-optical sensors and inertial systems for the maritime, avionic and land sectors and small-to-medium-sized military 3D radars.
  • Provided legal assistance to Alcedo SGR in all contractual and corporate aspects concerning the acquisition of a majority participation in Fabian S.r.l., even in relation to the employee contracts and for the definition of the management agreements.


EY TAX & LAW ITALY fields a distinct combination of legal and tax prowess. Renato Giallombardo joined the firm in February 2021 from Gianni & Origoni and is spearheading the growth of the practice, leveraging his long-standing capabilities in high-end M&A and private equity deals.

Practice head(s):

Renato Giallombardo

Other key lawyers:

Christian Busca; Dario Pozzi

Key clients



Autostrade per l’Italia

Autostrada del Brennero


BF S.p.A. (Bonifiche Ferraresi S.p.A.)

CDP (Cassa Depositi e Prestiti)


Enel X





Sofia Locks


Zeus International

Work highlights

  • Advised Telepass on the acquisition of Eurotoll.
  • Advised Amadori on the acquisition of Rugger (Lenti).
  • Advised Acea on the acquisition of Deco SpA.

Giliberti Triscornia e Associati

The team at Giliberti Triscornia e Associati is adept in all facets of M&A deals, from structuring and negotiations through to finance arrangements and acquisition agreements. The team, which also handles investment and divestment transactions on behalf of private equity players, is headed by Alessandro Triscornia, an authority in takeover bids and other company law matters.

Practice head(s):

Alessandro Triscornia

Other key lawyers:

Francesco Cartolano; Edoardo Mistretta; Giuseppe Cadel

Key clients

Permira Funds

Falck Group

Fondo Strategico Italiano

Aksìa Group SGR

Clessidra Funds


ACDC Funds

Quadrivio Group

Star Capital SGR

Providence Funds

Work highlights

  • Advice to Permira Funds on the acquisition of Kedrion and Bios Products Laboratory.
  • Advice to Permira Funds on the sale of Althea Group to F2i/DWS.
  • Advice to Permira Funds on the sale of Arcaplanet to Cinven and Fressnapf.


Jenny.Avvocati has expertise advising on commercial agreements, M&A, restructuring and corporate law and is a popular choice for large international entities and listed companies, in addition to family-owned businesses and medium-sized companies. The team is well-versed in the manufacturing, distribution, plant and civil infrastructure, fashion, banking, insurance and logistics sectors, with notable strength acting for German-speaking clients. The team, which includes members fluent in English, French, Spanish and Portuguese, is headed by Christoph Jenny, Simona Gallo and Viviana Vilardo.

Practice head(s):

Christoph Jenny; Simona Gallo; Viviana Vilardo


‘The team is experienced in M&A tasks and is knowledgeable in assisting foreign companies in the purchase of local companies, with a focus on the unique aspects of the local law and local challenges, combined with an ability to work on formats that are typical for cross border transactions.’

‘Simona Gallo’s practical and balanced approach assisted the clients to manage their risks. Simona was always available and professional and charged fairly.’

‘The team is always very collaborative and open to discuss items even if out of the official engagement.’

Key clients


Aspiag Service S.r.l.

Bouygues E&S Italia S.p.A.

IDAK Holding AG

Kärcher Group

Margherita S.r.l.

Protect Medical Holding GmbH (SPV of Borromin Capital)

Lexia Avvocati

The team at Lexia Avvocati has a particular emphasis on the tech, fintech, financial services, ICT, TMT and renewable energy sectors, operating across a litany of public M&A, LBO, MBO, joint venture, buy-outs and venture capital deals. Francesco Dagnino, the firm’s co-founder and managing partner, is also a key port of call for listed companies and their shareholders in respect of corporate governance affairs.

Practice head(s):

Francesco Dagnino

Other key lawyers:

Marco Muscettola; Angelo Messore; Giovanni Battista Bruno; Fabio Luongo


‘Lexia combines the best of both worlds: necessary longstanding values and deep knowledge of legal matters together with a very dynamic pragmatic and international approach of work. This very rare mixture makes it unique in comparison with other M&A firms in Milan.’

‘Very good language skills apart from the high legal standards. High level of values; fair and collegial behaviour but insist on the important issues. The work is business focused. I love working with the team around Francesco Dagnino.’

Work highlights

  • Advised Gum Group S.p.A. on the sale in favor of Gilde / Rivean capital (a Dutch private equity firm), indirectly through a BidCo, of a majority stake in TAS S.p.A. and re-investment by some of the sellers of part of the sale proceeds in BidCo.
  • Assisted Neulabs – the first Amazon FBA aggregator in Italy – in connection with over 10 acquisitions of Amazon FBA businesses and accounts all over Europe (both share deals and asset deals).
  • Advised Wopta, an Italian insurtech company, on the investment round for the start of its operations.


LMCR counts M&A and extraordinary transactions, general corporate law and commercial and international contract work as the three keystones of its practice. The group is knowledgeable in a number of sectors, from pharmaceutical, energy and manufacturing through to banking, food and consumer goods, and is co-led by Massimo La Torre and Roberto Rio.

Practice head(s):

Massimo La Torre; Roberto Rio

Other key lawyers:

Angelo Romano; Elmar Zwick


‘Alaways available. Prepared and quick.’

‘Highly professional.’

‘Full availability at any time. Often answers needs to be given in very short time. LMCR is always available to support with fast feed-backs. Clearly, competence is always in line with expectations.’

Key clients

Royal Caribbean

The Cookware Company

Doppel Farmaceutici

Giochi Preziosi Group

Ladurner Group

Axpo Italia


Credem Bank

Alete Bikes

Denver Bikes

Dietopack (nutraceutical company)

United Petfood

Etro S.p.A.

Macchi di Cellere Gangemi

Macchi di Cellere Gangemi is active in a wealth of corporate and commercial mandates, including investment deal structuring, cross-border and domestic acquisitions, legal due diligence, sale and purchase agreements and corporate governance matters. The team is particularly proficient in deals that intersect France and Italy, as well as those within the renewable energy space, and is co-led by Luigi Macchi di Cellere, Pietro Orzalesi, Francesca Bogoni and Ernesto Pucci.

Practice head(s):

Luigi Macchi di Cellere; Pietro Orzalesi; Francesca Bogoni; Ernesto Pucci


‘Proactive and constantly to the point on all matters requested.’

Key clients


Nijhuis Saur Industries (SAUR Group)

EuroMediaGroup (PAI Partners)








Work highlights

  • Advised bee2link (a Bridgepoint Development Capital company) on the acquisition of Terranova Web System.

Masotti Cassella

Masotti Cassella is adept in both domestic and cross-border M&A and handles inbound and outbound deals. The team is co-led by Luca Masotti, an expert for deals in the pharmaceutical and medical devices sector, alongside Mascia Cassella, who is extensively experienced in the healthcare and engineering fields.

Practice head(s):

Luca Masotti; Mascia Cassella

Other key lawyers:

Carlo Piatti

Key clients

Ab Medica Spa

Pharmalex GmbH

Sprinx Technologies SRL

FAI Service Soc. Coop.

Pomini Rubber & Plastics GmbH

Briarwood Products Group

Officine Ortopediche Rizzoli

Work highlights

  • Advised Pharmalex GmbH on the acquisition of MAP, for a total transaction value of 30 million Euro.
  • Advised three minority shareholders of SAET S.p.A. on the sale of the whole of their shares in the company to Falck Renewables S.p.A.. Deal value: 2,5 million Euro.
  • Advised Sprinx Technologies SRL and its shareholder on a joint venture agreement with Embron Group. Deal value: 7 million Euro.

Nunziante Magrone

Nunziante Magrone supports domestic and international corporates and financial operators involved in major transactions and also guides small enterprises through development activities. Francesco Abbozzo Franzi co-heads the team and is an expert in M&A, shareholder agreements and corporate governance.

Practice head(s):

Francesco Abbozzo-Franzi; Fiorella Federica Alvino; Gianmarco Mileni Munari; Gianmatteo Nunziante; Vieri Paoletti


‘Great team, very precise in legal advice. Very proactive.’

‘Francesco Abozzo Franzi – very competent, proactive and wise.’

Key clients

Ainvest Private Equity S.r.l.

Delta Power Hydraulic Co.

Free to X S.r.l. (Gruppo Atlantia Autostrade)

Revzone B.V. REV’IT

Associazione Italiana Camera Moda S.r.l.

CDP Venture Capital

Herbolea Biotech S.r.l.

Infinera S.r.l.


Magaldi Group S.p.A.

Management of Datlas S.r.l.

Mirka Ltd

Mirka OY

Nuroll S.p.A.

Optimas OE Solutions Limited

Performance in Lighting S.p.A.

Sphere S.A.

Société Monégasque Internationale Portuaire S.M.I.P.

Teleperformance-In & OUT S.p.A.


Wipak Bordi S.r.l.

Wipak OY

Work highlights

  • Provided counsel to CDP Venture Capital on the investing round in favour of Macingo – first Italian marketplace for freight transport – through the Fondo Italia Venture II – Fondo Imprese Sud investment fund.
  • Assisted, together with the Chicago office of the US international firm Vedder Price, Delta Power Company, based in Rockford, Illinois, with the sale to Finrel S.p.A. of a quota representing 51% of the corporate capital of Tecnord S.r.l.
  • Assisted REVZONE B.V. REV’IT in the acquisition of the entire (100%) corporate capital of an Italian company active in the production of tailor-made racing suits and accessories for riders and teams.

Studio Legale Padovan

Studio Legale Padovan excels in cross-border M&A, company law, corporate finance and joint venture matters, in addition to a wealth of commercial contractual affairs including distribution, franchising and licensing agreements. Firm founder Marco Padovan heads the department and is well-versed in a number of different industries, including construction and finance.

Practice head(s):

Marco Padovan


Other key lawyers:

José Alberto Alvarez de Cienfuegos Dominguez


‘The team is always ready to help you with competence, organization and rapidity. The people are really gentle and understand your needs.’

‘In general, the competence is high. They understand well what you need to get from the market and help you to clarify the doubts.’

‘The firm has a unique level of sympathy for the client and their needs, and it is a primary resource for internal legal departments to solve all legal problems.’

‘Marco Padovan is a first-class negotiator and litigator, with high level skills and experiences.’

Key clients

BDR Thermea Group B.V.

Maire Tecnimont S.p.A.

Danieli & C. Officine Meccaniche S.p.A.


Acciaierie Valbruna S.p.A.

Webuild S.p.A. (formerly Salini Impregilo S.p.A.)

IMA S.p.A.

Vibac S.p.A.

Bonfiglioli S.p.A.

ABB S.p.A.

Ferrari S.p.A.

Tetra Pak Group

Work highlights

  • Assisting Webuild S.p.A. with all cross-border aspects of the very significant partial demerger of Astaldi and the company’s merger into Webuild.
  • Advising BDR Thermea Group B.V. on a range of commercial activities and addressing specific queries in connection with a number of business issues across Italy, the EU, the US and other countries worldwide.
  • Advising ABB on commercial exports, sanctions and customs issues, as well as assisting with the screening of counterparties to transactions, and advising on the impact of the newly extended sanctions against Russia.

Pirola Pennuto Zei & Associati

Pirola Pennuto Zei & Associati has a considerable number of domestic offices in addition to overseas sites in Beijing, Shanghai, Hong Kong and London; its team directs equal focus to the representation of domestic and overseas entities and is well-placed to support on a number of transaction types including mergers, demergers, spin-offs, joint ventures and reorganisations. Massimo Di Terlizzi and Stefano Tronconi co-lead the team.

Practice head(s):

Massimo Di Terlizzi; Stefano Tronconi

Other key lawyers:

Francesca de Fraja; Nathalie Brazzelli

Key clients









Studio Legale Cappelli RCCD

Studio Legale Cappelli RCCD is home to a rapidly expanding team. The group is proficient in acquisitions, joint ventures, mergers, spin-offs, business sales and investments and is headed by Roberto Cappelli.

Practice head(s):

Roberto Cappelli


‘The firm is competent, skilled and has a wide range of capabilities. Roberto Cappelli is a star with the best solutions always.’

‘Roberto Cappelli – absolutely outstanding.’

‘We engage other law firms but their experts are by far the best.’

Key clients

21 Investimenti SGR S.p.A.

A2A Energia S.p.A.

Alitalia 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.

Bregal Milestone

Capaccioli S.r.l.

Cassa Depositi e Prestiti S.p.A.

CDP Equity S.p.A.

Cinecittà S.p.A.

Credit Agricole Italia S.p.A.

Deva Capital Servicer Company S.L.U.

Eurnova S.p.A.

Evoluzione S.r.l.

Fondo Italiano d’ Investimento SGR S.p.A.

Green Arrow Capital SGR

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.

iCON Infrastructure Partners III L.P.

Illimity Bank S.p.A.

Intrum Italy S.p.A.

Impreme S.p.A.


Leonardo S.p.A.

Magnaghi Aeronautica S.p.A.

Marcegaglia Group

Mediobanca S.p.A.

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.

Three Hills Capital Partners

TIM S.p.A.

Värde Partners, Inc.

UniCredit S.p.A.

Work highlights

  • Advised CDP Equity S.p.A. on the acquisition of Autostrade per l’Italia S.p.A.
  • Advised Marcegaglia Steel S.p.A. on a cross-border acquisition of several plant production sites located in the UK, US and Sweden.

Watson Farley & Williams LLP

Watson Farley & Williams LLP handles M&A, joint venture, corporate finance, restructuring and private equity deals, in addition to commercial contracts. Eugenio Tranchino, a renewable energy sector specialist, co-leads the team with Carlo Cosmelli. Other key sectors include transport, real estate and infrastructure.

Practice head(s):

Eugenio Tranchino; Carlo Cosmelli

Other key lawyers:

Tiziana Manenti

Key clients


Rand S.p.A.

Pink Frogs S.r.l.


Adoria Partners

BrainDTech S.p.A.

Ultramar Invest S.r.l|.

Gate| G|roup Italia

Altamin Ltd

Falck Renewables S.p.A|.

Miltiadis Andronis Single Member Limited


Negroni Key Engineering S.r.l.

Noy Fund and Nofar

Belagreen Nord

Blue Elephant Energy AG


Belagreen Nord S.r.l.

Atlante S.r.l., an Italian subsidiary of Nhoa Energy S.r.l. (formerly Engie EPS)

Smart Energies Transition SA

Estra Energie S.r.l.

Predica Energies Durables

Smart Energies Transition SA

Clere AG

Work highlights

  • Advised Vortex Beteiligungs GmbH on the acquisition of Achab Italia S.p.A.
  • Advised Snam S.p.A. on its US$350m acquisition of Golar LNG NB13 Corporation, owner of the Golar Tundra floating storage and regasification unit, from its parent company Golar LNG Limited.
  • Advised Snam Group on its acquisition from BW Gas Cyprus Limited of 100% of the share capital of FSRU I Limited of Bermuda which, by the expected closing date of end 2023, will own as its sole asset the BW Singapore floating storage and regasification unit.

Withers Studio Legale

At Withers Studio Legale, the team in Italy works in close tandem with the firm’s other offices, spread across sites in the UK, US, Asia and the rest of Europe. Roberta Crivellaro and Sergio Anania co-lead the team, which is focused on supporting individuals, entrepreneurs, family-owned businesses and family offices on their investments abroad, also routinely acting on inbound activities.

Practice head(s):

Roberta Crivellaro; Sergio Anania

Other key lawyers:

Luca Ferrari; Stefano Cignozzi

Key clients

Officine Mak Srl

Horacio Pagani SpA

EXEL Industries SA

Uni Gasket Srl

European Cargo Services (Quinto Group)

Work highlights

  • Assisted the majority shareholders of Horacio Pagani with the sale of a minority shareholding to the sovereign wealth fund of Saudi Arabia (Public Investment Fund – PIF).
  • Assisted EXEL with the purchase of 100% of the Italian company, GF Srl, a major Italian manufacturer of garden equipment.
  • Advised Uni Gasket Srl, Italian leader in the PTFE industry (plastic polymers), in connection with its acquisition of the majority shareholding of Polyfluor BV and Allegri Cesare SpA.