Firms To Watch: Commercial, corporate and M&A

Andersen in Italy focuses on M&A, private equity, spin-off operations, business unit transfers and outsourcing projects. Andrea di Castri leads the offering which is often active on the cross-border front, making use of the Andersen Global network.
BSVA Studio Legale Associato has experience of company sales and joint ventures, demonstrating particular experience in the IT, luxury goods, renewable energy, pharmaceuticals, banking, insurance and foods sectors.
Having opened its doors in January 2020, Squire Patton Boggs’ Italian team is quickly developing a steady track record in corporate and M&A transactions, leveraging the firm’s vast global footprint and an intimate knowledge of the energy and healthcare sectors.
Trevisan & Cuonzo acts for multinationals, medium-sized corporates and non-profit organisations on a diverse array of corporate, commercial contract and M&A affairs; examples include relevant disputes, licensing and distribution deals, product liability and merger due diligence.
Zunarelli – Studio Legale Associato handles a range of corporate deals and is well-placed to support on matters in the Far East, owing to a dedicated office in Shanghai.

Commercial, corporate and M&A in Italy


BonelliErede leverages a broad network both nationally and internationally, operating from Rome, Milan and Genoa in addition to London, Brussels, Dubai, Cairo and Addis Ababa. The practice is a go-to for numerous market-leading entities, both public and private, and is equipped to support on the full suite of business and commercial law matters. Mario Roli, recently appointed as strategic leader of the M&A practice, is an authority within the energy, infrastructure and regulated sectors meanwhile Umberto Nicodano is acclaimed for his work in the luxury, automotive, insurance and banking fields. Elena Busson handles a wealth of transactions, including joint ventures, reorganisations and acquisitions of shareholdings, and Enrico Vaccaro is acclaimed among clients from the financial and payment services, fashion, services, retail, sport, real estate and leisure industries. Roberto Cera remains active within the team, now serving as an of counsel, while at the more junior end, managing associate Livia Cocca is forging a strong reputation in a number of the firm’s key sectors, namely energy, infrastructure and healthcare.

Practice head(s):

Mario Roli

Other key lawyers:

Vittoria Giustiniani; Umberto Nicodano; Elena Busson; Enrico Vaccaro; Roberto Cera; Livia Cocca; Carlo Montagna


‘The strength of the firm lies in the ability to attract and retain talents with excellent legal professionalism with high standing and in the experience / know-how gained over time by the firm by supporting important clients on complex cases.’

‘High professionalism, professional correctness, integrity, independence of judgement, preparation and speed of intervention.’

‘Extremely helpful, always on the piece.’

‘The strength of the team lies in the great preparation, constant updating and the ability to promptly manage customer needs with a very practical and business-oriented approach.’

‘Availability, preparation and empathy are the main characteristics of the professionals of the firm.’

‘Team very well organized and always available for the customer. The team fully understands the needs of customers and sometimes anticipates requests. Very efficient’

‘Great professionalism, above average technical quality and excellent ability to manage human relationships.’

Key clients


CDP Equity


Crédit Agricole Italia




Work highlights

  • Advised Mediaset on the closing of a global agreement with Fininvest and Vivendi to put an end to disputes between companies, providing for the acquisition by Fininvest of the 5% share capital of Mediaset held directly by Vivendi and the commitment by Vivendi to sell on the market progressively the entire 19.19% stake in Mediaset held by Simon Fiduciaria.
  • Assistance to Crédit Agricole S.A. and Crédit Agricole Italia S.p.A. in the acquisition of a stake up to 100% of the share capital of Credito Valtellinese and its subsidiaries by means of a voluntary takeover bid.
  • Assistance to PSA Group in the Italian law profiles related to the merger with Fiat Chrysler Automobiles.


Chiomenti, a domestic firm with international offices in London, New York, Brussels and China, is often involved in the market’s largest transactions, representing domestic and overseas clients alike. Practice head Massimiliano Nitti  directs his focus towards public and private M&A, strategic investments and joint ventures, operating across a broad array of industries such as real estate, hotels, energy and infrastructure; he is able to call upon the widely revered experience of Carlo Croff whose workload spans the full variety of transactions in addition to internal compliance and commercial contract mandates. The team also includes corporate restructuring, public purchase bid and corporate governance expert, Michele Carpinelli, as well as Antonio Sascaro who is particularly accomplished within the real estate field. Marco Maugeri specialises in representing banks, insurance companies and other regulated entities. Recently promoted partner Edoardo Canetta Rossi Palermo frequently handles leveraged buyouts and divestitures. Managing counsel Corrado Borghesan is also an integral member of the team and is well-versed in a number of sectors including media, food, financial services and fashion.

Practice head(s):

Massimiliano Nitti

Other key lawyers:

Carlo Croff; Michele Carpinelli; Antonio Sascaro; Andrea Sacco Ginevri; Edoardo Canetta Rossi Palermo; Corrado Borghesan; Francesco Tedeschini; Luigi Vaccaro; Luca Andrea Frignani


‘Ideal mix of M&A and corporate finance skills in the Italian market and support skills in the field of international transactions.’

‘Ability to act as leader / coordinator and client fronting in case of complex transactions where multiple law firms are involved for different verticals or different jurisdictions.’

‘Carlo Croff and Luigi Vaccaro are highly experienced professionals as well as available. They also have the ability to understand the needs and critical points of the various situations, translating them into practical advice and concrete solutions.’

‘Strong spirit of adaptation and rapid understanding of key legal issues in the negotiation field, with excellent ability to propose solutions.’

‘Edoardo Canetta and his team have demonstrated excellent knowledge and expertise in the field of M&A and financing transactions.’

‘Chiomenti demonstrates strong mastery of skills, attention to detail and at the same time a holistic view of the subjects dealt with.’

‘Edoardo Canetta Rossi Palermo for his dedication, availability and full control / competence of the subjects dealt with.’

‘The excellent and recognized reputation of the firm’s professionals is an important element that contributes to giving authority to the firm’s opinions.’

Key clients

The Friedkin Group

Kohlberg Kravis Roberts & Co Partners Llp


Bper Group

Valagro S.P.A.

Investindustrial Group

Cassa Depositi E Prestiti


Allianz S.P.A.

Lcp Italy S.R.L.

Prelios Group

Life Care Capital S.P.A.

Allianz Group

Mediacom Communications Corporation

Capvis General Partner V Ltd.

Unipol Group

Warburg Pincus International Llc

Coima Sgr S.P.A.

Snam S.P.A.

Best In Parking & Real Estate Ag

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

Coop Alleanza 3.0 Società Cooperativa

Julius Baer Group


Silver Fir Capital Sgr S.P.A.

Gavio Group




Cir S.P.A. – Compagnie Industriali Riunite

Zambon Group

Henderson Group

Bnp Paribas

Aedes (Group)

Astm S.P.A.


Work highlights

  • Advising Investindustrial Investment Holding S.À R.L. on the sale to Black Diamond Capital Management LLC of the equity interest in Polynt-Reichhold.
  • Advising Nuova Argo Finanziaria S.p.A. as legal adviser on the voluntary tender offer for all the shares of ASTM S.p.A., in order to pursue the delisting of the issuer.
  • Advising Finanziaria d’investimento Fininvest S.p.A. and Mediaset S.p.A. on the settlement agreement between Mediaset S.p.A., R.T.I. – Reti Televisive Italiane S.p.A., Finanziaria d’investimento Fininvest S.p.A., Vivendi S.E., Financière de l’Odet S.E., Dailymotion S.A., Simon Fiduciaria S.p.A., and Ersel SIM S.p.A., with the objective to conclude a global agreement to terminate all disputes among the parties.

Gianni & Origoni

A firm with ‘longstanding experience and an unparalleled track record’, Gianni & Origoni is particularly active on the cross-border front, owing to its offices in London, Hong Kong, Abu Dhabi, Brussels, New York and Shanghai, as well as a number of dedicated international desks. Founding partner Francesco Gianni  is also a member of the New York Bar and is a veteran of countless public and public-to-private M&A transactions. The team also includes Andrea Aiello , who combines his transactional prowess with joint venture, shareholder and commercial agreement expertise, as well as energy and real estate sector specialist, Gerardo Carbonelli. Luca Giannini is a standout for his work on the negotiation and structuring of acquisition agreements while Raimondo Premonte operates across a varied roster of industries including IT, fashion, pharmaceutical, telecoms and real estate. Recently promoted partner Chiara Gianni provides the group with restructuring, by-law and corporate resolution knowhow while, at counsel-level, Mattia Casarosa is well-versed in takeover bids, demergers and business disposals.

Practice head(s):

Francesco Gianni

Other key lawyers:

Andrea Aiello; Gerardo Carbonelli; Luca Giannini; Mattia Casarosa; Chiara Gianni; Alfredo D’Aniello; Antonio Segni; Raimondo Premonte; Francesco Puntillo


‘Alfredo d’Aniello is always available; he is very helpful with any requests we may have. A very brilliant lawyer with very good expertise. He understands the issues that his clients may have. Alberto Punzi was also a great help in our cases.’

‘The firm is able to offer 360-degree solutions in all areas of law, covering them with some of the most accredited professionals in Italy.’

‘Being a purely Italian-based firm, it has had the ability to create an international network of leading law firms that allow Italian clients to receive legal assistance from excellent professionals in almost all countries of the world.’

‘I work mainly with Andrea Aiello on all issues concerning listed companies. I believe that in Italy at the moment there are few professionals who can boast skills and experience in the sector comparable to those of Andrea Aiello.’

‘Francesco Puntillo, Francesco Bruno, Angelo Crisafulli and the other lawyers of the team (primarily Alessio Contini) are distinguished by their undisputed technical skills, great professionalism, intelligence; the ability to always meet the needs of the customer.’

‘The team is full service, reliable and professional. They collaborate well within teams but also with clients and other law firms.’

‘Respectful of the deadlines and of the fee quotes and budgets allocated.’

‘Francesco Puntillo is certainly a point of reference in the M&A sector with particular reference to the energy sector, but not only. The ability to always find winning solutions ensuring the highest level of protection for the customer in every situation make Francesco an absolute leader’

Key clients



Assicurazioni Generali

Atlantia S.p.A. (Edizione Holding)

Enel X Italia Srl

Cassa Depositi e Prestiti

Ergon Capital

Esselunga S.p.A.

Euronext N.V.

Ferrovie dello Stato

Hitachi Ltd

Italian Football League (Serie A)

LivaNova PLC


Poste Italiane


Telepass S.p.A.

Terra Firma

Trevi Group


Telecom Italia S.p.A.

Work highlights

  • Assistance to Atlantia in relation to its exit from Autostrade per l’Italia S.p.A. (ASPI) – its main asset, Italy’s toll road operator responsible for the maintenance of the Genoa bridge, which collapsed two years ago – as a consequence of a dispute with the Italian government and related political prominence.
  • Assistance to Telecom Italia S.p.A. in relation to the sale of a 37.5% stake in FiberCop to the US-based private equity company KKR.
  • Assistance to Euronext in the acquisition from London Exchange Group of 100% of LSEG Holding Italia, the holding company of Borsa Italiana Group and in the agreement with CDP Equity and Intesa Sanpaolo for the subscription of Euronext’s capital increase.

Cleary Gottlieb Steen & Hamilton

Cleary Gottlieb Steen & Hamilton is praised by clients for its ‘unparalleled expertise in cross-border transactions’. Giuseppe Scassellati-Sforzolini has headed the practice since the early 1990s and is adept in the full array of corporate transactions including public and private M&A, takeover bids, restructurings and joint ventures; he is especially knowledgeable in regulated industries, including financial services, telecoms, media and energy, and is supported by Roberto Bonsignore, a ‘pre-eminent lawyer in Italy for complex M&A transactions’. The third integral partner within the practice is Matteo Montanaro, who is highly proficient in both domestic and multijurisdictional deals, including acquisitions, divestitures and corporate reorganisations. Counsel Paolo Rainelli provides the team with corporate governance and insurance regulation capabilities and, alongside senior attorney Gerolamo da Passano, has supported on a number of standout matters of late.

Practice head(s):

Giuseppe Scassellati-Sforzolini; Roberto Bonsignore; Matteo Montanaro

Other key lawyers:

Paolo Rainelli; Gerolamo da Passano


‘Quality of advice and involvement of shareholders.’

‘Matteo Montanaro is very business friendly and practical; pragmatic for problem solving.’

‘The experience has always been very positive thanks to the availability and proactivity of our representatives and to the extensive worldwide network of the firm which proved to be particularly useful in all phases of the complex operation carried out and also in subsequent problems at the level of individuals. vendors.’

‘Market leading team with unparalleled expertise on complex cross-border transaction.’

‘Cleary Gottlieb is one of the few law firms that can provide top-notch services across the various jurisdictions where they operate and ensure that offices work truly as a one firm in the interest of the client’

‘Roberto Bonsignore is one of the pre-eminent lawyers in Italy for complex M&A and private equity transactions. Roberto is a very technical lawyer and brings gravitas and experience to any table.

Key clients



Asterion Industrial Partners







Smurfit Kappa





Acciaierie Beltrame

CNH Industrial

Work highlights

  • Acted for ArcelorMittal in the negotiation of an agreement with the state-owned investment company Invitalia, under which the parties will establish a public-private partnership for the development of the former ILVA steelworks.
  • Acting for A2A on the signing of a non-binding term sheet with Ardian concerning a partnership for the generation and supply of energy in Italy.
  • Acting for Euronext on the acquisition of the Borsa Italiana Group (Borsa Italiana) from the London Stock Exchange Group plc (LSEG) for a cash consideration of €4.4bn.

Clifford Chance

Clifford Chance combines a long-standing presence of over 25 years in Italy with a considerable international network, numbering over 500 professionals in Europe alone. Practice head Paolo Sersale thrives in respect of public and private M&A, in addition to corporate restructurings, and is supported by energy and infrastructure specialist, Umberto Penco Salvi, as well as Claudio Cerabolini who is particularly sought after by real estate companies. At the more junior end of the partnership spectrum, Filippo Isacco is an up-and-coming name who is notably dual-qualified as a charted accountant.

Practice head(s):

Paolo Sersale

Other key lawyers:

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


Very collaborative and take the initiative to find solutions and keep projects on track.

Claudio Cerabolini and Francesca Casini, along with their colleagues, were a great team to work with. They worked extremely hard and collaboratively to help us complete our transaction. They are always clear and calm and worked with us to find solutions and keep our project moving forward.

Key clients




Partners Group

Assicurazioni Generali

Cassa Depositi e Prestiti


Davide Campari-Milano



Fiat Chrysler Automobiles


LIXIL Group Corporation



Prudential Financial



Work highlights

  • Advised a consortium comprising Cassa Depositi e Prestiti, Blackstone Infrastructure Partners and Macquarie Infrastructure and Real Assets on the purchase of the 88.06% equity interest held by Atlantia in Autostrade per l’Italia S.p.A. for a total value of approximately €9.3bn.
  • Advised Partners Group on the acquisition of a significant equity stake (49%) in Telepass S.p.A, a leading electronic toll collection services provider in Europe.
  • Assisted Ardian, through its portfolio company Dedalus Holding, with tax profiles related to the acquisition of the Healthcare Software Solutions business of DXC Technology.

Gattai, Minoli, Partners

With offices in both Rome and Milan, domestic firm Gattai, Minoli, Partners is active on both the local and multijurisdictional fronts, largely consisting of lawyers who have garnered experience at international firms. The team is overseen by Bruno Gattai, widely considered a leading name for private equity transactions, and includes Luca Minoli, an expert for transactions in the manufacturing, construction, energy and engineering sectors. Gerardo Gabrielli is likewise accomplished in a number of different sectors, namely energy, food and fashion, and Federico Bal counts his fluency in French as a key differentiator. Counsel Damiano Battaglia provides the group with extensive commercial contract expertise.

Practice head(s):

Bruno Gattai

Other key lawyers:

Luca Minoli; Gerardo Gabrielli; Federico Bal; Damiano Battaglia


‘Professionalism and preparation.’

Key clients

CVC Capital Partners

Bain Capital

Intermediate Capital Group (ICG)

Giochi Preziosi




Open Fiber





Work highlights

  • Advised CVC Capital Partners (and the CVC-Advent-Fsi investment fund consortium) on the attempted acquisition of a 10% participation of a new Lega Serie A media company to be formed with the aim to manage and market television rights.
  • Advised a consortium consisting of Bain Capital and NB Renaissance Partners on the acquisition of Engineering Ingegneria Informatica S.p.A. from Apax Partners and a different NB Renaissance Partners fund.
  • Advised Illycaffé on the sale of a minority stake to PE firm Rhone Capital, aimed at accelerating growth of the Illy Group in the US.

Gatti Pavesi Bianchi Ludovici

In January 2021, Gatti Pavesi Bianchi merged with specialist tax firm Ludovici Piccone & Partners to form Gatti Pavesi Bianchi Ludovici. The combined entity’s M&A team, now bolstered by extensive tax expertise, is particularly busy within the financial services, fashion, healthcare and industrial sectors and is co-led by Francesco Gatti  and Carlo Pavesi; the former runs a broad practice spread across financing, corporate litigation, M&A and competition regulations while the latter focuses on debt restructuring, IPOs, banking and insure joint ventures, acquisitions and demergers. Stefano Valerio is extremely active on the cross-border front, leveraging the firm’s London and Luxembourg offices and Alessandra Ghezzi is building a prominent reputation for takeover bids, commercial contracts and shareholders’ agreements.

Practice head(s):

Francesco Gatti; Carlo Pavesi


Other key lawyers:

Alessandra Ghezzi; Franco Barucci; Andrea Giardino; Gianni Martoglia; Stefano Valerio; Alessandro Cipriani


‘Excellent knowledge of the banking, insurance and asset management sectors.’

‘Innovative solutions.

‘First-class study in the depth of analysis, strategic vision and knowledge of the market and its players.’

‘The advice provided has a surplus value that normally goes well beyond the technical proficiency of its professionals.’

‘Carlo Pavesi remains outstanding for his ability to read the situation and the negotiation.’

‘Alessandro Cipriani provides technically solid assistance and vigorous and precise drafting.’

‘Stefano Valerio and his team assisted with great attention to detail and the ability to follow an operation without errors for a very long time.’

‘Gianpaolo Scandone is very familiar with the technical aspects of a sales contract which, combined with his innate analytical ability as well as the balance he shows in relationships, makes him a true business partner able not only to take care of the technical aspects of a operation but also to advise the customer in the best way.’

Key clients

ASTM Group

Banco BPM S.p.A.

Banca Carige S.p.A.

Golden Goose Group

Edison S.p.A.

Intesa Sanpaolo. S.p.A.

Meil Group

Moncler S.p.A.

QuattroR SGR SpA

Recordati S.p.A.

Work highlights

  • Advised Moncler S.p.A. on the acquisition on 100% of Sportswear Company.
  • Advised Banco Bpm S.p.A. on redefining the exit rights and the terms and procedures in the context of the partnership in the bancassurance sector with Cattolica Assicurazioni.
  • Advised Arnoldo Mondadori Editore S.p.A. on the acquisition of 100% of the share capital of De Agostini Scuola, one of the main operators of school publishing in Italy.

Legance - Avvocati Associati

Legance – Avvocati Associati is an independent Italian firm with international offices in both New York and London; it covers the full array of deals including M&A, shareholder and voting agreements , takeovers, and joint ventures, operating in industries as varied as real estate, pharmaceuticals, energy, transport, banking, insurance and manufacturing. Senior partner Filippo Troisi has a track record handling many of the market’s most prominent transactions, including those with a cross-border element, and works alongside Alberto Giampieri, who has a wealth of experience in spin offs, mergers, acquisitions and divestitures, both public and private. The team benefits from notable strength in-depth with junior partners Andrea Botti and Federica Pomero  both forging prominent reputations for purchase and shareholder agreements, among other forms of commercial contracts. Alberta Figari is a new arrival from Clifford Chance and has gained significant exposure to supporting overseas entities with their inward investments into Italy. Beyond partner-level, counsel Laura Li Donni is extremely adept in financial market regulations. Andrea Sacco Ginevri recently joined from Chiomenti.

Other key lawyers:

Filippo Troisi; Bruno Bartocci; Alberto Giampieri; Giovanni Nardulli; Gian Paolo Tagariello; Alberta Figari; Andrea Botti; Federica Pomero; Laura Li Donni


‘The firm has a great knowledge of the Italian market and context together with an innovative technical quality and an excellent knowledge of the international context.’

Key clients

Abertis Infraestructuras


Advent International


Apax Partners

Apollo Global Management

Armònia SGR

Bain Capital

Banca Farmafactoring




Brystol – Myers Squibb


Cabot Square Capital

Cale Street Partners

Canson Capital Partners


Cassa Depositi e Prestiti


Change Capital Partners

Charme Capital Partners

Costa Crociere (Carnival Group)


Deutsche Asset Management (formerly Deutsche Alternative Asset Management)

Emerson Electric

Energean Oil & Gas


Fiat Chrysler Automobiles

First Reserve

Flexitallic Investment Inc.

Fortress Investment Group

Generali Group

GIC Private Limited


Intel Corporation Italia


IPI Partners

IWG plc

JSW Steel

Lone Star

Mandarin Capital Partners

Martin-Baker Aircraft Co. Ltd.

MBDA Italia



Neuberger Berman




Green arrow Capital SGR







Tower Research Capital


VAM Investments


York Capital Management

Work highlights

  • Assistance to FCA in the completion of the cross-border merger with the French group Psa that has resulted in the establishment of Stellantis.
  • Assistance to Nexi and Mercury UK HoldCo (Advent International, Bain Capital, Clessidra) in the maxi cross-border merger of Nets, the leading PayTech in the Nordic countries.
  • Assistance to CDP on the agreement with Tim to create a single national fibre network.

Pedersoli Studio Legale

Pedersoli Studio Legale, which has offices in Roma, Turin and Milan, supports at each stage of the corporate transaction process, from structuring and agreement drafting through to due diligence, regulatory issues and post-closing activities. Carlo Pedersoli and Giovanni Pedersoli are experts when it comes to deals in the banking sector and Ascanio Cibrario has expertise in the luxury field. Antonio Pedersoli fronts the firm’s China practice, often acting for the nation’s state-owned enterprises, and the team also includes Luca Saraceni whose core strengths include complex commercial contracts. Recently promoted partner Luca Rossi Provesi is noted for his ‘deep knowledge, availability and precision‘.

Other key lawyers:

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


‘Very professional and knowledgeable team. Business minded and proactive coming up with different ideas and new angles.’

‘Eugenio Barcellona is a terrific professional; very knowledgeable and easy to work with, and accommodating of transaction specific requirements.’

‘Ability to propose very tailored solutions, 100% commitment in terms of time and senior resources to the deals Proactive in problem solving, ahead of other competitors.’

‘Alessandro Marena has proved to be one the of the most experienced and skilled M&A lawyers.’

‘The management of relationships with all the various parties involved has always been of great value, proving to be able to better manage the various stages of operations.’

‘Alessandro Marena and Luca Rossi Provesi – are extremely good professionals, available and with great negotiation and relationship skills.’

‘Solid and diversified skills capable of providing comprehensive assistance, coordination also for activities on foreign markets where the firm is not present, ability to think for the client in the long-term.’

‘Extremely competent and concentrated on every detail of the negotiation.’

‘They have always been able to anticipate any obstacles by proposing advantageous and shareable solutions.’ 

Key clients

Intesa Sanpaolo Group

FSI – Fondo Strategico Italiano




Fideuram – Intesa Sanpaolo Private Banking

Intesa Sanpaolo Vita

Banca di Asti

Campari Group




Work highlights

  • Assistance to the Intesa Sanpaolo Group in connection with the voluntary public exchange offer for 100% of the shares of Unione di Banche Italiane (UBI) valued at c.€5.48bn, including the transfer to BPER Banca of a going concern consisting of over 500 branches, valued at c. €660m.
  • Assistance to DiaSorin, an Italian multinational company listed on the FTSE MIB index, a global leader in the field of in vitro diagnostics (IVD), in a $1.8bn merger agreement for the acquisition of Luminex, a US-based company that develops, manufactures and sells proprietary technologies and products for biological tests with various applications in the diagnostics and life science sectors and market leader in multiplexing molecular diagnostics.
  • Assistance to Fideuram – Intesa Sanpaolo Private Banking in an agreement with State Street Bank International GmbH (Luxembourg Branch) to assume the depositary bank and fund administrator activities presently performed by its subsidiary Fideuram Bank Luxembourg. The depositary and fund administration functions assumed by State Street include approx. €42bnof assets.


Noted for its ‘extensive experience and deep and wide bench’, ADVANT Nctm has a presence in London, Shanghai and Brussels, in addition to its local offices in Rome and Milan. The practice is geared for M&A, private equity and corporate finance mandates, placing a high degree of emphasis on the TMT, energy, credit and financial services, biomedical and pharmaceutical sectors. Matteo Trapani  heads the team and is notably admitted to both the Italian and New York bars; he is supported by founding partners Paolo Montironi, particularly well-versed in leveraged buyouts, and Alberto Toffoletto who, in addition to commercial transactions, also handles litigation, arbitration and antitrust mandates.

Practice head(s):

Matteo Trapani

Other key lawyers:

Paolo Montironi; Alberto Toffoletto; Pietro Zanoni


‘This is simply one of the strongest practices in the Italian market. Extensive experience, and a deep and wide bench.’

‘Pietro Zanoni stands out. In addition to being an excellent lawyer, he also has considerable business acumen and is very commercial.’

Key clients

Vodafone Europe B.V.

IMA S.p.A.

International Game Technology Plc

Krause Group

IDeA Taste Of Italy

Pavese Family

L Catterton

Snam S.p.A.

British Telecom Plc

Acea Energia S.p.A.

Work highlights

  • Assisted in relation to the sale of the entire stake of Lottomatica Scommesse and Lottomatica Videolot Rete, Lottomatica’s businesses linked to sports betting (under the Better brand) and slot machines, to Gamenet Group, a subsidiary of the Apollo Global Management fund. Deal value: €950m.
  • Assisted Comer Industries with the signing of an agreement for the acquisition of 100% shares of WPG Holdco for €203m.
  • Assisted De Agostini Scuola with the sale of 100% of the shares of the company to Mondadori Group for an overall value of €157.5m.

Allen & Overy - Studio Legale Associato

Allen & Overy – Studio Legale Associato has been active in Italy for over 20 years, offering on-site expertise in both Milan and Rome. The corporate and M&A practice caters to domestic and international clients in public and private transactions across a wide breadth of sectors with Giovanni Gazzaniga particularly active in the financial services, energy, telecoms, transport, food, industrial and fashion fields. Paolo Ghiglione is well-versed in asset and share transactions, mergers, de-mergers and joint ventures and Paolo Nastasi provides the team with industrial, real estate and private equity transaction capabilities. At the more junior end, Antonio Ferri is a key contact for reorganisations, restructurings, cross-border mergers and regulatory affairs.

Practice head(s):

Giovanni Gazzaniga; Paolo Ghiglione; Paolo Nastasi

Other key lawyers:

Antonio Ferri; Marco Biallo; Enrico Roveda


‘The highest level of efficiency I have ever seen. It’s such a pleasure working with the A&O team, always so knowledgeable, resourceful, diligent, creative.’

‘Their expertise, and loyalty. When I reach out to Giovanni Gazzaniga, or Antonio Ferri, I feel supported, my project is their project, my issues are theirs. That’s what makes them so unique: there are so many good firms out there, but Allen & Overy has that extra something that makes them the benchmark for other firms that I work with.’

‘The team is composed with varying levels of seniority, but works with truly impeccable fluidity and coordination. Diversity is fully respected and represented. Key skills are: commitment, precision, availability, courtesy. The commitment and dedication to highly complex transactions are characteristics that are difficult to find in other teams of other law firms in my recent experience.’

‘Great ability to listen to customer needs and propose customized solutions with a very competent and complete team.’

‘Giovanni Cazzaniga is an excellent authoritative and competent leader, Antonio Ferri  provides precise and effective support.’

‘Excellent quality of collaborators, great availability of time, excellent human profile’

‘Paolo Nastasi and Enrico Roveda are excellent professionals who put themselves at the complete disposal of customers.’

Key clients

Aermont Capital

Alantra EQMC Asset Management

Algebris Investments

Apax Partners

Apollo Global Management

Assicurazioni Generali

Associated British Foods (AB Mauri / Primark)


Business Integration Partners

Coima SGR


Epic SIM




Kew Capital


MIR Capital



Pamplona Capital Management

Starwood Capital

The Riverside Company

The Space Cinema

Wolters Kluwer

Work highlights

  • Advised on the €1.3bn 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 on Eni’s acquisition of Dhamma Energy Group, which holds a platform for the development of solar plants in France and Spain for almost 3GW in total.
  • Advising the funds managed by Apollo Global Management, through newco Rimini Bidco Srl, on the acquisition of a majority stake in Reno De Medici from its two top shareholders, Cascades and Canadian pension fund Caisse de dépot et placement du Québec.


Dentons is home to 1,500 M&A lawyers globally and its Italian lawyers, split across Rome and Milan, are adept in the full array of transactions including cross-border M&A, corporate reorganisations, private equity deals and capital markets transactions. The practice is led by Alessandro Dubini who is also a specialist in corporate governance and commercial contracts and is hailed for his ‘rock solid legal expertise and high regard for clients’; his team also includes Pier Francesco Faggiano, an expert in the food and beverage, healthcare and manufacturing sectors, and counts its dedicated collaboration groups for Germany, China and France as a key point of differentiation. Stefano Ambrosioni, formerly of Gianni & Origoni, joined the team in March 2022.

Practice head(s):

Alessandro Dubini

Other key lawyers:

Pier Francesco Faggiano; Luca Pocobelli; Barbara Urselli; Stefano Ambrosioni


‘The main reason for choosing Dentons is the full service approach and the dream teams, always delivering a high quality service.’

‘The professional relationship started with the corporate partner Alessandro Dubini, with whom I built a deep relationship of trust, and over time it grew stronger and stronger, along with the relationship with the lawyers of the other departments of the firm.’

‘Its internationality and ability to assist all over the world, anywhere, without problems. The innovations on the billing system are exceptional.’

‘Pier Francesco Faggiano: prepared and able to go straight to the point. Legal skills and managerial skills of exceptional legal projects.’

‘The entire team is highly motivated and works very closely with the respective colleagues in other legal areas at Dentons Italy and optimally coordinates all necessary cross-legal issues. The cooperation with the Dentons colleagues in China is also very good.’

‘Excellent combination of individual care and support from a large studio with an international presence.’

‘Preferential relationship with lawyer Alessandro Dubini, great harmony, great ability to grasp the customer’s needs.’

‘Punctual, effective and with high added value. Reference partner was Barbara Urselli.’

‘My company has transactions throughout the world. We often use Dentons to assist us. The team that we had assisting us in a significant transaction in Italy was fantastic.’

Key clients


Vauban Infrastructure Partners

Poste Italiane


Shanghai Xingmin Intelligent Technology Co., Ltd

Rai Way S.p.A.

Microvast INC.

Maire Investments S.p.A.

Media Vision Holding S.àr.l.

Alpha Credit S.p.A.


Work highlights

  • Assisting Poste Italiane in relation to the binding framework agreement for the acquisition of 51% stake in the voting share capital of Sengi Express, a Cloud Seven Holding Limited company. 
  • Assisting Shanghai Xingmin Intelligent Technology Co., Ltd with the acquisition of LPE S.p.A., an Italian manufacturer active in the development, production, sale and installation of products for the semiconductor industry, including the manufacture of substrates and epitaxial layers.
  • Assisting the minority shareholders of YAM112003 with the management buyout of a 51% participation held by Endemol Shine Italy (now part of Banijay group), resulting in the client managing 100% of YAM112003’s corporate capital.

DLA Piper

Lawyers at DLA Piper’s Rome and Milan offices generate the bulk of their work locally though operate in close collaboration with the firm’s extensive international network. The team is jointly led by Wolf Michael Kühne  and Giulio Maroncelli; the former is a go-to for transactions which intersect the domestic and German markets while the latter is a prominent name for deals in the energy sector. Other standout practitioners include Goffredo Guerra, a lawyer thoroughly experienced when it comes to spin-offs, divestments, mergers and joint ventures and reorganisations, as well as Danilo Surdi whose key fields of focus include acquisitions, demergers and reorganisations. Gabriele Arcuri is a new arrival from Gianni & Origoni and arrives with a track record in drafting share purchase and shareholders’ agreements, as well as commercial contracts.

Practice head(s):

Wolf Michael Kühne; Giulio Maroncelli

Other key lawyers:

Goffredo Guerra; Danilo Surdi; Gabriele Arcuri


‘We worked a lot with Goffredo Guerra. I found him to be very pragmatic and commercial and he understood the commercial priorities of our transaction.’

‘Highly skilled team in the M&A field. The high number of deals followed and the multidisciplinary approach make the firm one of the most complete and competent players in the Italian panorama relating to extraordinary transactions.’

‘They have a high level of specialization in many fields as well as having a strong internationalization, but coordination is guaranteed by the partner with whom we have a long history.’

‘Exceptionally cohesive and technically high level team that knows how to anticipate the needs and requests of the customer.’

‘Competence at the highest levels, organization, proactivity, clarity of presentation, empathy, professionalism.’

‘In-depth knowledge of the energy sector.’

‘Ability to translate legal processes and concepts into priorities and concrete actions.’

‘Positive attitude in facing problems looking for solutions.’

‘In Italy, we have not found a better team than DLA’s on the energy sector. The service is always at the top, on every discipline (administrative, commercial, financial) and on every document (due diligence, contracts, litigation, paralegal work)’

‘Giulio Maroncelli: excellent professional, unmatched analytical skills. Dedication and commitment out of the ordinary.’

Key clients



Poste Italiane S.p.A.

Assicurazioni Generali S.p.A.


Consorzi Agrari d’Italia

Italian Entertainment Network S.p.A.

EDP Energia Italia S.r.l.

AS Roma

Work highlights

  • Advised Polhem Infra KB on its acquisition of Telia Carrier.
  • Acted on the sale of the Serie A Football Club AS Roma to The Friedkin Group.

Hogan Lovells International LLP

Hogan Lovells International LLP is particularly reputed within the life sciences, TMT, financial services, luxury goods, food and beverage, real estate, energy and automotive sectors. Leah Dunlop, who originally started her career in the firm’s London office, leads the practice and is hailed as ‘wonderful to work with’. Her team recently launched an Italian-Mexican desk and includes Luca Picone, who is an authority on share purchase agreements, de-mergers, tender offers, leveraged buy-outs and share purchase agreements, having authored publications on the aforementioned topics. At counsel-level, Martina Di Nicola is principally focused on sale and purchase agreements, corporate reorganisations and joint ventures.

Practice head(s):

Leah Dunlop

Other key lawyers:

Antonio Di Pasquale; Luca Picone; Marco Rota Candiani; Francesco Stella; Matrina Di Nicola


‘Well-composed team with very knowledgeable experts working smoothly together. Reactive, quick and precise. Good client attitude and empathy. Good value for money and generally good and solid results.’

‘Luca Picone is a very solid lawyer with diplomatic excellence and outstanding negotiation skills.’

‘The Hogan Lovell’s teams in Rome and the UK have been extremely supportive on a number of corporate, commercial and M&A topics. Answers to complex often cross border questions are always close at hand, detailed and accurate.’

‘The team is very pragmatic, helping the discussion not only with the legal detail but the practical approach. They have all remained available through the pandemic. Leah Dunlop in particular is a wonderful partner to work with.’

‘Value for money, expertise, flexibility.’

‘Francesco Stella is a very tough and skilled negotiator. However he always manages to find fair compromises.’

‘Antonio Di Pasquale – high technical and professional skills, ability to interpret and evaluate the context and the dynamics characterising it and ability to identify objectives and strategies to be pursued.’

‘Leah Dunlop was a star when wrestling a difficult acquisition into fruition.’

Key clients

Argo Group


BNP Paribas Cardif

Ciemmeci Fashion S.r.l.

CNP Assurances

Dana Incorporated

DGS S.p.A.

Enel S.p.A.

Enel X S.r.l.

Fressnapf Beteiligungs GmbH

Giuntini S.p.A.

Hergo Biometane Italia s.r.l.


Manifatture Cesari s.r.l.

Mely’s Maglieria S.r.l.

Newlat Food S.p.A.

PM s.r.l.

Romolini s.r.l.

Trusendi Libero Costruzioni s.r.l.

Work highlights

  • Assistance to BNP Paribas Cardif in the sale of 100% of Cargeas Assicurazioni to Intesa Sanpaolo Vita.
  • Assistance to Enel in the acquisition by Enel Produzione S.p.A. of the entire share capital of ERG Hydro S.r.l., which owns a portfolio of hydro plants for an installed capacity of 527 MW.
  • Advised Newlat Food S.p.A., listed on the Milan Stock Exchange, on its acquisition from Speedboat Acquisitionco Limited of the entire share capital of the Symington’s Group for a total post-adjustment consideration of £53m, equal to €62.13m.

Latham & Watkins LLP

Latham & Watkins LLP fields an ‘international team with experts in various sectors and a modern and flexible approach’. Cataldo Piccarreta, appointed as local corporate department chair in March 2021, oversees the practice, leveraging years of experience in cross-border transactions, general commercial matters and corporate governance mandates. Former practice head Stefano Sciolla now serves as managing partner of the Milan office and in a further development of note, Giorgia Lugli made partner in recognition for her work across the firm’s corporate, private equity and restructuring offerings. Another up-and-coming partner within the team is Giancarlo D’Ambrosio, a specialist within the sports, entertainment, fashion and media sectors who is adept at all manner of deal types including joint ventures, M&A and private equity investments.

Practice head(s):

Cataldo Piccarreta

Other key lawyers:

Stefano Sciolla; Giorgia Lugli; Giancarlo D’Ambrosio; Giovanni Sandicchi


‘International team and expert in various sectors, modern and flexible approach.’

‘Prompt response to the customer, flexibility in evaluating the various international approaches.’

Key clients

The Carlyle Group

Bain Capital

BC Partners


Global Infrastructure Partners

TA Associates

Morgan & Stanley

Sky Italia



Pai Partners



CVC Capital Partners


Cerved Group

F.C. Internazionale


Orrick, Herrington & Sutcliffe

Orrick, Herrington & Sutcliffe is extremely active in terms of cross-border transactions with particular expertise in the banking and financial services, healthcare and life sciences, energy and technology sectors. Alessandro De Nicola is noted for his ‘great experience’ in M&A, commercial matters and corporate governance projects. Paola Barometro was promoted to the partnership in February 2022 and garners client acclaim for her 'exceptional technical skills'. Marco Nicolini left the firm in late 2021.

Practice head(s):

Alessandro De Nicola

Other key lawyers:

Guido Testa; Attilio Mazzilli; Anna Spanò; Marco Mancino; Paola Barometro


‘The team focuses heavily on innovation and the efficiency of legal services, also through IT tools and the creation of internal databases to provide access to the client. Excellent investment in alerts and training available to the customer.’

‘Excellent availability and flexibility in adapting the modalities of the legal service to the client’s needs, while maintaining high quality standards.’

‘Paola Barometro is an outstanding professional with an approach always oriented towards effective solutions and able to provide accurate and fast support. She has a great ability to understand the needs of the business and translate them into legal assistance, playing the role of a true business partner. Paola is not only endowed with exceptional technical skills but takes care of the client’s needs.’

‘Alessandro Vittoria, and his staff, followed my company with a commitment that went far beyond my expectations, sacrificing weekends and night hours to carry out our requests, guaranteeing a 360-degree presence, always punctual and never distracted or generic.’

‘Very competent, flexible, organized and professional professionals.’

‘Fast and professional responses; moreover, the availability of the team is undoubtedly higher than the average of the other studios we have had contact with over the years.’

‘Guido Testa summarises the spirit of the firm in a single person and understands the needs of business clients. His vision is not traditional but holistic in the true sense of the word.’

Key clients



Allianz Group

Auchan Retail International

Banca Popolare di Bari S.c.p.a

Banca Sella Holding S.p.A.

Bending Spoons

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.


Società Italiana Traforo del Montebianco


Synergo Capital SGR


Work highlights

  • Advised outpatient diagnostics company Cerba HealthCare on the high-value acquisition of the entire share capital of Lifebrain, one of the largest Italian providers in clinical laboratory testing, from Global Healthcare Services Sàrl.
  • Assisted Enel X with the merger control and corporate aspects of the creation of a large joint venture with the Volkswagen group that will deploy and then operate the first nationwide network of ultra-fast charging stations for electric vehicles in Italy.
  • Advised Banca Sella Holding S.p.A and its portfolio company, Fabrick S.p.A, on the sale of a 50% stake in Hype S.P.A (a company that operates as an e-money institution based in Biella) to illimity Bank S.p.A.; as part of the transaction, Banca Sella also gains a 10% stake in Illimity.

White & Case LLP Italy

White & Case LLP Italy’s Milan offices counts its capacity to provide on-site Italian, US and English law as a key point of distinction. The team is naturally extremely active in multijurisdictional deals, often handling outbound mandates, and is particularly accomplished in respect of public, pharma and infrastructure-related M&A. Leonardo Graffi, dual-qualified in both Italy and New York, is also active in the banking, insurance, automotive, tech, aviation and retail fields and Alessandro Seganfreddo is a go-to for companies within the transport, TMT and financial services fields.

Practice head(s):

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

Key clients

Adler Pelzer


Alha Holding






Autogrill Group

Autostrade per l’Italia

Cellnex Italia


Cerved Group




Do Value

DP Group

I.M.A. – Industria Macchine Automatiche



International Game Technology




Libero Acquisition

Lowa Sportschuhe

Mercedes Benz Italia





Takeda Pharmaceuticals

Tecnica Group

Victoria Plc

Accelero Capital

Antin Infrastructure Partners

Arjun Infrastructure Partners

BC Partners


CEE Equity



CVC Capital Partners

Elliott Capital

Evolution Equity Partners

First State Investments


IK Investment Partners


InfraVia Capital Partners

Megg Invest

Muzinich & Co.

PFH Palladio Holding

Peninsula Capital

ProA Capital


Trilantic Capital Partners



Banco BPM

Goldman Sachs

Intesa Sanpaolo

JP Morgan


Work highlights

  • Represented BC Partners LLP in (i) its acquisition of a 19% in SOFIMA, the holding company that controls IMA S.p.A.        
  • Represented International Game Technology Plc, a NYSE-listed company, in connection with the sale by its wholly-owned subsidiary Lottomatica Holding S.r.l. of 100% of the share capital of Lottomatica Videolot Rete S.p.A. and Lottomatica Scommesse S.r.l., to Gamenet Group S.p.A. for €950m.
  • Represented Antin Infrastructure Partners in connection with its acquisition of a controlling stake in Italian pharmacy group Hippocrates Holding.

Studio Professionale Associato a Baker & McKenzie

At Studio Professionale Associato a Baker & McKenzie, the team caters to a mixture of domestic and international clients, supporting them on multi-jurisdictional M&A, corporate reorganisations and corporate assignments. The team is especially active in the TMT field, a key sector of focus for the firm globally. The group is jointly headed by Pietro Bernasconi, a lawyer who is also knowledgeable in the real estate, industrial, luxury and consumer goods, fashion and hospitality industries, and Raffaele Giarda  who is proficient in a broad variety of mandates, namely commercial contracts, corporate law, mergers and spin-offs.

Practice head(s):

Pietro Bernasconi, Raffaele Giarda

Other key lawyers:

Paola Colarossi; Alberto Semeria

Key clients


Waverton International


Schur Flexibles


Gi Group

Embracer Group



Nalco Italiana

MicroPort CRM

Massimo Zanetti Beverage Group

Chr. Hansen

Work highlights

  • Advised Tencent on all aspects of its investment in the Italian fintech start-up Satispay S.p.A.
  • Advised Waverton International Ltd. on the sale of ODE Group to CEME Group.
  • Advised Gi Group on the acquisition of Axxis Intérim & Recrutement, Axxis Formation and SES Recrutement.


CMS caters to both Italian and multinational companies, with a focus on the energy, life sciences, healthcare, automotive, transport, construction and engineering industries. Practice head Pietro Cavasola is a veteran of many M&A, joint venture, contractual and commercial litigation mandates; he leads a team that is primarily focused on mid-market transactions.

Practice head(s):

Pietro Cavasola

Other key lawyers:

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


‘Dedication to the customer, sharing of objectives, respect of deadlines and high quality output.’

‘Professionalism, customer-orientation, objectivity and problem solving.’

‘Good communication skills; good short term availability; efficient and timely approach.’

Key clients

NH Hotels S.A.

Landini Giuntini S.p.A.

Synlab Holding Italy

Volkswagen AG

Authentic Brands Group, Sparc

Mr Alex Knaster/ Pamplona


Voith GmbH & Co. KGaA

Tubilux Pharma

Periodica Srl (Gruppo Amodei)

SPRL 9Hôtel Collection International (Tagerim Group)

Tim Ventures

STS Group AG / Mutares

Strix Group

Coty Inc

Charles Taylor Adjusting Limited

Nahrin AG

Vita Research – Shareholders

Vita International Limited

Charles Taylor Adjusting

Emerson Progea

Work highlights

  • Advised NH Hotels on the acquisition of operations (business and personnel) of a portfolio of eight high-end hotels located in Rome, Florence, Venice (x2), as well as in Nice, Prague and Budapest (x2) from Covivio Hotels, in the context of the acquisition by Covivio Hotels of the whole portfolio (including hotel properties) from Varde, for a total value of approx. €573m.
  • Assisted the family shareholders in the sale to PPF (Cinven Group) of the entire corporate capital of Landini Giuntini.
  • Ongoing assistance (since 2013) – both in M&A (more than 30 M&A transactions the last year) and in public procurement, regulatory and commercial contract sectors to Synlab Holding Italy, one of the largest European medical diagnostics group.

Greenberg Traurig Santa Maria

Greenberg Traurig Santa Maria combines the global network of an international firm with the local connections to the Milanese market developed by legacy firm Santa Maria. Luigi Santa Maria is a specialist within the pharmaceutical, chemical, energy and manufacturing sectors and Mario Santa Maria focuses on the banking, automotive and luxury hospitality fields; the pair jointly head the practice, having both previously practised in New York, and are adept in a wealth of transactions, including both public and private M&A.

Practice head(s):

Luigi Santa Maria; Mario Santa Maria

Other key lawyers:

Pietro Caliceti; Carlo Scaglioni; Francesca Torricelli


‘Partners are dedicated to the deal and always present.’

‘Mario Santa Maria is always present and attentive even to the little things that often make the difference.’

Key clients

Bain Capital

ENI SPA – ENI Rewind

Black Dragon Capital

Bracco S.p.A.

Fontana Fasteners Group


Berrier Capital

Info Solution S.r.l.

Unes Maxi S.p.A.


Work highlights

  • Representation of Bain Capital in the bidding process to purchase broadcasting rights of Lega Calcio Serie A. The deal is valued at €2bn.
  • Representation of Eni Rewind, a company controlled by ENI S.p.A. focused on the recovery of former industrial areas and on the management of water and waste, in the negotiation and execution of a joint venture agreement with Herambiente, to establish a company that will build a state-of-the-art environmental platform dedicated to waste pre-treatment solution in Ponticelle area, located near Ravenna.
  • Representation of Bracco S.p.A in a venture capital transaction with SonoGene LLC.

Molinari Agostinelli

Molinari e Associati recently rebranded to Molinari Agostinelli, a move which emphasises the significance of Riccardo Agostinelli ’s arrival from Gattai, Minoli, Partners. The firm is now home to a vibrant banking and finance practice, in addition to M&A, and is better equipped to support on LBO and leveraged finance transactions. Ugo Molinari, Marinella Ciaccio and Margherita Santoiemma jointly lead the department which thrives on a range of deal types including acquisitions, mergers, divestitures, break-ups, reorganisations and transformations.

Practice head(s):

Ugo Molinari; Marinella Ciaccio; Margherita Santoiemma

Other key lawyers:

Marco Laviano; Ciro Di Palma


‘The team proved to be very professional and guaranteed continuity of service even where not strictly required. It provided insights on specific issues or on regulatory changes.’

‘The profound proactivity in accompanying the deal, supporting the client beyond the purely technical aspects (in which the firm excels in any case).’

‘The main strengths of Molinari Agostinelli are the constant attention dedicated to the customer and the ability to quickly develop legal solutions capable of allowing the customer to pursue their commercial objectives.’

‘Compared to numerous competitors on the market, Molinari Agostinelli is able to guarantee a high degree of senior attention on each operation, thanks to the constant involvement of partners in all phases of the deal.’

‘The main qualities that I have found in the professionals I work with are dedication, attention to detail and flexibility.’

‘Marco Laviano: an excellent technical background combined with a strong business acumen, which allows him to manage pressure situations with mastery even in particularly complex operations.’

‘Ability first of all to understand the type of activity that the company carries out for which legal assistance is required. Great availability and compliance with the required deadlines. Excellent preparation and ability to compare with counterparties to achieve the set objectives.’

‘Clear communication, practical advice, responsive to our requests and timelines’

Key clients
















Work highlights

  • Advised Nuova Sorgenia Holding on the sale of the entire group to the private equity funds F2i and Asterion.
  • Advised Cattolica Assicurazioni on the drafting and filing of the relevant prospectus and on the listing of the €300m capital increased subscribed by Assicurazioni Generali.
  • Advised a consortium of investors, headed by Marseglia Amaranto Energia e Sviluppo and York Capital Management, on the acquisition of the entirety of the shares of Global Solar Fund S.C.A. SICAR.

Norton Rose Fulbright

Norton Rose Fulbright is principally active within the energy and insurance sectors though has also handled a number of matters in the food and beverage and infrastructure industries of late. Salvatore Iannitti  leads the department which was recently bolstered by the arrival of Tiziana Del Prete from Grimaldi Studio Legale, a lawyer with a vast amount of corporate restructuring experience. The practice works in close operation with its colleagues overseas, often originating and leading cross-border transactions from the Milan office.

Practice head(s):

Salvatore Iannitti

Other key lawyers:

Claudio Di Falco; Arturo Sferruzza; Tiziana Del Prete; Pietro Altomani


‘The team is vast and includes several highly experienced professionals in the sector.’

‘Salvatore Iannitti and Claudio Di Falco were very competent in evaluating the legal and regulatory aspects of a possible extraordinary transaction.’

‘Very good industry knowledge, very quick responses, very competent.’

‘Salvatore Iannitti – very good subject and industry knowledge.’

‘NR team has been integrated excellently with our team, working hard together.’

‘The professionalism and competence of the team members, the number of professionals available to analyse the legal issues submitted, the active participation in the evolution of the regulations governing the sector, the knowledge of the market.’

‘We have been collaborating for several years with the lawyers Salvatore Iannitti and his collaborators, among which is Pietro Altomani. The collaboration has always been and continues to be fruitful, the analysis of legal issues accurate and in-depth, the relationship characterized by profound trust, simplicity in communication, understanding of objectives.’

‘Claudio di Falco is very helpful, as well as technically good, with great negotiation skills.’

Key clients

4D Global Energy Investments


Amaranto Holding




Blackstone Industrial Holdings

Bluesphere Italy

Coca-Cola HBC


Dual Europe

Enel Group


Helios Energy Investments

Integra S.r.l.

Marseglia Amaranto Energia e Sviluppo

Risk Point



York Capital Management

Work highlights

  • Advising Enel Green Power on a joint venture partnership with the sovereign wealth fund of the State of Qatar, Qatar Investment Authority (QIA).
  • Advised Coca Cola HBC, through its subsidiary CC Beverages Holdings II BV (CCH Holdings), on the agreement to acquire a 30% stake in Casa Del Caffè Vergnano S.p.A. (Caffè Vergnano).
  • Advised Covéa Group, a leading French insurance company, on the undersigning, with the Italian bank, Banco BPM, of its revamped agreements.

Orsingher Ortu – Avvocati Associati

At Orsingher Ortu – Avvocati Associati, the M&A practice is engaged on a plethora of different transactions including private and public M&A, corporate reorganisations, joint ventures and strategic alliances. Name partner Mario Ortu , hailed as 'experienced and creative', fronts the department; his team is especially well-connected within the TMT space, counting its tenacity for technology, internet, e-commerce, media, entertainment, advertising and telecoms-related transactions as a key distinguisher.

Practice head(s):

Mario Ortu

Other key lawyers:

Pierfrancesco Giustiniani; Nicola Barra Caracciolo; Francesca Flego; Federico Bonetti


‘Mario Ortu and Federico Bonetti are very capable, experienced and very helpful’

‘The team is made up of experienced lawyers who are dedicated to the client without skimping on commitment.’

‘Mario Ortu and Federico Bonetti are senior, experienced, creative and strongly committed.’

Key clients

Aeffe S.p.A.

Airi S.r.l.

Antares Vision S.p.A.

Avara Pharmaceutical S.p.A.

Azora Group

Borsa Italiana S.p.A. (London Stock Exchange Group)

Cirsa S.A.


Deutsche Bank

Douglas GmbH

Edison S.p.A.

Fabbrica Italiana Sintetici

Fondazione Cassa di Risparmio di La Spezia

Fox International Channels Italy

Hewlett Packard Enterprise – HP Inc.

Koinos Capital SGR

J-Up S.r.l.

IMI Fondi Chiusi SGR

Impact Lab S.p.A.

Itinere Infraestructuras SA



Mimesi S.r.l.

Morellato S.p.A.

Moschino S.p.A.

Nomura International (Italian branch)

Ordesa S.L.

Palladio Holding S.p.A.

Pollini S.p.A.

Prysmian S.p.A.

Regolo S.r.l.

Savio S.r.l.

Tagetik Software

Black Diamond Capital Management

Top Glass S.p.A.

TXT e-solutions

Vei Capital

Vicenza Holding S.p.A.

Vigilate S.r.l.

Work highlights

  • Advised Aeffe S.p.A. on the acquisition of the entire control of Moschino S.p.A.
  • Advised Antares Vision S.p.A. on the translisting of the client’s shares and warrants from AIM to Star segment of the Italian Stock Exchange market.
  • Advised Black Diamond Capital Management on the acquisition of part of the Hexion Inc. group.

Osborne Clarke

Osborne Clarke has an emphasis on mid-market public and private M&A transactions, acting on a mixture of inbound and outbound transactions, in addition to corporate restructurings. Riccardo Roversi, an expert in respect of transport, renewable energy and automotive transactions, is also routinely instructed on commercial agreements and joint ventures; he co-leads the practice with Giuliano Lanzavecchia, whose core strengths lie in company and branch sales, buy-outs and general commercial advice.

Practice head(s):

Giuliano Lanzavecchia; Riccardo Roversi

Other key lawyers:

Cristina Gabardi; Simone Monesi; Giovanni Penzo; Umberto Piattelli


‘Reliable extension to our team, understands our business and how to be creative.’

‘Riccardo Roversi has been tremendous in being our person on the ground, especially when travel was prohibited, helping us understand not just the legal issues but the commercial realities, working with us to craft pragmatic solutions.’

‘Umberto Piattelli and his team are extremely helpful. They also provide support with business assessments useful for decision making.’

‘Quick availability in examining the client’s dossier, quick feedback on feasibility, flexibility in evaluating options in the field, strong relational network.’

‘Extremely competent and helpful team, absolutely able to cover different areas of law and taxation and with solid international relations that allow you to better manage operations worldwide.’

‘Exceptional partner performance and availability. High aptitude for problem solving and provide an adequate solution to the issues presented.’

‘Giuliano Lanzavecchia: exceptional skills and absolute availability and flexibility. Practical and open minded approach.’

Key clients


Unieco soc. Coop. in LCA

Engie EPS Italia S.r.l.

DIF Consulting Deutschland GmbH /Ampere Equity Fund B.V.

Germani S.p.A

Ströer Group

Conceria Pasubio S.p.A.

A-Gas International Ltd

Alfa S.r.l

Autotorino S.p.A.

Itelyum Regeneration S.r.l.

Tea S.p.A

XnextS.r.l. S.p.A.

Limestone Capital AG

Linea Group Holding

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

Astraco S.r.l.

Work highlights

  • Worked closely with Tel Aviv firm Erm and Kegler Brown (Columbus, Ohio) advising Italian multinational FAAC on a €135m transaction involving the acquisition of TIBA Parking Systems Group from Israeli private equity fund TENE Capital (part of Afcon group) and a series of minority shareholders.
  • Advising Wireless Logic Ltd on its acquisition of 100% of the share capital in Things Mobile S.r.l, a global provider of IoT (Internet of Things) connectivity services.
  • Advising Autotorino S.p.A. on a number of planned acquisitions of car dealerships across Italy as well as other corporate transactions.

Pavia e Ansaldo

Pavia e Ansaldo has a presence in Barcelona and Tokyo and recently opened a new office in Turin, complementing its established offerings in Rome and Milan. The practice, which has grown significantly over recent years, also recently expanded through the partner-level arrival of Carlo Emanuele Rossi from Carnelutti, a move which bolsters the group’s capacity for energy-related M&A. Managing partner Stefano Bianchi  and Roberto Zanchi  jointly head the team which has won a number of instructions in the industries worst affected by the Covid-19 Pandemic, including hospitality and transport.

Practice head(s):

Stefano Bianchi; Roberto Zanchi

Other key lawyers:

Giuseppe Besozzi; Alberto Bianco; Mia Rinetti; Meritxell Roca Ortega; Carlo Trucco; Anna Saraceno; Paola Carlotti


‘Studio Pavia e Ansaldo represents a guarantee from all points of view. The team is at the highest professional level, able to immediately enter into the merits of any question of a juridical-legal and economic nature, and to propose effective solutions.’

‘Roberto Zanchi and Carlo Trucco: top level professionals.’

‘Extensive experience in Private Equity transactions’

‘Alberto Bianco is competent, pragmatic, fast’

‘The profound competence linked to the great operational concreteness, and the willingness to operate in uncomfortable conditions and times, in the awareness that the goal must be grasped.’

‘Ability to act as a glue between large buyers and sellers belonging to the family business.’

‘Mia Rinetti has infinite mediation skills and is able to identify balanced and transparent solutions.’

‘High quality, timeliness and effectiveness of the proposed solutions.’

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

‘Team cohesion and partner commitment.’

Key clients

H.I.G. Europe

Mittel S.p.A.

Fomas Group

Surfaces Technological Abrasives S.p.A.


MTS Globe

GPI S.p.A.

Skytanking Holding GmbH

Stirling Square Capital Partners


Assiteca Broker Internacional de Seguro

Threestones Capital Management

Isdin Srl

Albini e Pitigliani SpA

Castik Capital Partners GmbH

Conforama Holding SA

Conforama Italia S.p.A.

Work highlights

  • Advised Surfaces Group, a major Italian industrial player controlled by leading French private equity firm Astorg Partners, on its sale to TA Associates.
  • Advised the manager and minority shareholder of Cristallina, the owner of Italian mineral water brands Pejo and Goccia di Carnia, on the acquisition of a majority stake in the company by Orienta Capital Partners.
  • Advised Asahi Intecc on its €40m acquisition of a 70% stake in Italian life sciences company Kardia.

Simmons & Simmons

Simmons & Simmons demonstrates broad breadth in terms of sector expertise, handling corporate and M&A transactions in the real estate, asset management, luxury goods, healthcare, life sciences, energy and TMT sectors. Andrea Accornero is proficient in acquisition, disposal, restructuring and refinancing matters and Dario Spinella has close ties to the Hong Kong, Hungarian and Singapore markets; the pair jointly lead the practice alongside Edoardo Tedeschi who has a track record in contract negotiation for large-scale projects.

Practice head(s):

Andrea Accornero; Dario Spinella; Augusto Santoro; Edoardo Tedeschi

Other key lawyers:

Ariel Nachman


‘Unique expertise.’

‘Professionalism and availability.’

‘Preparation and reliability.’

‘Availability and accuracy.’

‘Ability to seek solutions to problems.’

Key clients

Charterhouse Capital Partners

Sanpellegrino S.p.A.

Gangtai Italia

S.T. Corporation

Omega Fusibili S.p.A.


Wise Equity SGR S.p.A.

Trime Spa

Playcar Srl




Aim Spa

Geico Taikisha Spa

A/S Tasso Odense

Demiray Home Furnishing Co., Ltd.

Bomi S.p.A.

Balt S.p.A.



Ashurst caters to Italian and international corporates, as well as private equity funds, on M&A deals, minority investments, joint ventures and cross-border transactions. Carloandrea Meacci, ‘an extremely good strategist’ is highly regarded for transactions within the energy and infrastructure fields. The team is also well-established within the telecoms sector and has handled a number of automotive, luxury and food business-related deals of late. Fabio Niccoli and Carloandrea Meacci are the other names to note.

Practice head(s):

Paolo Manganelli; Fabio Niccoli; Carloandrea Meacci


‘Great support in a very efficient and timely manner.’

‘The team provided a very comprehensive and clear overview of the main risks and authorisation-related steps and managed to target and cover the key areas that we have to get comfortable on.’

‘On the SPA and docs negotiation, we really appreciated the involvement of Carloadrea Meacci, who, together with his team, provided great suggestions and directions during the negotiation.’

‘I really appreciated the involvement that Carloandrea Meacci had in relation to the various workstreams of the deal and he definitively provided great support / guidance in all of them. His support was also highly appreciated also in relation to some compliance-related red-flags, for which he provided a great help on areas not directly covered in his mandate.’

‘A great combination of highly experienced, diligent and client friendly lawyers.’

‘Carloandrea Mauci is an extremely good strategist, deep industry knowledge, client friendly.’

‘Fabio Niccoli is extremely diligent and knowledgeable, superb drafting skills, very responsive.’

Key clients

Asterion Industrial

Terna S.p.A

UBS Asset Management

Bea S.r.l

WRM Group


Lightsource BP

Work highlights

  • Advised Asterion Industrial Partners, an independent investment management firm focused on European infrastructure, on its partnership with F2i SGR, created for the acquisition of Sorgenia.
  • Advised Casa della Salute, the sellers and the founder and CEO, on the company’s sale of the 92.5% shares to the listed company Italmobiliare, at a value of €24m.
  • Advised WRM on the acquisition of 100% of the Kipre group, acquired through the Athena capital fund.

Bird & Bird

Bird & Bird is able to draw on the wider firm's corporate department which is spread across 29 offices in 20 different countries. The Italian practice, spread across Milan and Rome, is proficient in a range of mandates including M&A, joint ventures, corporate litigation, commercial law and corporate housekeeping. Alberto Salvadè  leads the group, overseeing a team which is principally focused on the life sciences, retail, energy, automotive, financial services, food and luxury goods sectors.

Practice head(s):

Alberto Salvadè

Other key lawyers:

Edoardo Courir; Pierpaolo Mastromarini; Federico Valle; Afra Casiraghi


‘Expertise in transactions involving tech companies, astute in SPA negotiations offering candid advice on pros and cons on different negotiation strategies.’

‘Afra Casiraghi has great empathy and is able to understand the real needs of the customer. She does not put herself in the chair but listens and works to find solutions that simplify the activity by making business processes more efficient.’

‘Competence and promptness as well as a remarkable understanding of our industry.’

Key clients

Adler Ortho

ApritiModa, Milan Digital Week, Bookcity

Athesia Group


Banca Agricola Popolare di Ragusa


Cerere Produzione

Cubico Diana (belonging to Cubico Sustainable Investments)

Energy Total Capital S.r.l.


Heska Corporation

Italgen (Italmobiliare Group)


Master Investments

Oscar Di Montigny



Talesun Energy Group

Tech Mahindra

TriMas Corporation

VEI Green 2 S.p.A.

Youngtimers AG

Work highlights

  • Avised Adler Ortho on the minority investment made by Space Capital Club with a subscription of a capital increase.
  • Assistance to Satispay S.p.A., in the acquisition of AdvisorEat S.r.l..
  • Acted as adviser in the sale to Cubico Diana S.r.l. (belonging to Cubico Sustainable Investments) of 100% of the share capital of two companies operating in the renewable energy sector.

Carnelutti Studio Legale Associato

At Carnelutti Studio Legale Associato, the team handles a high volume of cross-border mandates, leveraging its overseas office in Los Angeles in the process. Carlo Pappalettera frequently finds himself on the corporate side of private equity deals; he co-heads the practice alongside Luca Arnaboldi, a specialist in respect of media and real estate-related M&A. Addiitonal key sectors for the practice include fashion, healthcare, food and energy.

Practice head(s):

Luca Arnaboldi; Carlo Pappalettera

Key clients

Alpha Trading

illimity Bank S.p.A.

Groupe Avril

Conforama S.p.A.

Gruppo Neri

Invision (IDAK Holding)

KOS S.p.A. (CIR Group)

Missoni S.p.A.

Morato Pane S.p.A.

Lush Italia S.r.l.

Ruffini Partecipazioni Holding S.r.l. and Remo Ruffini

Saras Group

Sintermar S.p.A.

Thun S.p.A.

Verve S.p.A.

MIP Politecnico di Milano



Work highlights

  • Assisted Ruffini Partecipazioni Holding S.r.l. and Remo Ruffini, owners of the company Moncler S.p.A.  in the transfer of the investment held by the latter in Sportswear Company S.p.A.    
  • Assisted KOS in the binding agreement with Inframedica (of DWS Alternatives Global Limited), for the transfer of 100% of the shares of Medipass, with subsequent repurchase of those related to its Indian subsidiaries (Clearmedi Healthcare Private LTD, Clearview Healthcare Private LTD).
  • Advising Saras Group on the international sale of the business consisting of its entire gas station network spread across Spain, to Kuwait Petroleum, also known as Q8.

Curtis, Mallet-Prevost, Colt & Mosle LLP

Curtis, Mallet-Prevost, Colt & Mosle LLP, an international firm with a vast global network, counts its cross-border expertise and multilingual capabilities as its key differentiator. Alfonso de Marco is a specialist in M&A, joint ventures and buyouts in addition to general corporate and commercial matters; he jointly leads the practice with Dino Dima, who has extensive experience in the TMT sector.

Practice head(s):

Alfonso de Marco; Dino Dima

Other key lawyers:

Filippo Palmieri; Carmine Gravina; Amedeo Barbato


‘I have worked with many of the Curtis M&A team, all of the highest professionalism. Their availability sets them apart from many other studios I have worked with.’

‘Availability, always a respect for the deadlines, competence.’

‘Strengths in availability, speed, ability to understand customer needs.’

‘Dino Dima: solid, available, problem solving approach.’

‘Amedeo Barbato: dynamic, tireless.’

Key clients

Tim S.p.A.

Pirelli & C. S.p.A.

Itelyum Regeneration S.r.l.

ASAC S.r.l.

Telepass S.p.A.

CEA S.p.A. – Consorzio Energie Alternative


Leonardo S.p.A.

Work highlights

  • Provided legal assistance to TIM S.p.A. relating to the acquisition of three lines of business by drafting and negotiating all relevant transaction documents, including a business transfer agreement, transitional services agreement and other ancillary documentation.
  • Advised Pirelli Tyre S.p.A., wholly owned by Pirelli S.p.A., in the acquisition of a minority stake in Telco, an Italian market leader in the industrial and process automation sector, including the execution of a complex shareholders’ agreement that, among other things, provides for call option rights which allow the company to acquire the majority of Telco’s share capital.
  • Assisted Tirelli S.r.l., a company belonging to AROL Group – specialised in the design, production and distribution of capping and capping systems – in the acquisition of the entire corporate capital of KTF Engineering, a company from the province of Mantua specialized in the design, construction and marketing of automatic systems for packaging and their components.

De Berti Jacchia Franchini Forlani

Founded in Milan in 1975, De Berti Jacchia Franchini Forlani has since expanded to Rome and Brussels; its corporate and M&A department is adept in all-manner of transactions, namely mergers, de-mergers, spin offs, acquisitions, restructurings and joint ventures. Gianni Forlani, a firm co-founder, is active in this space and is especially knowledgeable when it comes to the tax and regulatory aspects of cross-border transactions.

Practice head(s):

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


‘Claudio Corba Colombo has always been a trusted advisor.’

‘The firm offers expertise in different fields ranging from corporate, labor law, litigation, tax lawyer, etc. In our experience we have also been supported in the search for their correspondents located abroad (Belgium, France, Spain) with whom they collaborated directly (acting as our intermediary) to close important contractual negotiations’

‘Michelangelo Cicogna has always helped us to find the right solution to the various problems faced.’

‘Claudio Corba – exceptional professional.’

‘Availability, competence and attention to the customer.’

‘Marco Frazzica is always available and attentive to our needs, Marco speaks Swedish and is Honorary Consul of Sweden, this is very important for us.’

‘Extraordinary commitment, you can count on them. Needless to say that they are excellent lawyers.’

‘Claudio Corba: Pragmatic, absolutely reliable and committed, excellent legal and commercial understanding.’

‘Michelangelo Cicogna: Very experienced, great network, has all what you expect from a senior partner.’

Key clients






















































Work highlights

  • Acting for KubaA in an agreement to provide the automated collection system for public transport throughout the Region of Tuscany following a tender won by RATP (local transport company of Paris).

Studio Legale Delfino e Associati Willkie Farr & Gallagher LLP

Studio Legale Delfino e Associati Willkie Farr & Gallagher LLP combines a deep knowledge of the local market with the M&A capacities of a global firm. Practice co-head Maurizio Delfino holds the unique accolade of acting in Italy’s first-ever hostile takeover; he leads the practice together with Bruno Cova, a lawyer active in typical and distressed M&A, restructurings and corporate governance.

Practice head(s):

Maurizio Delfino; Bruno Cova

Other key lawyers:

Massimo Chiais; Luca Leonardi


‘The uniqueness of the team lies in the ability to immediately understand the phenomena of legal matters in the cases examined.’

‘Concrete evaluations – this is the characteristic of the firm.’

‘Bruno Cova has exceptional skills as he has a long experience at the top of large multinational groups.’

‘Excellent quality of the legal team.’

‘Maurizio Delfino is a lawyer with great commercial qualities.’

Key clients


Diego Rodrigo Gil Hermida and Positive Impact SB

Yilport Holding A.S.



Apax Partners


Richemont and Chloé International SAS

Trilantic Capital Partners

ITT Inc.

GEDI – Gruppo Editoriale S.p.A.

The Carlyle Group

GLG Partners Limited

Stellex Capital Holdings Luxembourg Sarl

UniCredit S.p.A.

Atlas Holdings

Oak Hill Advisors (Europe) LLP

GSO Capital Partners

Desmet Ballestra S.p.A.

Aveleos S.A.

Third Point LLC

Thales S.A.

Ceva Logistics Italia Srl

Insight Venture Capital


Italgas S.p.A.

Arkema S.A.

Atlantia S.p.A.

Digital Bros S.p.A.

IWG Group

Eversheds Sutherland Associazione Professionale

Lawyers of Eversheds Sutherland Associazione Professionale are often engaged on multijurisdictional transactions, working in close collaboration with their colleagues across the globe. Riccardo Bianchini Riccardi has a particularly strong knowledge of US corporate representations and jointly heads the practice with Giuseppe Celli, an expert in the IT, pharmaceutical and defence sectors. In addition to M&A, the group handles commercial, corporate finance and restructuring mandates and is also well-established within the oil and gas, food and energy industries.

Practice head(s):

Riccardo Bianchini Riccardi; Giuseppe Celli

Other key lawyers:

Giulia Bramanti; Guido Galeotti; Alessandro Vischi; Francesco Arangio


‘Great competence, team always available, clear billing with excellent level of detail in the description of the services.’

‘Very high professionalism and competence of all the professionals with whom we had the opportunity to interface.’

Key clients

nLIGHT, Inc.

Eaton S.r.l.

AlgoWatt S.p.A.

Itago SGR S.p.A.


Al Dahra Holding LLC

Health Holding Company S.r.l.


FIVELEX Studio Legale e Tributario

At FIVELEX Studio Legale e Tributario, the team principally directs its attention towards midcap companies, especially those within the banking, finance, insurance, hotel, hospitality, food and beverage, sport and fashion industries. Its workload is a mixture of M&A, joint ventures and reorganisations in addition to advisory services such as corporate governance, shareholders’ agreements and business contracts. Alfredo Craca, Francesco Di Carlo, Claudio Tatozzi and Mara Fittipaldi jointly head the department.

Practice head(s):

Alfredo Craca; Francesco Di Carlo; Mara Fittipaldi; Claudio Tatozzi

Other key lawyers:

Gioia Stendardo; Lea Lidia Lavitola


‘Studio Fivelex stands out for its preparation and accuracy in its approach to practices and to the client. This makes it unique compared to other studies: exceptional preparation and accuracy.’

‘In addition to its competence and ability to manage even complex deals, the ease of approach and empathy that the FiveLex team manages to create with customers is extremely appreciated.’

‘Francesco Di Carlo and Alfredo Craca represent the fundamental point of contact for our deals.’

‘The strengths of the studio are the technical capacity and attention to the customer.’

‘Alfredo Craca is a highly experienced lawyer, highly respected and known in the market as an impeccable negotiator.’

‘Gioia Stendardo has great technical expertise but is also very attentive to the client’s business needs.’

‘Lea Lidia Lavitola is an esteemed professional with a remarkable reputation’

‘Francesco Di Carlo – high competence both on specific regulatory questions and on issues of particular importance, helping us revisit some strategic choices made in the past, also at the group level. Availability and readiness to respond adequately and quickly to questions.’

Key clients

Amber Capital Italia SGR S.p.A.

A.C. Milan S.p.A.

Angel Capital Management S.p.A.

Appetais Italia S.p.A.’s shareholders and Roncadin S.p.A.

Asset Italia S.p.A.

Assicurazioni Generali Group

Banca Generali Group

Bauer S.p.A.

Blue Skye Financial Partners S.à r.l.

Eataly Sr..l.

Elliott Advisors (UK) Limited

F.D. Holding S.p.A.

Green Stone SICAF S.p.A. (“Green Stone”)

Idea Capital

Kairos Group (Kairos Partners SGR)

Milano Investment Partners SGR S.p.A.

Tamburi Investment Partners S.p.A.

Work highlights

  • Adivsed Tamburi Investment Partners S.p.A. on the establishment, together with three partners of high standing of ITACA, a new company that will provide equity to distressed companies with the result of €600m as total commitment of the investors.
  • Assisted Tamburi Investment Partners S.p.A. on submitting a cash offer for the purchase of 100% of the shares of TIP Pre-IPO S.p.A. and for the acquisition, directly or indirectly, of the shares of Betaclub S.r.l. and the majority of the shares of Beta Utensili S.p.A.
  • Advised Giuliano Gnutti Holding S.r.l. on an operation having as object the acquisition (through a newco, totally owned by the company) of the 100% of capital of Gnutti Cirillo S.p.A., a company based in the province of Brescia which belonged to Mr. Giuliano and Mr. Giordano Gnutti.

Giliberti Triscornia e Associati

Giliberti Triscornia e Associati is particularly accomplished in the food, healthcare, infrastructure and energy, luxury, media and technology, manufacturing and retail sectors. Alessandro Triscornia fronts the offering and is a go-to name for a number of different transaction types, examples include share acquisitions, mergers, demergers, group restructurings and private equity deals; he is supported by M&A, joint venture and corporate governance expert, Edoardo Mistretta.

Practice head(s):

Alessandro Triscornia

Other key lawyers:

Edoardo Mistretta; Francesco Cartolano; Giuseppe Cadel; Giulio Santagada


‘They have the ability to analyse the problem and provide a proposed solution rather than dancing around the problem. This reduces the usual friction in negotiations and leads to a more commercial outcome.’

‘Giulio Santagada is affable and committed. He is a pleasure to work with as are the members of his team. Most importantly he is reliable.’

Key clients

Permira Funds

Webuild (formerly Salini Impregilo)

Wind Tre

Clessidra Funds


Lactalis Group






Aksìa Group SGR

Burgo Group

Providence Funds


Star Capital

Supernap Italia




Work highlights

  • Advice to Permira Funds on the major international competitive process for the sale of Arcaplanet.
  • Advice to Webuild on all the major steps of Progetto Italia, a consolidation of the construction sector and, in such context, on the purchase and integration of Astaldi, concluded in August 2021.
  • Advice to Permira Funds on the acquisition of Golden Goose from Carlyle Funds.

Gitti and Partners

Gitti and Partners‘ team is able to ‘fully solve very complex problems’. Gregorio Gitti , the firm’s name and managing partner, has considerable experience in relation to utilities-related transactions and Stefano Roncoroni has a notably broad practice, encompassing M&A, joint ventures, real estate transactions and corporate finance; the pair head the practice together with private equity expert Vincenzo Giannantonio.

Practice head(s):

Gregorio Gitti; Stefano Roncoroni; Vincenzo Giannantonio

Other key lawyers:

Matteo Treccani


‘The firm has a high level of expertise and a deep knowledge of commercial law in general and of corporate law even in the context of complex transactions. A strong point is also represented by the presence of multidisciplinary teams composed of senior professionals.’

‘The team is composed, as mentioned, of senior professionals characterised by a high level of competence and experience. Gregorio Gitti is an experienced lawyer but also a university professor; he leads the firm with authority and competence.’

‘Great expertise in private equity in all facets of the operation.’

‘Great availability and unrivalled problem solving skills.’

‘Studio Gitti brings together top-level and complementary professionals, in order to fully solve very complex problems.’

‘Authority, total knowledge of the subject, precision, ability to identify the most suitable solution in complex situations.’

‘The standing of Gregorio Gitti is very high and his authority and ability to accompany the customer even in complex situations is maximum. It is rare to find this combination of authority, precision, availability and competence.’

‘I got along well, in particular with Gregorio Gitti, very experienced and prepared, and always available and prompt in his professional interventions.’

K&L Gates

K&L Gates has recently been active in a range of cross-border transactions which have seen the Milan-based team cooperate with its colleagues across Europe, the US and Asia. Key points of distinction for the practice include its M&A proficiency within the energy, renewables and oil and gas sectors, as well as its expertise in corporate governance and board and shareholder meetings. Giampaolo Salsi, a go-to ‘for matters of international law’, jointly heads the team with Pasquale Marini.

Practice head(s):

Giampaolo Salsi; Pasquale Marini

Other key lawyers:

Paolo Zamberletti; Arturo Meglio


‘Excellent degree of seriousness and preparation from a professional point of view.’

‘Constructive approach and spirit and attitude always prevails and common sense.’

‘Giampaolo Salsi is very competent, target oriented, reserved, precise.’

‘Competence and operational capacity.’

‘Giampaolo Salsi represents the ideal professional for a group like ours because he is able to direct and provide added value both to ordinary operations and especially in the M&A area, with a rigorous approach but very attentive to the client’s objectives.’

‘First of all, professionalism, preparation and availability at all times. In addition, the stability of the team that has meant that for twenty years they have known our issues and our approach well.’

‘Giampaolo Salsi is a serious professional, very prepared, available and practical, with whom it is easy to deal with and get valid advice.’

‘Correctness, delivery capacity and seriousness.’

Key clients

Fiocchi Munizioni S.p.A.

Office Depot Europe B.V.

Aquileia Capital Services

Pedrollo Group

Sinch AB

Roboze S.p.A.



Crea.Re Group

Effe 2 Studio e Confezioni S.r.l.

Work highlights

  • Assisted Fiocchi Munizioni in the acquisition of 100% of the share capital of Baschieri & Pellagri.
  • Assisted Office Depot Europe B.V., in the sale of its Italian business to the French group Bruneau, leader in B2B e-commerce sales of office supplies.
  • Assisted Pedrollo Group in its acquisition of 70% of Superior Pump.

LCA Studio Legale

LCA Studio Legale has a client roster that includes multinational corporates, industrial conglomerates, mid-caps and start-ups. The group, which is often instructed on cross-border deals, is especially well-regarded by players in the manufacturing, technology and life sciences sectors and has a varied workload spanning mergers, demergers, share transaction agreements, joint ventures, buy-outs and restructurings. Daniele Bonvicini , Andrea Carreri  and Vittorio Turinetti di Priero are the practice heads.

Practice head(s):

Daniele Bonvicini; Andrea Carreri; Vittorio Turinetti di Priero

Other key lawyers:

Sara Moro; Roberto de Bonis; Edoardo Calcaterra


‘LCA’s team of lawyers is perfectly integrated on the various issues in the sectors, insolvency, civil law, M&A. Compared to the other firms, they provide a single reference figure, so much are they coordinated and informed on the purpose to be pursued.’

‘Availability, competence, team work, competitive rates.’

‘Extraordinary availability, high competence and great relationship skills of the partners, with particular reference to the lawyer Sara Moro.’

‘The team is always available and with the right attitude in order to find the best solution to the problems that may arise during the negotiations. They know how to relate to start-ups of different sizes and in the different stages of development of the company.’

‘Remarkable professionalism. Great coordination between all team members. Commitment to support our choices and clarify the unclear aspects of the negotiation.’

‘From each member of the team, availability, competence and also a lot of patience in some moments of greatest tension in the negotiation.’

‘I think without LCA I would never have closed my deal. I couldn’t wish for anything better. Very prepared, available at any time and above all they made me feel safe  from the first moment. They will always be my point of reference.’

‘The firm provides high quality legal assistance, with great care of the client and his needs and in a very short time. The firm is technologically up-to-date, offering cutting-edge services.’

Key clients

Marcegaglia Group

Mevis S.p.A.

Bouvard Italia SpA

Colussi SpA

H-Farm S.p.A.

Xenon Private Equity

Saipem S.p.A.

eBay Classifieds Group

Wyscout S.p.A.

E.On Connecting Energies

Eutelsat SA

Human & Work Project Group SAS

Stahlbau Pichler Group


Smemoranda Group

Polynt Reichhold Group

La Centrale Finanziaria Generale S.p.A.

GTT Communications Inc.

TFL Ledertechnik GmbH

Gelesis Group


Beretta Group

Formula Impresoft S.p.A.

OMP Racing S.p.A.

Isagro S.p.A.

Magma Holding S.p.A.

Centro Basile S.p.A.

ID-Entiy SA

Glovo S.r.l.

Work highlights

  • Advising GTT Communications Inc. on the sale of GTT Telecommunication infrastructures (transatlantic and European) to CUBE, handling the Italian regulatory and foreign direct investment matters including notifications, hearings and clearance plus related corporate matters in the context of the transaction and the re-organisation structure.
  • Assisted TheSpac, an Italian special purpose acquisition company listed on AIM Italia (valued at €60m), concerning the business combination process with Franchi Umberto Marmi (valued  at €290m).
  • Assistance to the Beretta Group in the acquisition from Fleury Michon of its 50% stake in Piatti Freschi Italia, thus becoming the owner of 100% share capital of the latter.

Portolano Cavallo

Portolano Cavallo has a core focus on the digital, media, technology, life sciences and healthcare sectors, predominantly fixing its focus on mid-market transactions. Bolstered by an office in New York and dedicated German and French desks, the practice is especially active on the cross-border front with some 70% of its recent workload involving a multijurisdictional element. Francesco Portolano fronts the M&A offering and is particularly accomplished in matters with a complex regulatory component.

Practice head(s):

Francesco Portolano; Manuela Cavallo; Antonia Verna; Tommaso Foco

Other key lawyers:

Ginevra Sforza


‘It is a unique team, which brings together, without compromise, a total dedication to the benefit of the customer (and not to the hours billed), a maximum depth of its analysis, considerations and recommendations, an unparalleled innovation (for example, the introduction of artificial intelligence in due diligence) and also a certain degree of pleasure in sharing hours and days of work. It is rare to be supported by professionals of this caliber, who consider the client’s interest even before their own.’

‘The lawyers demonstrate dedication, competence, innovative thinking and unique personal relationships.’

‘The deal team has a great knowledge of the industry. The deal team mostly consisted of female lawyers, which was very refreshing! They were all punctual and pragmatic and were very knowledgeable in their own field. A pleasure to work with!’

‘Manuela Cavallo’s approach was very pragmatic and she had a good understanding of the deal. Although the deal dynamics were challenging, it always felt like she was in control and that she safeguarded our interests at any time.’

‘Ginevra Sforza’s availability and flexibility were great. She was easy to approach for questions and her answers were always to the point. She was up to speed on every aspect of the the deal. Great asset to the team!’

Ughi E Nunziante

Core strengths of Ughi E Nunziante include its dedicated desks for France, Germany, the US and Latin America, as well as its expertise in the energy, financial services and technology fields. Key partners Filippo Mazza and Roberto Leccese, both based in Rome, are considerably experienced, bringing over 45 years’ worth of collective experience to the table.

Other key lawyers:

Roberto Leccese; Filippo Mazza; Giuseppe Coco; Amon Airoldi; Luigi Cascone


‘The firm is preferred for its ability to take care of the relationship with the client and create a collaborative and trusting relationship of a personal nature. The application of technology is high and in line with the best standards.’

‘The ability to build a climate of trust, collaboration and constructive communication distinguishes the firm from the competition.’

‘Very high competence and knowledge of the subject matter. Very high ability to relate and compare with other law firms. The assistance provided, also focused on achieving the set objectives, was of the highest quality.’

‘Roberto Leccese and Luigi Cascone: Ability to listen to customer needs and develop effective strategies to achieve the goal.’

‘High quality standards, together with an integrated multi-practice approach and strong identification with the customer’s needs / expectations.’

‘Filippo Mazza stands out for an effective mix of: high and robust professionalism, strong attention to specific customer needs, flexibility and team working.’

‘Excellent preparation and response times’.

‘There is always a direct relationship with a partner; the members of each team are in full coordination.’

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

Signature Flight Support UK Regions Ltd


Rockhopper Exploration plc

Morrow Sodali

Work highlights

  • Assisted Munich Re in setting up a global Partnership with Telepass (toll collection operator for Italian and European motorways owned by Autostrade) to offer insurance motor products to Telepass customers by application of innovative algorithm tariff systems.
  • Represented New York-based digital media company BuzzFeed on the sale of BuzzFeed’s 51% stake in The Huffington Post Italia LLC to GEDI.
  • Represented Morrow Sodali in the acquisition of Nestor Advisors.

CBA Studio Legale e Tributario

At CBA Studio Legale e Tributario, the department is jointly led by Luca Fabbrini, a vastly experienced lawyer who is especially knowledgeable in public offers. The team is geared to handle a broad array of M&A and corporate transactions including asset and business transactions, shareholder agreements and legal due diligence. Paolo Esposito leads the practice alongside Fabbrini, leveraging considerable knowhow in the energy sector.

Practice head(s):

Luca Fabbrini; Paolo Esposito

Other key lawyers:

Nicola Canessa; Riccardo Marini


‘Immediate availability, competence and superior level in foreign languages. Ability to suggest and propose solutions adapted to the client’s needs.’

‘Special mention to Riccardo Marini, an excellent professional with relevant quality and availability. All the staff with whom I collaborated proved to be close-knit and always ready to intervene.’

‘Professional reliability in the approach to deals, skills spread across various areas with excellent vertical expertise, willingness to invest in time and resources to co-develop the market.’

‘Apart from high quality of legal services, which is doubtless, the thing that makes the individuals stand out is their devotion in delivering the projects and solving all the issues that might come in the way even if it is not their pure responsibility.’

‘An extraordinary competence on all commercial and corporate law issues, a great experience and willingness to follow us in all our numerous activities.’

‘A team of great professionals, always available for a conversation and with a very high quality / price ratio.’

‘Very high skills on all the issues addressed, human qualities at the service of professionalism.’

Key clients

BIC Licensing S.r.l.

Systems Sunlight S.A.

Kartell S.p.A.

MC Dental Holdings (Kulzer Group – Mitsui Chemical)

Kedrion S.p.A.

DeA Capital Alternative Funds



Italgas S.p.A.

Synesthesia Srl

Leonardo S.p.A.

GlaxoSmithKline SPA


Alcedo SGR S.p.A.

Work highlights

  • Assisted Leonardo S.p.A. in the acquisition of 30% of the capital of GEM Investment S.r.l.
  • Assisted GlaxoSmithKline SPA in the sale of its R&D Centre and other properties and production facilities to Aptuit Srl, a pharmaceutical company of the German group Evotec SE.
  • Advised Alcedo SGR S.p:A. on the acquisition of a majority participation in Fabian S.r.l. In particular, the team assisted the fund in carrying out the add-on process of Eurochef Italia S.p.A.

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

Deloitte Legal Italy -Società tra Avvocati a r.l. has handled a number of standout M&A transactions of late and is well equipped to support on the tax, financial advisory and accounting aspects of major deals. The practice recently expanded through the acquisition of Genoa-based law firm Munari Giudici Panfiglio and is knowledgeable in a number of different industries, namely food, fashion and luxury, healthcare, real estate and renewables. Giorgio Mariani heads the corporate and M&A offering and Massimo Zamorani  takes the lead on commercial law matters. Emanuela Sabbatino was a new arrival in early 2022.

Practice head(s):

Giorgio Mariani; Massimo Zamorani

Other key lawyers:

Francesco Brunelli; Andrea Sciortino; Andrea Martellacci; Emanuela Sabbatino


‘We have worked with the highest satisfaction with Giorgio Mariani; he is an excellent professional and I deeply respect him.’

Key clients


FCA Bank

Lincotek Group

Fujitsu General Limited


Rino Mastrotto (NB Renaissance)

Alcedo SGR

Butangas S.p.A.

Sutter Industries


Copernico Holding



Giovannelli e Associati Studio Legale

At Milan-based Giovannelli e Associati Studio Legale, managing partner Alessandro Giovannelli, a lawyer who has previously worked at international firms in Hong Kong and London, has vast experience in respect of M&A, joint ventures, buyouts, reorganisations and restructurings. Founding partner Fabrizio Scaparro is also integral to the offering and provides the group with knowhow in the TMT and oil and gas sectors.

Other key lawyers:

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


‘Excellent team, motivated and dynamic young people.’

‘I worked with Nicoletta Carapella who showed great professionalism and excellent competence.’

Key clients
















Work highlights

  • Advised Azimut Libera Impresa SGR on the acquisition of a majority stake in Sicer S.p.A. Azimut.
  • Advised Ardian on the acquisition of a majority stake in Jakala.
  • Advised Azelis group on the acquisition of the entire corporate capital of Came Chemical and Mineral Engineering S.r.l. (“CAME”).

Grimaldi Studio Legale

Grimaldi Studio Legale supports on mergers, demergers, asset acquisitions, restructurings and reorganisations, leveraging a broad domestic network in addition to its offices in New York, London and Brussels. The team is led by Francesco Sciaudone, who principally focuses on the energy, transport and infrastructure fields; his team also thrives in respect of contractual documents including acquisition and shareholders’ agreements.

Practice head(s):

Francesco Sciaudone

Other key lawyers:

Marco Franzin; Paolo Daviddi; Annalisa Pescatori; Elena Sacco; Angelo Speranza


‘We recommend Marco Franzini for his professionalism, experience and personal commitment to the M&A sector.’

‘The professionalism of the firm makes it very competitive on the market together with the availability of individual professionals.’

‘The Franzini team, coordinated by partner Marco Franzini and Angelo Speranza, is the result of a 360 degree cohesion that I have hardly found in the last years of my profession. Always on the spot and ready to solve any critical issue. Really great!’

‘Very prepared.’

‘Competent professionals but also very friendly with clients.’

Key clients

Legacy Partners Search Fund S.r.l.

Health Holding Company S.r.l.

Search Fund Club

Private Equity Partners S.p.A.

Franchi Umberto Marmi S.p.A

Autoclima S.p.A.

NVP S.p.A.


Fine Foods & Pharmaceuticals NTM S.p.A.

Poste Italiane S.p.a.

Partners Group S.p.a.

Renergetica S.p.A.

Progress Tech Transfer

CDP Venture Capital SGR S.p.A. on behalf of the funds “Italia Venture II – Fondo Imprese Sud” and “Italia Venture I”

Primomiglio SGR S.p.A. on behalf of the funds “Barcamper Ventures” and “Barcamper Venture Lazio”

Work highlights

  • Advised Poste Italiane S.p.a on the acquisition from PostNL and Mutares of 100% of the quotas of Nexive Group S.r.l., holding of the Nexive Group which is the second most important mail and parcels provider in Italy.
  • Advised Partners Group on the due diligence activities relating to the acquisition of a 75% equity stake in EOLO S.p.A. from Searchlight Capital Partners and a vehicle controlled by Luca Spada, EOLO’s Founder and Chief Executive Officer.
  • Advised F2i SGR on the acquisition of a stake equal to approximately 80% of Geasar S.p.A.


Jenny.Avvocati acts for a mixture of domestic and international clients, working across M&A, day-to-day corporate advice and corporate secretary services in addition to a wealth of commercial contracts work. Managing partner Christoph Jenny hones his focus on acting for inward facing German-speaking clients though the wider team is also proficient in Spanish, Portuguese, English and French.

Practice head(s):

Christoph Jenny; Simona Gallo; Manuela Di Maggio

Key clients


Aspiag Service S.r.l.

IDAK Holding AG

Kärcher Group

Margherita S.r.l.

Protect Medical Holding GmbH

Schwabe International

Work highlights

  • Assisted Margherita S.r.l., an Italian manufacturer of frozen food products controlled by the Swiss holding company Idak Holding AG, in the purchase of the whole corporate capital of a competitor, Prodal S.r.l.   
  • Advised Idak Holding AG on the refinancing connected to the deal completed for Margherita s.r.l.

Lexia Avvocati

Lexia Avvocati, a rapidly expanding team which has welcomed a number of new arrivals recently, is proficient in a wealth of transactions, from mergers and demergers, acquisitions and leveraged buy-outs through to joint ventures, divestments and business transfers. Francesco Dagnino heads the team and is recognised for his work within the fintech, ICT, technology and blockchain industries.

Practice head(s):

Francesco Dagnino

Other key lawyers:

Marco Muscettola


‘Excellent firm, which draws strength from the search for innovation and continuous improvement.’

‘Valid professional skills and great availability.’

‘Flexibility and capability in addition to multidisciplinary skills.’

‘Professionals always available and very attentive. We have also had support with them in other countries such as Spain and the United States.’


At LMCR, the practice is divided between three keystones, namely M&A and extraordinary transactions, general corporate law and commercial contract matters. Massimo La Torre and Roberto Rio  are the practice heads, overseeing a team which acts for clients at all stages of the corporate lifecycle and often represents local companies in respect of their business overseas.

Practice head(s):

Massimo La Torre; Roberto Rio

Other key lawyers:

Elmar Zwick


‘An excellent commercial and corporate law boutique.’

‘Roberto Rio has considerable experience in the M&A field and is able to solve complex problems in a business sensitive way.’

‘Understanding of the client’s evaluation / decision-making criteria and support in identifying the most appropriate negotiation paths and solutions to achieve the goal.’

‘Able to create a constructive and positive climate in complex negotiation situations.’

‘Direct relationship with members, great professionalism, problem solving, value for money.’

‘Very friendly approach of the members, great personal and temporal availability at all times.’

‘During the collaboration with LMCR Studio, I greatly appreciated the timeliness of the advice, always characterised by great accuracy and methodological solidity and approach.’

‘High availability as well as being proactive in identifying and proposing solutions.’

‘Massimo La Torre is an ever-present, innovative, analytical partner. Result-oriented, he supports the client with intelligence and wit during negotiations.’

Key clients

L Catterton

The Cookware Company

Nidec Corporation

Royal Caribbean

Doppel Farmaceutici

Giochi Preziosi Group


Axpo Italia

United Petfood Producers


Bregal Unternehmerkapital

Duvel Moortgat


Nexi S.p.A.

Trilantic Europe

Mandarin Capital

Phamacontract Europe

United Petfood Producers

Waterland Private Equity

Banque Syz

Macchi di Cellere Gangemi

Macchi di Cellere Gangemi counts its dedicated China desk and track record in Franco-Italian cross-border deals, as well as its intimate knowledge of the renewable energy field, among its key distinguishers. Jointly led by Luigi Macchi di Cellere and Claudio Visco, the team is also reputed for its work on private M&A, legal due diligence, restructuring, inbound investments and corporate governance.

Practice head(s):

Luigi Macchi di Cellere; Claudio Visco

Other key lawyers:

Ernesto Pucci


‘The firm offers first-rate administrative, documentary and professional quality; the offices and meeting rooms are excellent.’

Key clients

APTUIT ITALY S.R.L. (Evotec Group)







Ikav investments fund, qis s.p.a. And william west s.r.l.



S.G.C.D. S.P.A.


Work highlights

  • Represented Aptuit Italy in the purchase of a business facility (R&D Center) from GlaxoSmithKline, and in daily corporate and commercial matters.
  • Advised ICO on a commercial partnership agreement.
  • Advised GR Value S.p.A. on a joint venture agreement with Fontavis Forte Fund for the development of about 300 MW of plants in the renewable energy sector and purchase and sale of shares and ancillary agreements

Masotti Cassella

Masotti Cassella counts both inbound and outbound deals as a forte and is especially well-equipped to support on the tax components of major transactions, owing to a number of in-house accountants. Luca Masotti , dual qualified in both the UK and Italy, has expertise in the pharmaceutical and medical devices sectors; he leads the department with Mascia Cassella, who covers a varied workload spanning M&A, leveraged buyouts, commercial agreements, compliance and corporate governance.

Practice head(s):

Luca Masotti; Mascia Cassella


Other key lawyers:

Carlo Piatti

Key clients

Ab Medica Spa

Claranet Group Ltd

Immobiliare Melpo

Efeso Consulting Spa

Pomini Rubber & Plastics SRL

Multiservice spa

Americas Power Partners Inc.

Officine Ortopediche Rizzoli

Hungarian Ministry of Foreign Affairs

Briarwood Products Group UK

Fazzini S.r.l.

Ab Medica France S.a.s.

Eleventy S.r.l.

Homair European Camping

Industrial Time Srl

FAI Service Soc. Coop.

Work highlights

  • Advice to three minority shareholders of SAET S.p.A. on the sale of the whole of their shares in the company to Falck Renewables.
  • Assistance to Briarwood Products Ltd Group in the acquisition of a majority share in the capital of a new company, Briarwood Landini S.r.l., spin off of Landini S.p.A., based in Castelnovo Sotto.
  • Advising, together with Hungarian law firm Oppenheim, the Hungarian Ministry of Foreign Affairs on the acquisition of certain properties (lands and assets), from Italian companies Seastok and Teseco, located near the Port of Trieste.

McDermott Will & Emery Studio Legale Associato

McDermott Will & Emery Studio Legale Associato's team is especially active on the cross-border front, particularly within the wider European region. The team demonstrates a capacity for acquisitions, investments and disposals, operating in industries as varied as TMT, retail, real estate, healthcare and industrial. Emidio Cacciapuoti and Ettore Scandale are the practice co-heads.

Practice head(s):

Emidio Cacciapuoti; Ettore Scandale

Other key lawyers:

Agata Todarello; Enrico Raso; Fabrizio Faina


‘Strong proximity to clients.’

Great expertise.’

’24/7 availability.’

‘Direct competence and strong ability.’

Key clients

Palamon Capital Partners

ES Vedra Capital Advisors LLP

Principia SGR

Muuh s.r.l

Lambda S.p.A.

KPM Analytics

JZ International Limited

G Square Capital

H.I.G. Middle Market

Synergo Capital SGR S.p.A.

CDP Capital Venture SGR S.p.A.

Work highlights

  • Advised KPM Analytics on the acquisition of EyePro System S.r.l. from the previous shareholders Andrea Bertuolo, Massimo Boninsgegna, Enthofin S.r.l. and Marco Aste.
  • Advising JZ International on the acquisition of Lighthouse S.p.A.
  • Acted for Palamon Capital LLP (Fairconnect S.p.A.) on the acquisition of Midori S.r.l. and DriveQuant.

Nunziante Magrone

Nunziante Magrone’s corporate and M&A practice has added a significant number of new clients to its roster recently, both local and international. The practice actively supports on extraordinary transactions, day-to-day corporate operations, commercial contracts and also endeavours to steer start-ups through their business development programmes. Francesco Abbozzo Franzi, a specialist in M&A, shareholder agreements and corporate governance matters, is the key name.

Practice head(s):

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


‘A very competent team.’

‘Recommended for their negotiation skills, transaction structure and contractual knowledge.’

‘Very proactive approach, modern lawyering.’

‘Francesco Abbozzo Franzi – incredibly proactive and business orientated, quick in handling complex matters.’

‘They know the Italian market and the way of doing business better compared to other international firms with offices in Italy. The firm is diversified and versatile, and has the ability to reach out to every part of Italy.’

‘I highly regard Francesco Abbozzo Franzi due to the way he delivers quick and result oriented solutions to clients.’

Key clients

BLANC & FISCHER Familienholding GmbH

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

Cherubini S.p.A.

Herbolea Biotech S.r.l.

Leaf Space S.r.l.

Magaldi Group S.p.A.

Mirka Ltd

Nexive Commerce S.r.l.

Nuroll S.p.A.

Optimas OE Solutions Limited

Performance in Lighting S.p.A.

Société Monégasque Internationale Portuaire S.A.M.

Sphere S.A.

Wipak Bordi S.r.l.

Wipak OY

Work highlights

  • Provided counsel to CDP Venture Capital on the financing and start up pf the Develhope – an organisation based in Sicily – through the Fondo Italia Venture II – Fondo Imprese Sud investment fund. Through this operation Develhope has obtained an initial financing of €2m.
  • Supported Mirka – a manufacturer of flexible abrasives and sanding systems – as it acquired 100% of the share capital of the Turin-based URMA Rolls S.r.l.

Studio Legale Padovan

A key unique selling point for Studio Legale Padovan is its expertise within the field of international trade, export control and sanctions; the team is also active on the transactional front, handling cross-border M&A, joint venture and corporate finance deals, in addition to a wealth of general matters such as commercial contracts. Marco Padovan heads the practice.

Practice head(s):

Marco Padovan


Other key lawyers:

José Alberto Alvarez de Cienfuegos Dominguez


‘A 1st class, business orientated team of lawyers.’

‘Highly professional level combined with an exceptional understanding of the client’s business needs and objectives.’

‘Marco Padovan is an authoritative and reliable professional.’

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.

Work highlights

  • 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.
  • Assisted SACE S.p.A. in reviewing its international economic sanctions policy and the country charts that it also makes public to guide businesses.
  • Advised GMCI S.r.l., an Italian company that manufactures household appliances, on its sale to a Saudi company.

Pirola Pennuto Zei & Associati

Originally founded in the 1980s as a specialist tax firm, Pirola Pennuto Zei & Associati is naturally a go-to for corporate tax mandates though is likewise engaged for business sales, mergers, spin-offers, reorganisations, leveraged buyouts and joint ventures, among other matters. The practice is jointly headed by Stefano Tronconi  and Massimo Di Terlizzi and represents an even mixture of domestic and international clients.

Practice head(s):

Massimo Di Terlizzi; Stefano Tronconi

Other key lawyers:

Nathalie Brazzelli; Francesca de Fraja


‘The team demonstrated a perfect knowledge of the Italian ecosystem. Dedication to get the information and attention to detail are the main strengths.’

‘Team composed of a senior and a mid level, they alternate very well in the management of tasks in order to speed up work and minimize expenditure.’

‘Great availability even in case of emergencies to stay and work until late at night.’

Key clients












Work highlights

  • Assisted EKAF – Industria Nazionale del Caffè S.p.A. with contract negotiation and all company law, financial and employment law issues, as well as with the submission of the golden power notice.
  • Acted as Nexi S.p.A. and Sia Spa carried on the integration of the two groups through the merger by incorporation of Sia into Nexi.

PwC TLS Avvocati e Commercialisti

PwC TLS Avvocati e Commercialisti is home to lawyers with vast experience at all stages of the M&A process, including transaction structuring, contract drafting, due diligence and post-deal reorganisation. Practice head Giovanni Stefanin has particularly strong connections within he banking, financial services, food and retail industries.

Practice head(s):

Giovanni Stefanin

Other key lawyers:

Tommaso Tomaiuolo; Stefano Cancarini


‘Great availability, problem solving and orientation.’

Key clients


Fincantieri S.p.A.

Giuliani S.p.A.

GTS Holding S.r.l.

Dario Valentino Forte

ESA Italia S.r.l.

ALMA – C.I.S. S.r.l. and Consorzio Fra Cooperative di Produzione e Lavoro – Cons. Coop. – Società Cooperativa

Fosber S.p.A.

Mail Express Group S.r.l.

Pamoja Capital SA

Shareholders of Pen-Tec S.r.l.

Importaco SL

Fantic Motor S.p.A


Roscio individuals

JAS Jet Air Service S.p.A.

Etro S.p.A.

Verlinvest S.A

Glennmont Partners and PGGM

Work highlights

  • Legal buy-side assistance to Fincantieri S.p.A. in the acquisition of an additional stake of 30% – through the exercise of a call option on shares – of the corporate capital of INSIS S.p.A.    
  • Assisted Euronext in the acquisition of the Borsa Italiana group from London Stock Exchange Group, represented by Freshfields, in the broader context of LSEG’s acquisition of Refinitiv for a consideration of €4.4bn.
  • Legal buy-side assistance to Giuliani S.p.A. in the acquisition of a stake equal to the 100% of the corporate capital of Nathura S.p.A., a joint-stock company having its registered office in Montecchio Emilia and active in the field of macrobiotic products.

Rucellai & Raffaelli

Rucellai & Raffaelli has a presence in Milan, Rome and Bologna and is led by Enrico Sisti, a lawyer who has transacted over 130 corporate deals throughout the past 15 years; his team has handled numerous matters within the ICT field of late and runs a varied workload encompassing business agreements, corporate governance and reorganisations in addition to mergers, spin-offs and joint ventures.

Practice head(s):

Enrico Sisti


The team is knowledgeable, professional, pleasant to work with and quick to respond and has good virtual contact.

Enrico Sisti is excellent. He gives practical, sound advice and is a great negotiator. He is personable, responsive and I felt confident in his commercial judgement.

Superb team that has a unique blend of strong legal and commercial advice.

Great legal and business partners with superb negotiation skills.

Very hands on team.

Enrico Sisti was very hands on in our M&A negotiations and took us to close without drama and a great deal of professionalism. He was a superb negotiator and provided great business advice in addition to superb legal counsel.

Extensive market and industry knowledge; intricate knowledge of the law and practical knowledge gained through experiences.

Enrico Sisti is highly experienced attorney and advisor who never failed to help us understand the intricacies of Italian law and how they interact with real-life business practices in Italy. His knowledge of the corporate systems and relationships with other advisors/relevant parties were instrumental in our negotiations.

Key clients



Philip Morris

ASP-Advanced Sterilization Products


Shalag Nonwoven Ltd

Insec Equity Partners SGR / Siparex

Fitch Ratings



Altor Equity Partners


Arcelor Mittal

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





Artelia (

Eramet (

SailGP (

Dune (

Work highlights

  • Advising Accenture on various acquisitions, including the purchase of Openmind.
  • Acting for Asobi Vetures, investment arm of Victor Luis,e on the acquisition of on the acquisition of the cycling brand Cinelli.

Studio Legale Associato a Watson Farley & Williams

Studio Legale Associato a Watson Farley & Williams places a high degree of emphasis on the energy, transport and real estate sectors, handling a broad range of mandates including M&A, joint ventures, commercial contracts, workouts, management buyouts and restructuring matters, among others. Practice head Eugenio Tranchino is particularly active on the cross-border front, leveraging the firm’s expansive international network as well as his proficiency in English, French and Spanish.

Practice head(s):

Eugenio Tranchino

Other key lawyers:

Carlo Cosmelli; Tiziana Manenti

Key clients

Predica Energies Durables

Fergas Solar S.r.l.

NAIAD 2012 S.L., Tsk Electronica Y Electricidad S.A. and KB CAPITAL S.A.

German Investment Fund

Smart Energies Transition SA

Belex Holding S.A.

Work highlights

  • Advised Smart Energies on the acquisition of an Italian photovoltaic portfolio from Ensource Renewables S.r.l.
  • Advising a consortium of international renewable energy companies – NAIAD 2012 S.L., Tsk Electronica Y Electricidad S.A. and KB CAPITAL S.A. – on the acquisition of SF South S.r.l.
  • Advised Predica, an investment subsidiary of Crédit Agricole Assurances, on its share acquisition in the Renvico 329 MW Franco-Italian wind portfolio from Engie.

Withers Studio Legale

Withers Studio Legale's team is particularly well known for its work for clients from the design, fashion and luxury goods sectors. Roberta Crivellaro, who is a specialist within the food and wine sectors, is responsible for the firm’s four Italian desks, located in the US, Asia, Switzerland and the US. Sergio Anania heads the group alongside Crivellaro; he handles M&A, corporate finance and banking and restructuring mandates, especially those with a cross-border component.

Practice head(s):

Roberta Crivellaro; Sergio Anania

Other key lawyers:

Anthony Indaimo; Stefano Cignozzi

Key clients

ClubDeal – iStarter

Chatsim Srl

Officine Mak Srl

SBC FashionTech 1921 Srl

Work highlights

  • Assisted Clubdeal SpA, a crowd-funding platform, which provides investment opportunities to high-net-worth individuals (including investments in scale-ups), with a capital increase.
  • Assisted the shareholders of Things Mobile Srl, a global provider of IoT connectivity services (Internet of Things), in relation to the sale of 100% of the quotas of the company to Wireless Logic Ltd, an English company.
  • Assisted Officine Mak with the purchase of a development property in a complex transaction which involved receivables and the purchase of the quotas of the two companies.