Linklaters Studio Legale Associato > Milan, Italy > Firm Profile

Linklaters Studio Legale Associato
Via Fatebenefratelli, 14
20121 Milano
Italy

Italy > Banking and finance: Borrower side Tier 1

Linklaters Studio Legale Associato' borrower-side banking and finance team is consistently sought out to advise on high-end domestic and international finance deals, including acquisition, leveraged and syndicated finance. Other areas of strength range from real estate finance and financial structuring to restructuring, and asset and export finance. Heading the firm’s Italian banking and finance group, Andrea Arosio is an acquisition and leveraged finance specialist, while Francesco Faldi has significant restructuring and insolvency experience. The practice also features Ettore Consalvi, Alessandra Ortelli, Marco Carrieri and Lilia Lani. Diego Esposito was promoted to partner in May 2023.

Practice head(s):

Andrea Arosio

Key clients

Gilde Buy-Out Partners LLP (now Rivean Capital)

Almaviva S.p.A.

Sixth Street

Gruppo Barletta S.p.A.

Devone S.p.A.

Bain Capital Credit, Ltd

Armònia SGR

Telemos Capital

Triton

Bormioli Pharma S.p.A.

Italy > Banking and finance: lender or arranger side Tier 1

Display an ‘outstanding level of competence and negotiation skills', Linklaters Studio Legale Associato‘ banking and finance practice in Milan acts for financial institutions on a range of high-end, domestic and international finance transactions. Acquisition and leveraged finance deal expert Andrea Arosio heads up the team, which includes the firm’s Italy restructuring and insolvency head Francesco Faldi. Other key members include Ettore Consalvi, an adviser on global banking, acquisition and real estate financing, as well as Tessa Lee, Alessandra Ortelli, Diego Esposito and Marco Carrieri (both promoted, respectfully, to partner and counsel in May 2023), senior managing associate Lilia Lani and managing associate Alessandro Tanno.

Practice head(s):

Andrea Arosio

Testimonials

‘Outstanding level of competence and negotiation skills.’

‘Commitment, flexibility and knowledge of Italian and international LBO market standards.’

‘Flexibility, a cooperative and pragmatic approach and problem-solving skills.’

Key clients

Pemberton Capital Advisors

PAI Partners

Bank of America

Deutsche Bank

Partners Group

Crédit Agricole

UniCredit

Intesa Sanpaolo

ING Bank N.V.

Banco BPM

Rivean Capital

Italy > Capital markets: Equity Tier 1

Linklaters Studio Legale Associato's ECM team of Italian, UK and US-qualified lawyers remains consistently sought out for high-profile deals in Italy. Recent examples include advising the joint global coordinators and joint bookrunners on the Lottomatica Group IPO. The practice is jointly led by Claudia Parzani, the current chair of the Italian Stock Exchange; and Ugo Orsini, who acts for major investment banks, financial institutions and corporations on capital markets transactions, including equity and equity-linked deals. At managing associate level, Francesco Eugenio Pasello also specialises in ECM transactions.

Practice head(s):

Claudia Parzani; Ugo Orsini

Other key lawyers:

Testimonials

‘Linklaters has an exceptional ECM team – deep knowledge of capital markets law and regulations, and always knowledgeable and responsive.’

Key clients

Barclays Bank Ireland PLC

Intesa Sanpaolo S.p.A.

BofA Securities Europe SA

Citigroup Global Markets Europe AG

Deutsche Bank Aktiengesellschaft

Goldman Sachs International

Mediobanca – Banca Di Credito Finanziario S.p.A.

Morgan Stanley & Co. International plc

J.P. Morgan SE

BNP Paribas

UniCredit Bank AG, UniCredit S.p.A.

Volkswagen AG

Dr. Ing. h.c. F. Porsche AG (Porsche AG)

Kepler Cheuvreux

Net Insurance S.p.A.

Banco Santander, S.A

Société Générale

Stifel Europe Bank AG

Equita SIM S.p.A.

Joh. Berenberg, Gossler & Co. KG

Credit Suisse Bank (Europe)

Work highlights

  • Advised BofA Securities Europe, Citigroup Global Markets, Credit Suisse Bank (Europe) and Mediobanca – Banca di Credito Finanziario, as joint global coordinators and joint bookrunners, and the other syndicate members (Banco Santander, Barclays Bank Ireland, Société Générale and Stifel Europe Bank AG) on a rights issue by Banca Monte dei Paschi di Siena.
  • Advised Barclays Bank Ireland PLC, Deutsche Bank, Goldman Sachs, J.P. Morgan and UniCredit, as joint global coordinators; Apollo Capital Solutions, Banca Akros, BNP Paribas and Mediobanca, as joint bookrunners; and Equita SIM and Siebert Williams Shank, as co-managers, on the IPO of Lottomatica Group on Euronext Milan.
  • Advised Goldman Sachs International, J.P. Morgan and UniCredit, as joint global coordinators and joint bookrunners, and Equita and Berenberg, as joint bookrunners, in relation to the offering of shares and the dual listing of Ferretti on Euronext Milan.

Italy > Capital markets: Debt Tier 2

Linklaters Studio Legale Associato draws on the bench strength of its Italian, UK and US practitioners, who act for both corporate issuers and underwriting banks on debt matters. It also advises on securitisation and structured finance deals. Highlights include assisting UniCredit with updating its €35bn covered bond programme. Dario Longo leads the structured finance and financial regulatory practices. Other key figures include Ugo Orsini, who brings expertise to debt deals, counsel Linda Taylor, an expert in  international capital markets. In May 2023, Lorenzo Dal Canto, whose workload includes covered bonds, residential mortgage securitisations, receivables and project bonds, was promoted to counsel.

Practice head(s):

Dario Longo; Ugo Orsini; Linda Taylor

Other key lawyers:

Key clients

Intesa Sanpaolo S.p.A.

BofA Securities Europe SA

Citigroup Global Markets Europe AG

Deutsche Bank Aktiengesellschaft

Goldman Sachs International

Mediobanca – Banca Di Credito Finanziario S.p.A.

Morgan Stanley & Co. International plc

L’Isolante K-Flex S.p.A.

Société Générale

MUFG Securities (Europe) N.V.

J.P. Morgan SE

UniCredit Bank AG, UniCredit S.p.A.

ING Bank N.V.

Banco Santander S.A., Milan Branch

Credit Suisse Bank (Europe)

BNP Paribas

Dr. Ing. h.c. F. Porsche AG (Porsche AG)

Work highlights

  • Assisting UniCredit with the update of a €35bn covered bond programme.
  • Advising the joint bookrunners on the issue of exchangeable bonds by Lagfin S.C.A.
  • Advising the managers on an issue by Autostrade per l’Italia of €750m notes.

Italy > Restructuring and insolvency Tier 2

Linklaters Studio Legale Associato is accustomed to advising on innovative and cross-border restructurings and complex domestic agreements. The firm advises its major clients, including investment banks and financial institutions, on litigation, restructuring and liquidation procedures. Francesco Faldi is the firm’s head of practice for restructuring and insolvency and complements his knowledge in this field with his expertise in leveraged financing and structured finance. Ettore Consalvi is a noted member of the firm with experience in leveraged financing, special situations and NPL disposal transactions. Managing partner Andrea Arosio is also experienced in debt restructurings and general lending transactions.

Practice head(s):

Francesco Faldi

Other key lawyers:

Testimonials

‘Excellent team; very innovative and able to find creative solutions with reference to the market.’

‘Francesco Faldi is one of the top lawyers for restructuring.’

‘The team guarantees highly professional legal assistance and an ability to cover various issues, including international law, in carrying out its consultancy activity.’        

‘Francesco Faldi is a person with undisputed recognition for professional preparedness combined with strong relational and diplomatic skills in conducting negotiations, directing clients and counterparties in the consensual definition of contractual closings.’

Key clients

Ferroli S.p.A.

Biwa Fund Limited

CQS (UK) LLP

Bank of America Merrill Lynch

Sculptor Capital Management

Bank of America Europe Designated Activity Company

BNP Paribas

Crédit Agricole Corporate and Investment Bank

Société Générale

Blackstone Ireland Limited

Investcorp Credit Management EU Limited

Magnetar Financial (UK) LLP

Banca Nazionale del Lavoro S.p.A.

Work highlights

Italy > Commercial, corporate and M&A Tier 3

Linklaters Studio Legale Associato’ Italy corporate team is well-known for its advice on public takeovers, cross-border and multi-jurisdictional M&A, joint ventures, and other corporate advisory matters. It is particularly active on behalf of clients from the financial institutions, private equity, real estate, infrastructure, energy, retail, luxury, and telecoms sectors. The principal figures are corporate law specialist Pietro Belloni, renowned M&A expert Roberto Casati, and Giorgio Fantacchiotti, who heads the private equity practice. Alessandra Ghezzi was a new arrival in early 2024.

Practice head(s):

Giorgio Fantacchiotti; Roberto Casati; Pietro Belloni

Other key lawyers:

Key clients

Perfetti Van Melle

Assicurazioni Generali S.p.A.

Ambienta SGR

Telemos Capital Limited

Three Hills Capital Partners

Société des Produits Nestlé S.A.

Sibelco NV

Davidson Kempner

Novo Banco, SA

CDP Venture Capital SGR S.p.A.

Italy > Investment funds Tier 3

Linklaters Studio Legale Associato‘ Italian team routinely advises investment managers on fund formations and financial regulation. The practice is routinely mandated by Bain Capital Credit for the structuring and establishment of Italian real estate and credit sector-related funds. The Milan office’s structured finance and financial regulatory practices are led by Dario Longo, whose practice covers the entire cycle of financially regulated assets. Flanking Longo, Emanuele Umberto Aurilia ‘has remarkable legal and commercial expertise‘.

Practice head(s):

Dario Longo

Other key lawyers:

Emanuele Umberto Aurilia; Samuele Manfredo Pio

Testimonials

‘It’s legal and commercial expertise make the team a reliable partner to work with.‘

‘Emanuele Umberto Aurilia has remarkable legal and commercial expertise.‘

Key clients

GARBE Industrial Real Estate

Union Investment

Davidson Kempner Capital Management

Prelios SGR

Cromwell Property Group

PGIM Real Estate

Macquarie Asset Management

Bain Capital Credit Ltd

Three Hills Capital Partners (THCP)

Boreal IM Ltd

Cadillac Fairview (Ontario Teachers’ Pension Plan)

DWS

Work highlights

  • Advised Macquarie Asset Management on the structuring and formation of an Italian real estate investment fund named Callisto.
  • Advised Cadillac Fairview and Boreal IM Ltd on the structuring and establishment of an Italian fund, which will serve as an Italian investment platform focused on logistic assets.
  • Advised Bain Capital Credit on the structuring and establishment of an Italian fund structure, managed by Cromwell Investments Sarl.

Italy > Private equity Tier 3

Linklaters Studio Legale Associato' private equity expertise in Milan ranges from corporate and M&A matters to banking, capital markets and tax aspects. The group also regularly works alongside the firm's experienced projects, competition, employment and restructuring and insolvency practices, as well as with the firm's wider network. The workload of cross-border M&A and private equity deal expert Giorgio Fantacchiotti includes advising private equity and credit funds on their downstream work and portfolio management.

Practice head(s):

Giorgio Fantacchiotti

Other key lawyers:

Testimonials

‘Linklaters’ private equity team is an established practice offering assistance with the full spectrum of private equity-related matters, from reorganisations to the divestment of portfolio companies.’

‘The use of technology within the firm stands out with respect to other premium law firms.’

‘Great offering to its client base of a wide spectrum of legal services, such as dedicated intranet, secondments of junior lawyers, and alternative billing methods.’

‘Giorgio Fantacchiotti is a very experienced corporate lawyer with huge experience in dealing with the most complex deals.’

‘Giorgio Fantacchiotti is technical but also pragmatic when needed – he does not lose himself in small details but always has the broader picture of the deal in mind.’

Key clients

Ambienta SGR

Telemos Capital Limited

Three Hills Capital Partners

Société des Produits Nestlé S.A.

CK Hutchison Holdings Limited

Hayfin

Rabobank

Intesa Sanpaolo

Barclays Bank

Deutsche Bank

Apollo Global Securities

Credit Suisse Bank

Goldman Sachs

J.P. Morgan

UniCredit Bank

HPS

Arcmont

BNL Banca Nazionale del Lavoro

Cassa Depositi e Prestiti

Banco BPM

Bormioli Pharma

Davidson Kempner

Bain Capital Credit Ltd

Macquarie Asset Management

Italy > EU and competition law Tier 4

Linklaters Studio Legale Associato’ antitrust and foreign investment team advises clients on competition litigation, advisory and regulatory matters, and unfair commercial practices, while also handling complex merger control deals. Lucio D’Amario heads the team and focuses on anti-competitive agreements, abuses of dominant position, and merger control issues.

Practice head(s):

Lucio D’Amario

Key clients

Apple Distribution International

Novartis AG and Novartis Farma S.p.A.

I Squared Capital Advisors

HG Pooled Management Ltd.

Deutsche Börse

Vodafone Group Services Limited

Cerberus European Investments, LLC

Vodafone GMBH

HG Pooled Management Ltd.

Panasonic Corporation

Quixa Assicurazioni S.p.A

FCE Bank plc and Ford Motor Company

Apple Inc., Apple Distribution International, Apple Italia S.r.l. and Apple Retail Italia S.r.l.

Italy > Real estate and construction Tier 4

Linklaters Studio Legale Associato draws on specialists in its banking, M&A, tax and litigation departments to complement its real estate practice. Francesco De Blasio heads the real estate department and maintains a broad practice, advising clients on complex property portfolio acquisitions, real estate contracts, joint venture developments and restructurings. Managing associate Francesco Calabria is noted within the team for his specialisation in real estate investment contracts.

Practice head(s):

Francesco De Blasio

Other key lawyers:

Francesco Calabria; Cristina Garlaschelli

Testimonials

‘They are technically astute and they couple this with specialist bureaucratic knowledge of the peculiarities of the Rome municipality and difficult sellers and fund managers.’

‘Francesco De Blasio is not merely a partner who involves themselves in strategic management, but also does the technical nitty gritty and drafting – a lawyer’s lawyer.’

‘Francesco De Blasio’s technical skill, together with Cristina Garlaschelli’s, is impeccable, and their experience lends to patience in terms of dealing with very complex and adversarial parties with a diplomatic and more successful approach.’

‘Very strong team led by Francesco De Blasio who is one of the strongest real estate lawyers in Italy. Very well embeded in the local real estate market, very client focused and a great fit for international asset managers investing in Italy.’

‘You know that you can leave every legal matter with Francesco De Blasio in good hands. Francesco provides us with valuable and pragmatic advice that is always risk adjusted in an appropriate way and solution focused.’

Key clients

Macquarie

PGIM

Hines Italy Re S.R.L.

Ardian

Prelios SGR S.p.A.

W.P. Carey

Garbe Industrial Real Estate

Union Investment

Prologis Italy Management S.p.A.

Bain Capital Credit

Omnam Group Italy

Cerberus

Kryalos SGR S.p.A.

Blackstone

Panattoni Italy Development

Unicredit S.p.A.

Invimit SGR S.p.A.

Pimco Prime Real Estate

DeA Capital Real Estate SGR S.p.A.

Investire SGR S.p.A.

Kervis SGR S.p.A.

P3 Logistic Parks

Scannell Properties

Apollo Management International LLP

Cromwell Investment Luxembourg S. à r.l.

Work highlights

  • Assisting GARBE Industrial Real Estate and Union Investment in the forward sale and purchase transaction consisting in the acquisition of two logistics complexes under development in Castel San Pietro Terme and Tortona.
  • Assisting Bain Capital Credit and Omnam Group Italy in the acquisition of a property in Rome to be converted into hotel use.
  • Assisting WP Carey in the cross-border sale and lease back transaction involving eight industrial real estate complexes located across Italy and Spain.

Italy > Tax Tier 4

Operating as a tax boutique within a multidisciplinary law firm, Linklaters Studio Legale Associato‘ Milan-based tax practice is led by Roberto Egori, who provides tax advice on M&A, financings, capital markets, reorganisations, structured finance, and real estate deals. Egori is flanked by Fabio Balza, an adviser on M&A and private equity deal-related taxation.

Practice head(s):

Roberto Egori

Other key lawyers:

Fabio Balza; Eugenia Severino; Sergio Merlino

Testimonials

‘The team is very efficient, agrees on strategies with clients, and executes its work promptly while maintaining attention to detail.’

‘The team is well structured and qualified. It is able to work together with clear goals to follow.’

‘The individuals advise on a range of tax issues and have a strong international network for cross-border matters.’

‘Roberto Egori is very skilled at providing solutions to complex matters.’

Key clients

Barclays Bank

Crédit Agricole Corporate and Investment Bank

UniCredit S.p.A., UniCredit Bank AG

Bain Capital Credit

Société Générale

Volkswagen AG

Dr. Ing. H.c. F. Porsche AG (Porsche AG)

Net Insurance S.p.A.

Julia Portfolio Solutions S.p.A.

ProA Capital De Inversiones SGEIC

DeA Capital

Gruppo Barletta S.p.A.

Crédit Agricole Indosuez

Pemberton

Nuveen

Italy > Industry focus: Energy Tier 6

Linklaters Studio Legale Associato Studio Legale Associato’ energy team provides comprehensive advice to corporates and financial institutions on renewable energy and oil and gas transactions, project finance, acquisitions and commercial contracts. The practice is led by the dual qualified (in Italy and England and Wales) Tessa Lee, who focuses on the renewable energy, oil and gas, and conventional power sectors.

Practice head(s):

Tessa Lee

Other key lawyers:

Roberto Casati; Lucia Ciocarlan; Paolo Bertolini; Benedetta Marino; Alessandro Gemmo

Testimonials

‘Linklaters is distinguished by its global presence and strong commitment to excellence. The firm stands out for its impressive international network, providing clients with extensive cross-border capabilities and deep market knowledge across various jurisdictions.’

‘The team is known for its dedication to innovation and leveraging technology to enhance legal services, ensuring efficiency and client satisfaction.’

‘The firm’s emphasis on fostering a collaborative and inclusive work culture contributes to a diverse team of talented professionals, promoting creativity and delivering exceptional legal solutions.’

‘Their collaborative approach fosters a strong team dynamic, promoting knowledge sharing and innovation. Their commitment to the client’s success and their ability to tailor solutions to meet specific client needs distinguish them from competitors.’

‘I particularly value their diligence, adaptability, and commitment to upholding the highest professional standards in the legal field.’

Work highlights

Italy > Banking and finance: Bank regulatory

Linklaters Studio Legale Associato' Milan team routinely advises on the regulated aspects of major  M&A transactions, in addition to assisting investment managers with financial regulation matters.

By combining leading lawyers from across our Italian, English and U.S. law international finance and corporate practices, we pull together teams with the right balance of sector knowledge and legal expertise to get deals done.

Italian lawyers work as a dedicated team alongside international lawyers in a team of more than 100 lawyers (including 15 partners and 9 counsel), combining top quality legal skills with an in-depth understanding of the domestic legal and business environment. The firm focuses on complex and high value domestic and multi-jurisdictional deals. Leading global companies and financial institutions particularly value the expertise of Linklaters’ Italian offices in corporate/M&A, antitrust, employment, banking and finance, restructuring, energy and infrastructure, project finance, public law, capital markets, structured finance, litigation and regulatory work.

Department Name Email Telephone
Senior BD Manager/Co-Head BD WEELEG Marco Visaggio marco.visaggio@linklaters.com +39 02 88393 5421
Marketing Italy Marketing ItalyMarketing@linklaters.com
Photo Name Position Profile
Andrea Arosio photo Andrea Arosio Andrea has extensive experience acting on acquisition and leveraged finance transactions advising…
Emanuele Umberto Aurilia photo Emanuele Umberto Aurilia Emanuele is a senior managing associate in the Investment Funds & Financial…
Fabio  Balza photo Fabio Balza Fabio Balza is a Counsel of Linklaters Milan tax department. He joined…
Federica  Barbero photo Federica Barbero Federica is head of the firm’s Italian Employment practice. She is experienced…
Pietro Belloni photo Pietro Belloni Pietro Belloni is a partner in mainstream corporate practice of Linklaters’ Milan…
Francesco Calabria photo Francesco Calabria Francesco is a managing associate in the real estate practice group, based…
Marco  Carrieri photo Marco Carrieri Marco Carrieri is a Counsel at Linklaters in Milan. He has experience…
Roberto Casati photo Roberto Casati Roberto Casati practice focuses on securities, corporate, banking, EU, and international business…
Ivan Chuprunov photo Ivan Chuprunov Ivan Chuprunov has over 17 years of experience of advising international clients…
Ettore Consalvi photo Ettore Consalvi Ettore has extensive experience in corporate and structured lending, acquisition and real…
Lorenzo  Dal Canto photo Lorenzo Dal Canto Lorenzo is a Capital Markets counsel based in the firm’s Milan office…
Francesco De Blasio photo Francesco De Blasio Francesco de Blasio joined Linklaters in September 2021  as Head of the…
Lucio D’Amario photo Lucio D’Amario As head of the firm’s Italian Competition/Antitrust practice, Lucio has extensive knowledge…
Roberto Egori photo Roberto Egori Roberto is partner and head of the tax practice in Italy. Roberto…
Diego Esposito photo Diego Esposito Diego Esposito is a partner based in the firm’s Milan office but…
Francesco Faldi photo Francesco Faldi Francesco Faldi is a partner in the Banking and Finance department in…
Giorgio Fantacchiotti photo Giorgio Fantacchiotti Giorgio specialises in transactional work with a focus on cross-border public and…
Anna Ferraresso photo Anna Ferraresso Anna Ferraresso is a Counsel in the Structured Finance and Financial Regulation…
Alessandra Ghezzi photo Alessandra Ghezzi Alessandra Ghezzi is a Counsel based at Linklaters’ Milan offices specialized in…
Lilia Maria Lani photo Lilia Maria Lani Lilia is a managing associate in the Banking & Finance department of…
Laura Le Masurier photo Laura Le Masurier Laura is a managing associate in the Capital Markets department of Linklaters’…
Dario Longo photo Dario Longo Dario Longo is a partner in our capital markets group at Linklaters since the…
Ugo Orsini photo Ugo Orsini Ugo is a corporate Partner based in Milan who regularly assists major…
Alessandra Ortelli photo Alessandra Ortelli Alessandra Ortelli is a counsel in the banking & finance department of…
Claudia Parzani photo Claudia Parzani Specialized in corporate matters, Claudia has assisted and advised many of the…
Francesco Eugenio Pasello photo Francesco Eugenio Pasello Francesco Pasello is a counsel in the capital markets practice of our…
Photo Name Position Profile
Tessa Kate Lee photo Tessa Kate Lee Dual English and Italian law-qualified, Tessa has a long-established track record as…
Linda Taylor photo Linda Taylor Linda Taylor is an Italian and English law-qualified Counsel based at Linklaters’ Milan…
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