Firm Profile > Orrick, Herrington & Sutcliffe > Milan, Italy

Orrick, Herrington & Sutcliffe
MILAN 20121

Compliance Tier 1

Orrick, Herrington & Sutcliffe's 'team is really appreciated for its performance, availability and competence'. It is highly rated for compliance matters involving the Decree 231-governed corporate administrative liability of companies and financial institutions; the practice also assists with the design of compliance programmes and privacy matters following the implementation of the EU’s 2018 General Data Protection Regulation (GDPR). It recently advised several financial institutions, including AIG Europe, Allianz Group, Clessidra and Credit Agricole Assicurazioni, on Decree 231 corporate liability compliance matters. Alessandro De Nicola and Marco Dell’Antonia are the names to note.

Industry focus: Energy Tier 1

Orrick, Herrington & Sutcliffe's cross-practice team is active in corporate and M&A, banking and finance, project development, administrative and regulatory matters. Of counsel Andrea Gentili, who has 'deep knowledge of the market', was part of a group which assisted Graziella Green Power with drafting and negotiating agreements for a joint venture to develop the first 5MW geothermal power plant in Europe using zero-emission technology. The team also assisted a clean energy infrastructure investment fund with the €190m refinancing of a wind power plant portfolio through a project bond. This transaction was the first-ever bond issuance for a portfolio of wind power plants. Carlo Montella is the head of team. Cristina Martorana departed for Legance - Avvocati Associati in January 2019.

Capital markets: Debt Tier 2

Able to cover Italian, English and US law, Orrick, Herrington & Sutcliffe routinely advises on high-end securitisations, bond and other DCM programmes, including EMTN programmes. The team advised Pirelli & C, as issuer and guarantor, on the annual update and increase of its up-to €2bn EMTN programme. Italy managing partner Patrizio Messina heads the Italian banking and finance team and Gianrico Giannesi is deputy head of the Italian finance group. Other key members are Annalisa Dentoni-Litta and Madeleine Horrocks, while Alessandro Accrocca was made of counsel.

Real estate and construction Tier 2

At Orrick, Herrington & Sutcliffe, the real estate team is ‘strong and sophisticated due to its ability to navigate complex cross-border transactions’ and can work ‘under extreme time and financial pressure’. Practice head Emanuela Molinaro and associate Christian Turotti are recommended for being ‘extremely hardworking and responsive’. The group’s recent caseload includes advising Aaron Hotels and Hostels Holding on the sale of a hostel complex in Venice to A&O Hotels for €400m, and assisting Carrefour Property Italia with a commercial development project involving the demolition of an existing hypermarket and the construction of a new retail park. Other notable clients include BNP Paribas REIM, Prelios and Apollo Management International.

Banking and finance: Bank regulatory Tier 3

Orrick, Herrington & Sutcliffe recently advised a banking group on a complex outsourcing of IT systems, which involved the drafting and negotiation of an outsourcing contract that was in compliance with both Italian and EU regulations. Italy managing partner Patrizio Messina heads the Italian banking and finance team. Former Italian banking and financial regulation practice head Marco Zechini exited for MJ Hudson Alma.

Banking and finance: Borrower side Tier 3

Orrick, Herrington & Sutcliffe's Patrizio Messina leads the firm's Italian finance group and Gianrico Giannesi  is deputy head. The team advised Snam on a high-value financing for a pipeline that will transport gas from Azerbaijan to Italy. Other key advisers are project finance and shipping finance expert Raul RicozziMadeleine Horrocks, who regularly handles project finance, and Annalisa Dentoni-Litta, who is highly specialised in public asset finance. Marina Balzano was hired from Pavia e Ansaldo.

Banking and finance: lender or arranger side Tier 3

Orrick, Herrington & Sutcliffe's key areas of lender and arranger work include the innovative structuring of banks, the recapitalisation of struggling banks, structured finance, financial services regulations and related fintech matters. Patrizio Messina is Italian finance group head, Gianrico Giannesi is deputy head of the Italian finance group, Raul Ricozzi is a project finance and  shipping finance expert, Annalisa Dentoni-Litta is highly specialised in public asset finance and Madeleine Horrocks regularly acts on complex Africa-related financing transactions. Marina Balzano was hired from Pavia e Ansaldo.

Commercial, corporate and M&A Tier 3

Orrick, Herrington & Sutcliffe has notable specialisms in deals involving energy, financial services, technology, healthcare, private equity and distressed transactions and investments. Marco Nicolini heads the corporate practice in Italy; Alessandro De Nicola advised Banca Intermobiliare di Investimenti e Gestioni on the sale of of BIM Suisse's entire share capital to Banca Zarattini & Co; and Guido Testa assisted Coorstek Medical with the sale of Nanosurfaces Industries, an Italian hip and knee implant manufacturer, to Eurocoating. Marco Dell’Antonia and Attilio Mazzilli are also highly regarded; Marco Mancino was promoted to of counsel.

Private equity Tier 4

Orrick, Herrington & Sutcliffe's private equity head Guido Testa 'has excellent capabilities during negotiations'; Testa acted for Consilium, a PE-dedicated asset management company, on the acquisition, through Consilium Private Equity Fund III, of a majority stake in River group, which manufactures high-quality sneakers for international luxury brands.

Restructuring and insolvency Tier 4

Orrick, Herrington & Sutcliffe's 'skilled advisers provide workable solutions'. The practice covers investments in distressed assets, bankruptcy scenarios, bankruptcy-related litigation and debt restructuring transactions. Special counsel Daniela Andreatta heads the restructuring and insolvency group.

Tax Tier 5

Orrick, Herrington & Sutcliffe's tax head Alessandro Mainardi is experienced in domestic and international taxation; his team advises on the tax aspects of finance, M&A and restructuring transactions.

Orrick, Herrington & Sutcliffe (Europe) LLP focuses on serving companies in the technology, energy, infrastructure and financial sectors.

The firm: Founded in San Francisco 150 years ago, Orrick is a leading global law firm with a particular focus on serving companies in the technology, energy, infrastructure and financial sectors. The firm is recognised worldwide for delivering the highest quality, commercially oriented legal advice.

Orrick in London is an established and highly regarded presence in the world’s leading financial centres. Clients include leading banks and other financial institutions, FTSE 100 companies, energy and infrastructure companies, private equity funds, professional services, real estate and venture-backed technology companies. The firm’s integrated team of transactional, regulatory and litigation lawyers, qualified in English and US law, is experienced in meeting the needs of clients. It offers expertise in banking and corporate finance, venture capital, cross-border M&A, IPOs and other corporate fundraising, joint ventures and strategic alliances, competition, employment, real estate, restructuring, private equity, emerging markets, tax, cybersecurity and data privacy, litigation, investigations and international arbitration.

Much of the firm’s work in London involves cross-border transactions, disputes and projects that span Europe, the Middle East, Africa, Asia and the Americas. The London office has extensive experience in emerging markets – particularly in Eastern Europe and Africa. With a ‘one-firm’ culture, Orrick’s lawyers collaborate as part of integrated teams to meet the global needs of clients.

Types of work undertaken: Technology: Orrick is one of only a handful of firms in London that offers technology-focused clients the experience and contacts within one of the leading Silicon Valley-originated technology practices. The team includes US-qualified and dual-qualified lawyers, some of whom have practised in Silicon Valley. It advises technology companies at all stages in the corporate life cycle, from startups to global multinational companies. It also represents leading venture capital and private equity firms. In addition to completing numerous venture financings, it successfully advises on M&A exits and IPOs. The team represents technology companies in complex merger control investigations before the European Commission. It also advises on issues at the nexus of antitrust and intellectual property.

Energy and infrastructure: the energy team brings broad experience in M&A, trading, project development, financing and cross-border projects. Its experience covers every fuel source and technology across oil and gas, power and renewable energy, and it acts for all market segments including independent power producers, governments, sponsors, trading houses, private equity funds, emerging companies, investors, utilities, developers, lenders and underwriters. In oil and gas, Orrick acts on upstream, midstream and downstream trading projects, working for companies, lenders and governments. It has also recently advised on the acquisition or disposal of in excess of 300MW of renewable energy projects.

Finance: the London finance team represents leading credit providers and borrowers (including private equity sponsors) in a wide range of international/cross-border and UK transactions, including leveraged and acquisition financings, greenfield and brownfield real estate and project financings, and high-yield and structured financings. It has an active practice representing alternative credit providers, and advises private credit and direct lending providers, investment funds, hedge funds, real estate investors and other alternative lenders on acquisition financings, single-asset project and real estate financings, asset-based loans, mezzanine financings, unitranche facilities and venture capital loans.

Restructuring: the restructuring team acts for alternative credit providers, hedge funds and special situations teams of investment banks to execute investment strategies that may involve loan-to-own techniques, pre-pack enforcements and debt-to-equity swaps either outside court or involving a court process throughout Europe.

Real estate: the London real estate team provides comprehensive support for investors based in the UK and internationally. It has extensive experience in shopping centres and retail, and has been involved in some of the largest transactions in the UK.

Other offices: Beijing, Brussels, Düsseldorf, Geneva, Hong Kong, Houston, Los Angeles, Milan, Moscow, Munich, New York, Orange County, Paris, Portland, Rome, Sacramento, San Francisco, Seattle, Shanghai, Silicon Valley, Taipei, Tokyo, Washington DC, Wheeling.

Photo Name Position Profile
 Alessandro De Nicola photo Alessandro De Nicola
 Andrea Gentili photo Andrea Gentili
 Pietro Merlino photo Pietro Merlino
 Carlo Montella photo Carlo Montella