White & Case LLP Italy > Milan, Italy > Firm Profile

White & Case LLP Italy
PIAZZA DIAZ 2
20123 MILAN
Italy

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

White & Case LLP Italy routinely assists with leveraged finance; syndicated loans; real estate finance, asset financing and export finance; mezzanine and hybrid debt; and private debt transactions. Recently promoted from local partner to partner, Giuseppe Barra Caracciolo advises on banking, asset and acquisition financing deals; Iacopo Canino is ‘an exemplary professional‘; Gianluca Fanti‘s practice includes banking matters; and Andrea Novarese consistently acts for investment banks and financial institutions. Also key to the team is financing expert Francesco Scebba, along with experienced senior associates Bianca CarusoTiziana Germinario and Stefano Bellani.

Testimonials

White & Case is one of the best firms in the banking and finance sector.

Trained professionals offering state-of-the-art legal advice and diversified and innovative solutions.

The best firm for quality, competence and team depth.

Very high levels of competence, professionalism and knowledge of the market.

Iacopo Canino is an exemplary professional; an established lawyer who is always able to provide valid legal advice and find a useful compromise between the opposing needs of banks and borrowers.

Iacopo Canino has great experience, business expertise and problem-solving skills.

Gianluca Fanti: maximum competence and dedication with superb knowledge of the this market, including the most recent news.

Gianluca Fanti is a point of reference in the sector for professionalism, seriousness and competence.

Key clients

Bank of America Merrill Lynch

Banco de Sabadell

BNP Paribas

Cassa Depositi e Prestiti

Citibank

Deutsche Bank

Goldman Sachs

Intesa Sanpaolo

Banca IMI

J P Morgan

Mediobanca

Morgan Stanley

Natixis

Rabobank

UniCredit

Banca IFIS

Banca Nazionale del Lavoro

Banco BPM

BPER Banca

Credito Fondiario

Crédit Agricole Italia

illimity Bank

UBI Banca

Work highlights

  • Advised a pool of banks, including Intesa Sanpaolo, BNP Paribas, BNL, UniCredit, Banco BPM and Natixis, on a five-year €750m revolving credit facility granted to Autostrade per l’Italia.
  • Advised JPMorgan Chase Bank (Milan Branch) as sole underwriter, lender and issuing bank, and J P Morgan, as mandated lead arranger and bookrunner, on the syndicated financing to a vehicle, incorporated by Nuova Argo Finanziaria to fund the voluntary tender offer for all of ASTM’s ordinary shares.
  • Advised Goldman Sachs, as arranger, on an up-to €260m financing programme for Casavo.

Italy > Capital markets: Debt Tier 1

Fielding a large US, English and Italian capital markets practice, White & Case LLP Italy consistently works on complex and large DCM and high-yield transactions across all debt products. The broad practices of Giuseppe Barra Caracciolo and Gianluca Fanti include complex securitisation transactions; Ferigo Foscari has longstanding securities experience; and Michael Immordino works across the Milan and London offices. The second line of experienced practitioners includes Francesco Scebba, who was made partner in 2020; Tommaso Tosi, who has notable high-yield capital markets experience; as well as associates Robert BeckerPietro Magnaghi and Alessandro Picchi.

Testimonials

The firm is characterised by very high levels of expertise in the Italian and international markets.

‘Deep technical knowledge gained in the context of significant and complex transactions.

Expertise and international components that allow 360-degree assistance.

The team is very present and proactive, and made up of experienced and competent professionals.

Ferigo Foscari is a strong reference point for corporate and banking issuers.

Key clients

Acea

Adler Pelzer

Aéroports de la Côte d’Azur

Aeroporti di Roma

AMA

Amplifon

Astaldi

ASTM

Atlantia

Atlas Capital Markets

Autogrill

Autostrade per l’Italia

Azimut

Banca Akros

Banca IMI

BC Partners

BFF Bank

Banca Popolare di Vicenza

Banco BPM

Bank of America Merrill Lynch

Barclays

Biverbanca

BNP Paribas

Cassa di Risparmio di Asti

Cassa di Risparmio di Biella e Vercelli – Biverbanca S.p.A.

Cedacri

Citigroup

Corporation America Italia

Crédit Agricole

Credit Suisse

Credito Fondiario

CVC Capital Partners

De’Longhi

Deutsche Bank

doBank

doValue

Enel

Enel X

Esselunga

E.S.TR.A.

Fire

Gamenet

Glennmont Partners

Goldman Sachs

GSO Capital Partners

GVS

Hoist Finance

HP Pelzer Group

HSBC

Ion Analytics

Ion Corporates

Ion Markets

Intercos

International Game Technology

IMA

Intesa Sanpaolo

Jefferies International

JP Morgan

Kedrion

Lone Star Funds

Mediobanca

Morgan Stanley

MPS Capital Services

Natixis

NatWest Markets

Oaktree Capital Management

Philogen

Piaggio

Pemberton Asset Management

Pininfarina

Pitagora

Pro-Gest

Recordati

SECO

Standard Chartered Bank

Ruffini Partecipazioni

SIA

SICIT

Société Générale Corporate & Investment Banking

Società di Progetto Brebemi

TCP Lux Eurinvest

Toscana Aeroporti

UBI Banca

UniCredit

UniCredit Leasing

Wind Tre

York Capital Management

Work highlights

  • Advised Sofima, the holding company that controls IMA, on a high-yield bond issuance of senior secured notes (issued in two tranches).
  • Advised Autostrade per l’Italia on its issuance of high-yield notes.
  • Advised Credito Fondiario, Deutsche Bank and JP Morgan (as co-arrangers and senior investors) on a securitisation of secured and unsecured claims (classified as non-performing).

Italy > Capital markets: Equity Tier 1

Showcasing a large on-the-ground US, English and Italian team, White & Case LLP Italy‘s practice consistently works on the market’s most complex and largest ECM transactions. The team covers the full range of ECM instruments, such as IPOs, rights issues, secondary offerings, accelerated book Buildings (ABBs), private investments in public equity (PIPEs), and equity-linked products (including exchangeable and convertible bonds). The principal ECM partners are Ferigo Foscari, London and Milan-based Michael Immordino, and Piero de Mattia. Robert Becker (a US-qualified lawyer) and Alessandro Picchi are the associates to note.

Other key lawyers:

Testimonials

Professionalism and accuracy of responses.

Great global network with deep connections.

Ferigo Foscari shows flexibility and a constant interest in satisfying the client’s needs.

Michael Immordino is a great professional who is always available.

Key clients

Acea

Adler Pelzer

Aéroports de la Côte d’Azur

Aeroporti di Roma

AMA

Amplifon

Astaldi

ASTM

Atlantia

Atlas Capital Markets

Autogrill

Autostrade per l’Italia

Azimut

Banca Akros

Banca IMI

BC Partners

BFF Bank

Banca Popolare di Vicenza

Banco BPM

Bank of America Merrill Lynch

Barclays

Biverbanca

BNP Paribas

Cassa di Risparmio di Asti

Cassa di Risparmio di Biella e Vercelli – Biverbanca

Cedacri

Citigroup

Corporation America Italia

Crédit Agricole

Credit Suisse

Credito Fondiario

CVC Capital Partners

De’Longhi

Deutsche Bank

doBank

doValue

Enel Enel X

Esselunga

E.S.TR.A

Fire

Gamenet

Glennmont Partners

Goldman Sachs

GSO Capital Partners

GVS

Hoist Finance

HP Pelzer Group

HSBC

Ion Analytics

Ion Corporates

Ion Markets

Intercos

International Game Technology

IMA

Intesa Sanpaolo

Jefferies International

JP Morgan

Kedrion

Lone Star Funds

Mediobanca

Morgan Stanley

MPS Capital Services

Natixis

NatWest Markets

Oaktree Capital Management

Philogen

Piaggio

Pemberton Asset Management

Pininfarina

Pitagora

Pro-Gest

Recordati

SECO

Standard Chartered Bank

Ruffini Partecipazioni

SIA

SICIT

Société Générale Corporate & Investment Banking

Società di Progetto Brebemi

TCP Lux Eurinvest

Toscana Aeroporti

UBI Banca

UniCredit

UniCredit Leasing

Wind Tre

York Capital Management

Work highlights

  • Advised Philogen on its IPO on the Mercato Telematico Azionario.
  • Advised Goldman Sachs International and Mediobanca – Banca di Credito Finanziario (as joint global co-ordinators and joint bookrunners) and Mediobanca – Banca di Credito Finanziario (as sponsor) on the IPO of SECO on the STAR segment of the Milan Stock Exchange.
  • Advised BC Partners on the mandatory tender offer for the remaining publicly outstanding shares of IMA.

Italy > Banking and finance: Borrower side Tier 2

White & Case LLP Italy‘s practice covers the entire lifecycle of financing mandates, and it is able to combine its banking and finance expertise with the firm’s debt capital markets, structured finance and financial restructuring capabilities. Giuseppe Barra Caracciolo has longstanding experience in banking, asset and acquisition financing deals; Iacopo Canino is a leveraged finance expert; and Gianluca Fanti is a banking and finance transactions specialist. Also integral to the group are Andrea Novarese and local partner Francesco Scebba, along with senior associates Bianca CarusoTiziana Germinario and Stefano Bellani.

Testimonials

Very high levels of competence, professionalism and knowledge of the market.

Gianluca Fanti – maximum competence and dedication with maximum knowledge of the reference market, including all the most recent news.

Key clients

Abertis

Adler Pelzer

Ali Group

Allegrini Vini

Amplifon

AMA

Argo Tractor

Autogrill

Autostrade per l’Italia

Balmain

Barilla

CPL Concordia

10 Datalogic

Edizione

Edizione Real Estate

Enel

Esselunga

Fratelli Beretta

Gemmo

Grandi Navi Veloci

Hippocrates Holding

Impresa Medica

Infrastrutture Wireless Italiane

Italiaonline

IRGEN RE

Kedrion

Libero Acquisition

Milanosesto

Open Fiber

Piaggio & C

Proma Group

Recordati

Sirti

Società di Progetto Brebemi

TeamSystem

Tecnica Group

Toscana Aeroporti

Work highlights

  • Advised Open Fiber on the upsize of its existing 2018 financing from €3.5bn to approximately €4.15bn, and an amendment and restatement of the same.
  • Advised Industria Macchine Automatiche (IMA) on the financing aspects of its take-private deal.
  • Advised Autogrill on both a €300m SACE-guaranteed financing (made available by UniCredit, Intesa Sanpaolo, Banco BPM, BNP Paribas, Crédit Agricole, Mediobanca and UBI) and a €100m term financing made available by Intesa Sanpaolo.

Italy > EU and competition law Tier 2

White & Case LLP Italy's competition practice was recently retained to assist with major cartel and abuse of dominance investigations, alongside merger control notifications and clearances of significant international transactions. Veronica Pinotti has extensive experience in the management of distribution networks, cartels and abuse of dominance, as well as state aid and regulated market-related issues, antitrust audits, and risk assessments of potential antitrust liabilities; and working exclusively in EU and national competition law, Martino Sforza was promoted to local partner in 2021. Patrizia Pedretti and Carlotta Frascoli are experienced associates.

Practice head(s):

Testimonials

White & Case is, in my opinion, one of the best international firms in Milan. The antitrust team is always very accurate, fast and proactive, and combines the highest quality consultancy with fast turnaround times and innovative solutions.

W&C’s approach is very pragmatic and well attuned to client’s needs. I found working with them a breeze.

We were very fortunate to have a dedicated team from White & Case (Milan) defend the company during an Italian antitrust investigation. They delivered on the aggressive stance we demanded in response to the outrageous allegations of the complainant, while keeping a prudent approach to ensure the expected outcome.

Its APP is specifically designed to provide timely assistance in the event of a dawn raid by the antitrust authorities – unique and useful in delicate moments such as surprise inspections.

Veronica Pinotti is a great expert in the sector and always very helpful.

Veronica Pinotti is a very strong attorney who has solid knowledge of antitrust law, but also with a strong business acumen. Her availability 24/7 is unmatched!

Veronica Pinotti has always been very careful as well as avant-garde. She truly believes that investing in new technologies and innovative ideas is also indispensable in the legal sector.

Veronica Pinotti has been supported for years by local partner Martino Sforza, a tireless worker and lawyer with unique ethics, skills and background. His work is extremely precise, accurate and of outstanding quality.

Key clients

Alstom

Amazon EU

Autosock Operations

BC Partners

Daikin

Daimler

Danone

Mellin

Nutricia Italia

Davide Campari Milano

Dyson

Eco-Bat

Energean Oil & Gas

Eni

Facebook

Ferrero Italia

Heineken Italia

HSBC

Huawei Italia

Husky

Hytera

Hyundai Motor Company

Itron

Japan Tobacco International

McDonald’s

Fondazione Ronald McDonald Italia

MOL

Nestlé

Octapharma

Pastificio Rana

Peninsula Capital

Pernod Ricard

PFH – Palladio Holding

Pfizer Italia

Pro-Gest

Ralph Lauren Europe

Veronesi Holding

Warner Bros Entertainment Italia

Work highlights

  • Represented international scrap lead battery recycler, Eco-Bat, in a cartel proceeding initiated by the ICA for alleged collusive conduct.
  • Defending Husky, the international manufacturer of PET container machines, in a proceeding initiated by the ICA for alleged breach of abuse of dominant position rules.
  • Represented Nestlé in the EC notification and clearance of its acquisition (through a joint venture with competitor Lactalis) of certain assets of Parmalat, which are primarily located in Italy.

Italy > Private equity Tier 2

White & Case LLP Italy’s practice is spread across three core pillars, namely assisting with inbound investments from financial sponsors and funds, supporting portfolio companies in respect of their growth strategies and guiding corporates through their company or asset-related sales to private equity players. The Milan-based team often operates in close tangent with the firm’s global private equity practice and is equipped to offer on-site Italian, English and US legal advice. Alessandro Seganfreddo, Ferigo Foscari, Michael Immordino  and Leonardo Graffi jointly head the practice and have considerable experience in high-end M&A and private equity deals, both domestic and multinational.

Practice head(s):

Ferigo Foscari; Leonardo Graffi; Michael Immordino; Alessandro Seganfreddo

Testimonials

‘Very strong team. Strong and extremely competent lawyers’

‘Individuals are extremely high-caliber people.’

‘Leonardo Graffi is a lawyer truly to be noted for his competence, professionalism and availability towards the client.’

Key clients

Accelero Capital

Ambienta SGR

Antin Infrastructure Partners

Arjun Infrastructure Partners

BC Partners

Blackstone Tactical Opportunities Advisors

Capvis Equity V

Centerbridge

CEE Equity Partners

Cobepa

CVC Capital Partners

Elliott Capital

Evolution Equity Partners

First Sentier Investors

FSI SGR

Goldman Sachs International

IK Investment Partners

Infracapital

InfraVia Capital Partners

Megg Invest

Muzinich

Peninsula Capital

PFH Palladio Holding

Summit Partners

Tengram Capital Partners

Trilantic Capital Partners

Verlinvest

VGO Capital Partners

Italy > Banking and finance: Bank regulatory Tier 3

White & Case LLP Italy‘s financial services regulatory practice recruited both partner Alessandro Zappasodi and experienced associate Licia Mongiello from Pedersoli Studio Legale in August 2021. Particularly focused on the banking, financial and insurance sectors, Zappasodi predominantly assists Italian and foreign banks (and other financial intermediaries and investors) with their day-to-day operations and extraordinary transactions. His experience also includes complex domestic and EU regulatory matters. Mongiello regularly assists with authorisation procedures.

Practice head(s):

Other key lawyers:

Key clients

Intesa Sanpaolo Group

Fideuram – Intesa Sanpaolo Private Banking

EnVent Capital Markets

LoanXchain

BFF Bank

Italy > Commercial, corporate and M&A Tier 3

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

Alfagomma

Alha Holding

Alisarda

Amplifon

Angelini

ASTM

Atlantia

Autogrill Group

Autostrade per l’Italia

Cellnex Italia

Clariant

Cerved Group

Cloetta

Datalogic

De’Longhi

Do Value

DP Group

I.M.A. – Industria Macchine Automatiche

FIMER

Firmerich

International Game Technology

Italcementi

Italiaonline

Kedrion

Libero Acquisition

Lowa Sportschuhe

Mercedes Benz Italia

Modes

Nestlé

Recordati

SIA

Takeda Pharmaceuticals

Tecnica Group

Victoria Plc

Accelero Capital

Antin Infrastructure Partners

Arjun Infrastructure Partners

BC Partners

Blackstone

CEE Equity

Centerbridge

Cobepa

CVC Capital Partners

Elliott Capital

Evolution Equity Partners

First State Investments

FSI SGR

IK Investment Partners

Infracapital

InfraVia Capital Partners

Megg Invest

Muzinich & Co.

PFH Palladio Holding

Peninsula Capital

ProA Capital

Progressio

Trilantic Capital Partners

Verlinvest

Barclays

Banco BPM

Goldman Sachs

Intesa Sanpaolo

JP Morgan

UniCredit

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.

Italy > Restructuring and insolvency Tier 3

White & Case LLP Italy‘s sizable financial restructuring and insolvency team is described as ‘very competent, structured and able to tackle complex projects very effectively.’ The department is part of the firm’s wider European restructuring and insolvency team and is therefore able to provide Italian, English, EU and US advice. Gianluca Fanti has ‘great skills and experience.’ Giuseppe Barra Caracciolo is a great professional: serious, prepared and capable of finding practical solutions.’ Maria Cristina Storchi provides ‘excellent service’. Iacopo Canino, Andrea Novarese and Francesco Scebba are also noted. Alessandro Nolet is now with Linklaters.

Practice head(s):

Iacopo Canino; Gianluca Fanti; Andrea Novarese; Maria Cristina Storchi; Giuseppe Barra Caracciolo; Francesco Scebba

Testimonials

‘Excellent service rendered by partner Maria Cristina Storchi.’

‘Strategic view of operations.’

‘Technical competence, combined with the ability to effectively support the customer’s decision-making.’

‘Number one in credit transfers, the team also has good expertise in restructuring. Great commitment and work capacity. Extremely attentive to regulatory updates and the related implications for creditors.’

‘Gianluca Fanti is an excellent professional, with great skills and experience.’

‘Very competent and structured team. Able to tackle complex projects very effectively.’

‘Giuseppe Barra Caracciolo is a great professional: serious, prepared and capable of finding practical solutions. Gianluca Fanti has a great commercial spirit.’

Key clients

Alisarda – Air Italy

Banco BPM

Banca Ifis

Banca Monte dei Paschi di Siena S.p.A.

Blackstone (formerly GSO Capital Partners)

BPER

Cariparma (Credit Agricole)

Compagnia Internazionale Tessuti

Fingen

Gemmo

Gruppo D’Alesio

Hertz Global Holdings

Intesa Sanpaolo

Mediobanca

Novalpina Capital

Oaktree

Oak Hill

Sound Point

UniCredit

VGO Capital Partners

York Capital Management Europe

Work highlights

  • Representing Intesa Sanpaolo S.p.A. in connection with a €6 billion project launched by the Italian listed company Salini Impregilo S.p.A. aimed at strengthening the Italian sector of public works and construction, as a result of which, inter alia, Salini Impregilo S.p.A. will acquire a majority stake in Astaldi S.p.A., another Italian listed company in the context of its arrangement with creditors (concordato preventivo).
  • Represented Hertz Global Holdings, Inc. and, particularly, the Italian entities of the Hertz Group in connection with the filing of Chapter 11 proceedings in the US.
  • Represented York Capital Management Europe in connection with a restructuring transaction involving the acquisition of a €85 million and a €150 million non-performing mortgage loan portfolios secured by a combination of hotels and residential properties and the subsequent restructuring of the debtor’s indebtedness and syndication of part of the debt exposure with Illimity Bank.

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