K&L Gates > Milan, Italy > Firm Profile

K&L Gates
PASSAGGIO CENTRALE 7
20123 MILAN
Italy

Italy > Investment funds Tier 2

The Milan asset management and investment funds team at K&L Gates handles funds work for well-known alternative investment fund managers, sponsors and investors. Typical work includes the structuring and establishment of investment funds across a variety of industry sectors, including private equity, venture capital, private debt and loan origination, UTPs (unlikeliness to pay) and NPLs (non-performing loans), as well as real estate and social housing. The team also advises on the legal and regulatory framework of clients’ day-to-day activities. ‘Proactive at every negotiation stage‘, Giovanni Meschia leads the Milan team.

Practice head(s):

Testimonials

Competence, passion and teamwork.

The strength of the firm, as far as I’m concerned, is certainly Giovanni Meschia. Although our operation was not the simplest, he always supported us, understanding the situation not only from a legal point of view, but also from a business perspective.

Its expertise is exceptional.

Great flexibility and speed.

Giovanni Meschia is very punctual, and very good from a technological point of view and in terms of billing.

Giovanni Meschia (unlike people from other firms) is proactive at every negotiation stage, going beyond the simple role of a lawyer and acting as an additional member of our team, which has a huge impact on both the success of the operation and teamwork.

Key clients

Fondo Italiano d’Investimento SGR

European Investment Fund

DeA Capital Real Estate SGR

Anima Alternative SGR

United Ventures SGR

CDP Venture Capital SGR

Finanziaria Internazionale Investments SGR

Kyma Investment Partners SGR

Unigestion

Eidos Partners

Prana Ventures SICAF EuVECA

The Techshop SGR

Aquileia Capital Services

Bain Credit

Green Arrow Capital SGR

Kairos Partners SGR

Equita Capital SGR

Italian Hybrid Capital Partners SGR

Work highlights

  • Assisted The Techshop SGR with its incorporation and authorisation as an Italian licensed fund manager, and the launch of its first venture capital umbrella fund.
  • Assisted Finanziaria Internazionale Investments SGR with the structuring of Italian alternative investment fund Efesto (in partnership with Italfondiario), and its initial investment in a UTP portfolio of approximately €500m.
  • Assisted Anima Alternative SGR with the structuring and fundraising of Anima Alternative 1, the first alternative investment fund launched by the Anima Group.

Italy > Real estate and construction Tier 3

K&L Gates‘ practice is sought out both for inbound real estate investments and Italian clients’ expansion across Europe; its scope of work covers developments and construction work, fund formation, regulatory issues and transactions. Francesco Sanna focuses on real estate investments and developments, and engineering and construction matters within the energy and healthcare sectors; Vanessa Boato is administrative law and town planning head; and Anna Amprimo is an experienced counsel.

Practice head(s):

Testimonials

K&L is a state-of-the-art law firm with a great commitment to clients.

High levels of technical preparation, experience and in-depth knowledge of the market with a very practical approach. From partners to junior resources, they are all very prepared and attentive to the client, able to provide added value, and provide optimal assistance.

Optimally balances levels of protection and the risks that are inevitably bridged into the negotiations.

Professionalism, availability and preparation.

An extremely competent, professional and collaborative team with very high levels of flexibility.

Francesco Sanna is a professional with great real estate sector experience and in-depth knowledge of the underlying issues, but not only from purely legal point of views – this characteristic, combined with competence and commitment, allows him to support the client in the best possible way by advising with full knowledge of the facts, including the relevant technical issues, frequently resolving complex negotiation situations with difficult counterparties.

The human and professional relationship I have with Francesco Sanna is of a value that I have not found in partners from other law firms.

Francesco Sanna and associate Cecilia Dubla did a super job during the Covid period, always staying in touch and available when needed.

Key clients

Lendlease

Barings Real Estate Advisors Europe

Savills Investment Management SGR

Invesco Real Estate Management

Stonehill Group

Kryalos SGR (on behalf of Barings Real Estate Advisers Europe)

CBRE

Crea.Re Group

LaSalle Italia

Work highlights

  • Assisted CBRE with the acquisition of a logistics park in Turin that comprises three buildings.
  • Assisted Invesco Real Estate Management with the sale of a logistics park in Broni (PV) to Investitori SGR.
  • Assisted Stonehill Group with the financing and development of large student housing schemes in Turin and in Bologna.

Italy > Banking and finance: lender or arranger side Tier 4

K&L Gates' Milan team is regularly sought out for lending transactions carried out by Italian securitisation SPVs and advises private debt investment funds on direct lending deals. Key areas of expertise for 'extremely competent professionalFabrizio Dotti include transactional lending, while Paolo Rusconi is highly skilled in debt restructuring transactions.

Practice head(s):

Testimonials

The team is very helpful, quick in processing requests, focused on objectives and timing, flexible in schedules, and balanced in determining the price.

My judgement on the firm is undoubtedly very positive.

Fabrizio Dotti is an extremely competent professional, but also flexible with respect to the different needs required by the deal and the individual client. These are qualities that I have hardly ever found together… generally, I find one or the other.

Key clients

Finanziaria Internazionale Investments

UniCredit

Mount Street Mortgage Servicing

Work highlights

  • Assisted Mount Street Mortgage Servicing (as agent and servicer of the SPV) on the management of a long-term loan of approximately €400m, granted by international banks to a real estate investment fund.
  • Assisted FinInt Investments with the structuring of the Efesto Fund, created for the management and valorisation of unlikely-to-pay claims originated by Italian banks.

Italy > Industry focus: Energy Tier 4

K&L Gates‘ Italy team houses experts in conventional energy sector work, including notable gas, LNG and power industry expertise. Paolo Zamberletti has longstanding energy sector experience, including both transactional contentious work; and recently promoted partner Andrea Campana litigates energy and construction matters for renewable, oil and gas and nuclear clients.

Practice head(s):

Other key lawyers:

Testimonials

Customised legal solutions with great availability and timing.

I appreciated their competence and ability to think outside of the box, always bringing new points of view to the discussion.

They bring passion and dedication to the client’s cause.

The ability to offer innovative solutions in complex and new contexts.

The courage always to propose the most valid and stable solution for the medium/long term, even if it is not the simplest and most accommodating in the short term.

Paolo Zamberletti is appreciated for his competence and ability to provide original ideas (even when they are uncomfortable for the clients) that always look to achieving the best possible solution.

Paolo Zamberletti is a true team player, who combines his skills with the ability to team up, and with an approach that is never arrogant but always collaborative – it was a real pleasure from a human point of view to work with him, not something that I can always say about other professionals from other law firms!

Great availability and competence from Andrea Campana and his team.

Key clients

Cap Holding

European Bank for Reconstruction and Development

Gasway

Augusta Ratio

Vestina Gas & Luce

Utilità

Energy.com

Edison

Levigas

Voith Group

AcegasApsAmga

Work highlights

  • Assisted Gasway with a sanctioning proceeding brought by AGCM for the breach of the Consumer Code.
  • Advised CAP Holding on the change of the corporate purpose of Cap Holding.
  • Assisted Levigas with administrative sanction proceedings involving alleged energy billing irregularities.

Italy > Restructuring and insolvency Tier 4

K&L Gates shows 'technical preparation, availability and professionalism’ in the restructuring and insolvency sector. The team leverages the expertise of its lawyers from various departments and from the firm-wide international network to act in pre-bankruptcy and debt restructuring agreements, which belong to practice head Paolo Rusconi's key specialisms, among other matters. Fabrizio Dotti stands out.

Practice head(s):

Paolo Rusconi

Other key lawyers:

Testimonials

‘Dedication to the customer and technical preparation.’

‘Availability, professionalism.’

Key clients

Antonio Rettagliata S.r.l

Aquileia Capital Services

Edra Costruzioni Soc. Coop.

Pool of Banks: Banca Monte Dei Paschi di Siena S.p.A. (MPS), UBI, UniCredit, Prelios, Banco BPM, Banco Desio

UniCredit S.p.A.

Immobiliare Mita S.r.l

Work highlights

  • Assisted a pool of banks negotiating the terms and conditions of the restructuring, and started drafting the debt restructuring agreement involving Metalsigma Tunesi S.p.A. and Banca Monte Dei Paschi di Siena S.p.A. (MPS), UBI, UniCredit, Prelios, Banco BPM and Banco Desio.
  • Assisted Aquileia Capital Services in the acquisition from the AdMajora group of 90% of the shares of the S&PI Fund.
  • Assisting Eagle SPV S.r.l. in the restructuring agreement with La Kasa.

Italy > Banking and finance: Borrower side Tier 5

K&L Gates‘ banking and finance practice consistently advises on complex cross-border transactions, and it is able to leverage the assistance of the Milan office’s investment funds, corporate, M&A, real estate and tax groups. Fabrizio Dotti has over 25 years’ banking and finance sector experience, while Paolo Rusconi focuses on debt restructuring.

Practice head(s):

Other key lawyers:

Key clients

Stonehill Group

Barings Real Estate Advisors Europe

LaSalle Italia

Savills Investment Management SGR

Industrie Saleri Italo

Work highlights

  • Assisted Industrie Italo Saleri (as borrower) on term loan facilities granted by a pool of banks and supported by state-backed SACE guarantees, and a term loan facility granted by Banco BPM, UniCredit, BPER, Banca Popolare di Sondrio, Credito Lombardo Veneto, Banca Valsabbina and Banco Desio.
  • Assisted investment fund Value Add II Italy, which is managed by Savills Investment Management SGR, on the financing for the acquisition of a building area in Milan’s Viale Sarca.

Italy > Commercial, corporate and M&A Tier 5

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

Testimonials

‘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.

INXPECT S.p.A.

Rosantica

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.

Italy > Employment Tier 5

The labour and industrial relationships team at K&L Gates is particularly known for taking up employment law matters related to personnel management, both over crisis situations and in ordinary contexts. The offering portfolio also includes restructurings and reorganisations, redundancy plans and trade unions relationships. The practice is particularly strong in the technology, tourism, logistics and environment sectors. Roberto Podda is described as ‘a remarkable lawyer with an extensive network’.

Practice head(s):

Roberto Podda

Testimonials

‘K&L Gates Milano team is made of lawyers and well-organized paralegals capable of thinking outside the box and still give highly professional and constructive input. Flexible and structured, the team is an asset to any business looking for legal opinion on local issues with an eye to the global environment and market trends. Roberto Podda is a remarkable lawyer who focuses on the issue without missing the human aspects. He has an extensive network that he is able to activate in a number of occasions.’

‘The K&L Gates Team is very approachable, they understand clients problems/topics very fast and align immediately the necessary team of professionals to deal with it. During the process, they remain flexible and work closely with the client together on the topic. Roberto Podda is very reactive, respects times and deadlines and provides options during the process and guides the client through it. This combined work dedication with strong work ethics deserve the highest rating.’

‘Roberto Podda is always available, communicates well both in Italian and English, knows his field very well and always provides alternative options underlying the key pros and cons of each one.’

‘The team is very flexible and easily adapts to the needs of the group, meeting expectations. Furthermore, the team is made up of very competent and always up-to-date lawyers, who provide “quality products” at absolutely competitive fees.’

‘The Firm has the ability to understand and experience the business context, to understand its processes and to suggest the appropriate changes to bring the company to the expected result.’

‘Roberto Podda and his team are always present, where “present ” means not only available but also ready to answer any question and to suggest appropriate solutions, especially in case of litigation, judicial and / or extrajudicial.’

‘Incredibly reactive, excellent contact and follow-up. They are available at short notice and also able to put one in touch with additional external parties to support with specific issues.’

‘Roberto Podda is extremely responsive, diligent and creative in his ability to develop solutions to clients’ problems. He is a pleasure to work with.’

Key clients

Slim Fusina Rolling S.r.l.

Mangiarotti (an Italian Westinghouse company)

Sanda Vadò S.r.l.

StatPro Italy (a Confluence company)

Navico and C-Map Italy (Navico companies)

Voss Fluid

Slim Fusina Rolling

3D Systems Italia Srl

Hornschuch Italia Srl (a company belonging to Continental group company)

Red Hat Italia

Work highlights

  • Assisted Voss Fluid in the process of closing-down of a plant located in Lombardy.
  • Assisted Slim Fusina Rolling S.r.l. in non-adverse labor law advice. Continuous assistance in out-of-court employment matters.
  • Assisting Fiocchi Munizioni S.p.A. in non-adverse labour matters, including the drafting and implementation of corporate policy regarding smart working and home working.

Italy > Tax Tier 5

K&L Gates’ Italy tax practice leverages expertise from the firm’s other European and non-European offices, and the group is particularly experienced in providing transactions-related tax advice. Vittorio Salvadori di Wiesenhoff is an expert in the tax aspects of financial transactions, corporate reorganisations, M&A, and private equity and real estate deals.

Testimonials

Always offers punctual solutions, especially in tax law, and the costs are always in line with the market.

The professionals of the firm are all very prepared and proactive.

Vittorio Salvadori di Wiesenhoff is an expert in tax and fiscal law, and extremely helpful.

Vittorio Salvadori di Wiesenhoff is a very clear and commercial adviser, with strong regulatory and market knowledge to back up his tax expertise.

Key clients

Barings Real Estate Advisors Europe

DeA Capital Real Estate

UBS Asset Management

GWM Capital Advisors

Allianz Real Estate

Anima Alternative SGR

Crea.Re Group

Savills Investment Management SGR

Stonehill Group

Work highlights

  • Assisted CreaRe Group with the tax aspects of its co-investment (together with Zetland Capital) in Italian closed-end real estate fund Gran Torino.
  • Assisted Anima Alternative SGR with the establishment of an Italian closed-end reserved alternative investment fund that complies with the investment limitations and restrictions of the Italian individual savings plan tax regime.
  • Assisted Stonehill with the tax side to the development of purpose-built student accommodation in Bologna.

Italy > Dispute resolution

At K&L Gates, Stefano Bardella and Andrea Campana have a highly international practice focused on complex disputes before courts and arbitration panels with an emphasis on corporate, commercial and bankruptcy matters.

The Firm: Located in Milan, close to the famous Duomo, the Italian K&L Gates office opened in 2012 and is one of the eight offices in continental Europe. With a highly reputable and recognized multi-disciplinary team, K&L Gates covers all the main subjects of business law and is often involved in complex cross-border M&A and joint venture transactions, corporate reorganizations, turnarounds, and carve-out deals. With a solid background in transactional real estate, investment funds, banking, restructuring, and litigation matters, K&L Gates’ Milan office serves clients in a variety of industries, including manufacturing, technology, real estate, consumer, energy, financial services, healthcare, and transportation. The client roster includes leading Italian multinationals and corporations, private equity firms, SMEs, start-ups and scale-ups, investment banks, funds, and financial investors in a wide and diverse range of transactions.

 Main Areas of Practice:

Corporate M&A and Private Equity

The Corporate M&A team assists important local and multinational industrial groups, private equity and venture capital funds, entrepreneurs, and medium-sized enterprises in all stages of operation from structuring, due diligence, drafting, and negotiation of contractual documents and drafting of management remuneration and incentive schemes, all the way to the implementation of exit strategies through public or private sales transactions. Our team also assists listed and nonlisted companies and their respective members and directors on a wide range of corporate governance issues, including all issues related to capital transactions and corporate and commercial law matters.

Real Estate

Our Real Estate practice provides assistance in a broad spectrum of core, value added, and real estate development transactions to investors, both Italian and foreign, through the use of regulated parties, such as real estate funds and SICAF (Italian investment funds with a fixed capital) and for all asset classes. The Italian team has over 15 years of experience and offers assistance in all phases of investment and development, both in Italy and in cross-border operations, including acquisitions (asset and share deal) and portfolio transactions, development projects, real estate finance, leasing, town planning and environmental requirements, and tax aspects.

Asset Management and Investment Funds

Our lawyers work closely with clients throughout the entire lifecycle of relevant alternative investment funds, from the structuring and establishment phase, to the investment and divestment of assets, all the way up to the final liquidation, and covering regulatory and compliance requirements. We assist both domestic and international providers in the structuring and operation of private equity funds; private debt and loan origination; venture capital and real estate, in contractual and corporate form; and funds and parallel funds. We also assist with sponsor and institutional investor relationships, helping with the negotiation of financial and governance terms.

Corporate and Acquisition Finance

Our Milan office assists a wide variety of clients, including banks, asset managers and investment funds, corporate entities, advisors, agents and trustees, directors, and statutory auditors, both on the lender and borrower side. We help our clients during all structuring, negotiating, and closing phases of financing transactions– whether secured or unsecured; bilateral or syndicated; carried out with traditional instruments or by issuing securities; aimed at extraordinary initiatives or for general corporate purposes; with particular focus on acquisition finance, real estate finance and asset-based finance, corporate lending, refinancing, and turnaround financing. In addition, our team assists banks and investors with the sale of receivables, whether related to portfolios or single-name securities.

Energy

Our team consists of professionals with broad and proven experience, having assisted companies operating in the energy sector since the early 2000s, both in traditional sectors – oil and gas, natural gas, and power – and renewable energy sectors, including generation of electricity through photovoltaic, wind, hydroelectric, and biomass plants. Our principal clients are banks and investment funds, both domestic and foreign, gas and electricity producers, wholesalers, traders, retail companies, and contractors. We provide assistance through an integrated and cross-sector approach in relation to extraordinary transactions, financing for the construction of new plants and infrastructures, commercial contracts (supply, trading, and tolling), project contracts, regulatory aspects, civil and administrative litigation, and arbitration.

Restructuring and Insolvency

Our team’s experience in the financing field, combined with our knowledge in corporate and litigation matters, allows us to assist clients in all aspects of restructuring and insolvency processes, whether at the negotiation or crisis stage, or from the creditor or debtor side, including corporate restructuring, debt agreements concluded in or out of court, insolvency, evaluation of the risk of liability of directors and shareholders, and acquisition of assets from insolvency proceedings.

Litigation and Dispute Resolution

Litigation is one of the main practices in our Milan office. We have extensive experience assisting domestic and international clients in commercial, corporate, bankruptcy, and procurement disputes. We operate with a strategic approach aimed at supporting our clients in the management of any conflict situation, always taking into account their objectives and interests. We represent companies of all sizes in the manufacturing, energy, finance, real estate, logistics, and transport sectors, among others. Our team also has significant experience in both national and international arbitration proceedings, including those administered by the main arbitration boards (ICC, LCIA, VIAC, SIAC, and CAM).

Administrative Law

Our Italian team has acquired significant experience in the development of complex, multidisciplinary projects. The team assists its clients—Italian and foreign private companies, various funds, public authorities, and joint enterprises—in diverse transactions related to administrative, town planning, environmental, and procurement law. We represent our clients, both at the pre-litigation and litigation stage, in disputes before administrative and arbitration courts. We also assist our clients in all administrative aspects of regulated sectors, such as the energy industry

Labor, Employment, and Workplace Safety

Our Milan lawyers have deep experience in employment law and trade union relationships. We mainly assist the employer, whether in the interest of Italian subsidiaries of multinational groups or Italian companies belonging to industrial groups. In particular, the labor team is active in corporate restructuring and reorganization, trade union relationships, and litigation. We are highly skilled with due diligence activities, including incentive plans and management by objectives, health and safety in the workplace, individual and collective dismissals, collective agreements at the company level, employment and self-employment contracts, noncompete and stability agreements,

agency agreements, expatriates, privacy and data protection, codes of conduct and company policies, and M&A related activities.

Tax Law

Our Tax Law team offers a wide range of tax-related services, with a particular focus on financial institutions and structured finance, real estate, structuring of private equity, and M&As. Our professionals assist domestic and foreign operators and investors with all tax aspects of real estate transactions, from acquisition to disposal. Our Milan team is also very active in the structuring of complex M&As, both domestic and cross-border, for strategic investors and private equity funds. We also provide assistance in the areas of securitization, nonperforming loans transactions, financing, debt restructuring, and project finance. Other areas of experience include taxation of stocks, bonds, and complex financial instruments. Our professionals regularly assist clients in tax audits and assessments. Therefore, we have extensive experience in out-of-court settlements of tax disputes and tax litigation.

Intellectual Property

Our Intellectual Property team provides legal assistance to local and international clients on industrial law and copyright matters, as well as matters related to information technology. In particular, we have gained experience assisting with the protection and transfer of intellectual property rights, including trademarks, domain names, designs, patents, trade secrets, know-how, publicity rights, and software. Our professionals also deal with issues of unfair competition, advertising law, e-commerce, consumer protection, and personal data protection. We assist clients by drafting and negotiating transfer, licensing, distribution, advertising, sponsorship, and technology transfer agreements.

Antitrust, Competition, and Trade Regulation

The Antitrust, Competition, and Trade Regulation practice is present in Asia, Australia, Europe, the Middle East, and the United States. As a team of global lawyers, we handle complex antitrust and competition issues around the world. Our practice is fully integrated, and we work daily on various cross-border matters. We have successfully represented our clients in the context of complex global mergers, antitrust investigations for alleged abuse of dominant position and anti-competitive practices (cartels), sector-specific inquiries, and state aid matters. We have deep bench experience in the fields of luxury and fashion, e-commerce, and pharmaceuticals. We work with clients in regulated and fast-growing emerging sectors, such as energy, software, transport, and intellectual property protection. Our services include concentrations, third party interventions in the context of concentrations, antitrust compliance, cartels, abuse of dominant positions, sector-specific antitrust investigations, and state aid.

Defence, Security, and Cybersecurity

Due to its deep knowledge of this industry, K&L Gates professionals assist companies or other public entities dealing or involved in the industry of defence, national security, and cybersecurity. We provide support in the following main areas of practice: corporate and M&A activities, including support to authorizations and approvals required in the contest of extraordinary transactions (e.g., golden power regime, notifications of approvals for classified activities); commercial matters involving all traditional contractual arrangements of these entities active in this industry; and/or public procurement when dealing with Ministry of Defence or other critical infrastructures or other national security entities; and export control regimes and other regulatory matters associated to supply, commercialization or distribution of classified products or services. With regard to cybersecurity, our lawyers provide support in all the regulatory matters of prevention, responding and resilience associated to dealing with national critical infrastructures and networks; as well as in several unregulated and not qualified contests of private entities in strengthening their own level of security and cybersecurity.

Milan Managing Partner: Giampaolo Salsi

Offices

Europe: Berlin, Brussels, Dublin, Frankfurt, London, Luxembourg, Milan, Munich, Paris. Middle East: Doha, Dubai. United States: Austin, Boston, Charleston, Charlotte, Chicago, Dallas, Fort Worth, Harrisburg, Houston, Kansas City, Los Angeles, Miami, Nashville, New York, Newark, Orange County, Palo Alto, Pittsburgh, Portland, Raleigh, Research Triangle Park, San Francisco, Seattle, Washington, D.C., Wilmington. South America: Sao Paulo. Asia: Beijing, Hong Kong, Seoul, Shanghai, Singapore, Taipei, Tokyo. Australia: Brisbane, Melbourne, Perth, Sydney.