Italy

IFLR1000 Reviews

Financial and corporate
Giovannelli e Associati

Established in 2013 as a spin-off from Ashurst, Giovannelli e Associati is an independent firm based in Milan. It employs 48 lawyers, including 16 partners.  

  

Focusses / specialisms  

The firm focuses on borrower-side banking transactions and works with private equity clients in their M&A mandates.  

  

Key clients  

Notable clients for the firm include Ardian, Culti Milano, KME Group, Alpha Test, Akno Business Parks, Campus, Car World, Nutkao Holding, Argos Wityu, Biofarma, Trafigura, White Bridge Investments, Investindustrial, Italmatch Chemicals Group and 360 Capital Partners.

 

Deal highlights: 33rd edition (2023/2024)

Ardian €1.3 billion reinvestment

Genenta Science €36 million IPO

Intek Group €107 million exchange offers on ordinary shares

Space Capital Club acquisition of a 40% stake in Bruno Generators by Space Capital

 

Client feedback: 33rd edition (2023/2024)

M&A

“Very component team, they are always available.”

“Good commercial skills, good risk view.”

“They are pragmatic and on top of being very smart from a legal standpoint they can be very commercial during negotiations. in addition, they are always available to answer our questions and issues.”

“High-standing professionals, excellent quality and responsiveness.”

“G&A are very competent, and the M&A team is highly skilled to work both buy side and sell side.”

“Extremely professional, committed, always providing high quality work.”

 

Marco Amoruso

“Competent and professional. Punctual management of the mandates conferred with more than adequate mediation skills between the interested parties.”

Green Horse Legal Advisory

The Italian boutique law firm Green Horse Legal Advisory is based in Rome and is dedicated to the energy and sustainable infrastructure projects. It employs 20 lawyers, including five partners. 

 

Focusses / specialisms 

Green Horse Legal Advisory is recognized for its dedication to the energy transition, in particular renewable energies and sustainable infrastructures, following a multidisciplinary and vertical approach.  

Representing a broad mix of clients, the firm has established a strong reputation for advice provided to energy suppliers, service companies, investors and lenders. The firm advises on significant infrastructure projects in Italy related to new renewable projects and new established policies. 

Key clients 

Key recent clients include E2E, Intesa Sanpaolo, UniCredit, Natixis, BPER Banca, ICCREA Banca, Banco Santander, Bayern LB, ING Bank, Obton SA, Chiron, Ludoil, Bluefield Undo, MEAG Munich, Infranity, Obton and Octopus. 

 

Research period review: 33rd edition (2023/2024) 

The firm was active in advising on a high volume of energy project development and project finance deals. The firm advises energy suppliers, service companies, investors and lenders in the energy sector. 

 

Deal highlights: 33rd edition (2023/2024) 

Obton $433 million project finance 

KGAL - KG Allgemeine Leasing & Co project development 

Bluefield Partners $23 million project finance 

McDermott Will & Emery

Entering into the Italian market in 2003, McDermott Will & Emery is an international law firm with more than 20 worldwide locations.   

  

Focusses / specialisms  

The banking and finance group is strongest advising lenders in transactions but is expanding its borrower-side work.   

The firm’s practice has a significant presence in the automotive sector, financial services including insurance, private equity, healthcare/life sciences, retail, real estate, TMT and engineering/industrial. 

  

Key clients  

Clients for the firm include Intesa Sanpaolo, UniCredit, Arsenale SGR, Banco BPM, Generali Real Estate, Principia SGR, Palamon Capital Partners and Es Vedra Capital Advisors LLP.

Studio Legale Cappelli RCCD

Studio Legale Cappelli RCCD is a boutique law firm founded in 2009. It has offices in Milan, Rome and London. 

 

Focusses / specialisms 

The firm has a highly experienced team in banking, capital markets equity, debt and structured finance and securitisation markets, M&A, project finance and restructuring and insolvency. 

The firm’s practice has a significant presence in investment services, collective asset management, anti-money laundering, fin-tech and payment services as well as in closed-ended funds, listed funds, open-ended funds, private equity funds, real estate funds, venture capital funds, direct lending funds, restructuring funds, turnaround funds and credit funds. 

 

Key clients 

Among the firm’s clients are Mediobanca, UniCredit, Mediocredito Centrale, Poste Italiane, Poste Vita, Assicurazioni Generali,Eurovita, Hines Italy, Cassa Depositi e Prestiti, Nextalia, Fondo Italiano d’InvestimentoSGR; Blue SGR; Illimity (Illimity Bank and IllimitySGR); Pillarstone. 

 

Client feedback: 32nd edition (2022/2023) 

 

M&A 

“Competent, quick in responding, broad knowledge, effective in negotiation with counterpart.” 

 

Restructuring 

“Excellent team with competent, thorough lawyers who would go the extra mile to make things happen and are very much focused on client needs.” 

A&O Shearman - Italy

Shearman & Sterling is an American firm with an international network that includes offices in 14 jurisdictions. The Italian branches of the firm are based in Milan and Rome and it employs 18 lawyers including four partners. 

 

Focusses / specialisms 

The firm is well known for its international work, particularly within its links to US based private equity funds, giving it an edge in cross border transactions. Structured finance is a particular strength for the firm.  

 

Key clients 

The firm worked with industry giants, like Viacom, as well as private equity groups and real estate investment groups like Blackstone, Oaktree Captial, Coima SGR and Kryalos SGR. 

 

Client feedback: 31st edition (2020/2021) 

Capital markets 

"Strong technical skills on bond, loan, IPO, derivatives as well as fairness of all the team members from associate to partner." 

 

Capital markets: Debt 

"Excellent technical skills and knowledge of debt capital markets and relevant financial regulations. Very good customer management and responsiveness to their needs." 

 

M&A 

"They proved to be professional, good connoisseurs of the subject and very helpful and flexible." 

ADVANT Nctm

Established in 2000, NCTM Studio Legale is an Italian firm that has spread globally. In addition to offices in Milan and Rome, it has branches in in London, Brussels and Shanghai. Globally, 250 professionals work for the firm, including 72 partners. 

 

Focusses / specialisms 

The firm is active across banking, capital markets, M&A, projects and restructuring and insolvency, with expertise in advising SME clients on equity capital markets work. 

In banking the firm is recently experienced in NPL sales, cross border financing and bank restructuring. 

In the capital markets practice area, the firm is notably experienced in equity work. It specialises in representing issuers on IPOs on AIM Italia, on average working on four to five IPOs on the exchange annually and topping annual volume tables for this type of work. It also advises on listings on the London Stock Exchange’s AIM market. 

The firm has a broad M&A practice, covering domestic and international deals in a range of sectors. 

The firm’s projects practice often acts on renewable energy projects, particularly wind farms. 

The firm also works on contentious and non-contentious restructurings, including cross-border work. 

 

Key clients 

The firm's clients include Italian and international banks such as BPER, UniCredit, Santander and HSBC, and it is a partner firm of IsFin. It also often advises private equity funds, including Chequers Capital. 

 

Client feedback: 31st edition (2020/2021) 

Bank lending: Lender side 

"Always available providing solutions." 

"Constantly available for any clarification and need. Time-oriented. Always providing solutions." 

"Full availability and ability in problem-solving in the transaction." 

"The firm is extremely professional and knowledgeable in the renewable energy finance sector. Quick and result-oriented." 

 

Bank lending: Sponsor side 

"Great ability to solve problems and legal preparation." 

 

Banking 

"Timely and punctual advice, results-oriented and client-oriented, high level of professionalism and flexibility." 

 

Investment funds 

"Broad spectrum of competencies - accurate, reliable and responsive - excellent relationship quality." 

 

M&A 

""-Proactive support -24H full support -Strong Knowledge of M&A legal topics" 

"Excellent support in all areas." 

"I think of NCTM as an entrepreneurial firm. They think and act together with their clients. The thing they are really good at is keeping the helicopter view, while zooming in where necessary." 

"Proactivity - very knowledgeable - availability." 

"Very responsive to our needs and capable of a positive interaction with the counterparts. Always proactive in overcoming negotiation's hurdles." 

 

Private equity 

"Competence. Creativity. Persistence in negotiations." 

 

Restructuring 

"Understand the underlying business, have the right sensitivity in prioritising issues and in taking charge of key relationships when needed." 

"Very serious and professional." 

Ashurst

Ashurst is a UK firm with an international network including offices in nearly 20 countries. The Italian branch of the firm was established in Milan in 2000, where it employs 18 lawyers including nine partners.  

  

Focusses / specialisms  

The firm has a strong focus on project financing and project development, particularly in the renewable energy sector.   

It has good lender-side expertise, particularly in refinancing project loans. It is quite active in acting for banks in financing private equity acquisitions.   

Its M&A team follows suit advising on deals primarily within the energy industry, though it also works on transactions in the real estate sector.  

Capital markets work sees the firm active in the issue of green bonds, projects bonds and securitisation. The team has advised on innovative hybrid transactions and is typically active in debt capital markets.   

The firm’s restructuring team assists lenders, debtors, investors and creditors in refinancing and insolvency negotiations. In particular, the team works on large restructuring administrations.   

 

Key clients 

Key clients of the firm include Kartesia, Barings, Pricoa, SIS Consortium, Banco BPM, Allianz GlobalInvestors GmbH, Macquarie and Irideos. 

 

Client feedback: 32nd edition (2022/2023) 

M&A 

“Ashurst followed the negotiation phase with the partner for the applicable acquisition, maximising the companies minority rights over the majority shareholder.” 

 

Project finance 

“Extremely detailed knowledge coupled with excellent commercial awareness allowing them to provide solutions to all problems. Tough during negotiations but know when to give way in order to reach a compromise acceptable by all parties.” 

Bird & Bird

Bird & Bird is a leading British firm with an international network that includes offices in 20 jurisdictions. The firm established Italian branches, opening a Milan office in 2003 and a Rome office in 2005, where it employs more than 90 lawyers, including 20 partners.  

  

Focusses / specialisms  

The firm has a focus on food and beverages, IT and energy sectors. It works across all areas of financial and corporate law but is particularly active in M&A.  

The capital markets offering at the firm is active in debt and equity capital markets work. The debt work sees it advising issuers, banks and financial institutions.    

Restructuring and insolvency work for the firm includes advice to creditors and debtors, lenders and trade creditors. It has expertise in corporate restructuring and rescues.    

 

Key clients 

Key clients of the firm include Athesia Group, Spafid, Invesco, Youngtimers, Deutsche Bank, LBO France, Eiffel Investment Group, Crocs, Satispay, Sidigas.com, Fumakilla Limited, Doctolib, Miyagi, Heska Corporation, Alfrus, Italgen, PPG Industries, STE Global Holdings, LumIT, C Consulting and Belenenergia. 

Caiazzo Donnini Pappalardo & Associati

Established in 2011, Caiazzo Donnini Pappalardo & Associati is a full-service firm, with offices in Rome and Milan. It employs 22 lawyers, including six partners, and is part of the Legal Community legal network. 

 

Focusses / specialisms 

The banking and finance team has a strong project finance team, assisting on cross-border financings and syndicated facilities. The firm primarily works on the lender side for banks and financial institutions.  

 

Key clients 

The firm worked with banks like European Investment Bank and Western Union. It also advised Hitachi Rail, Gamenet Group and Orizzonte Solare. 

Chiomenti

Established in 1948, Chiomenti is an Italian firm with an international network that includes offices in five jurisdictions. It has offices in both Rome and Milan, employing well over 300 lawyers.  

  

Focusses / specialisms  

Chiomenti is one of Italy’s strongest firms, with expertise across all areas covered by the rankings. It is well equipped to handle any transaction in financial and corporate law.  

The banking and finance practice is one of the strongest in the jurisdiction, regularly assisting on market-first transactions. In project finance, the team has a focus in the infrastructure sector, advising on novel projects in healthcare and transportation work, as well as energy projects.   

The debt capital markets practice has a very strong structured finance team, with a dedicated team working in finance and regulated entities. The team has structured many covered bond programmes and innovative hybrid bonds. The equity capital market team advises clients on IPOs, secondary offerings and regulatory issues.   

The M&A department focuses on a wide range of matters for clients in many industries, including aerospace, chemicals, healthcare, pharmaceuticals, TMT and construction.   

The project development team has focuses on infrastructure, energy and transportation infrastructure.   

The restructuring and insolvency offering from the firm has a great reputation and often advises clients involved in cross-border and multi-jurisdictional proceedings.   

 

Key clients  

Key clients of the firm include Ansaldo Energia, BC Partners, Casavo, CDP Reti, Coima RES, Società di Investimento ImmobiliareQuotata, Coima, De Fonseca, Deutsche Bank, EI Towers, Eurocommercial Properties Italia, Fincantieri, Hines Italia, IGD SiiQ, Investindustrial, Lio Capital, Kervis, KPS Capital Partners, Nexion,Pusterla 1880, Saipem, Savills Investment Management, Sipcam Oxon, SIT,UnicoopTirreno, UnipolSai Assicurazioni, Università Cattolica del Sacro Cuore, Banco BPM, BNP Paribas, Cassa Depositie Prestiti, Credit Agricole, Intesa Sanpaolo, J.P. Morgan, UniCredit, Illimity Bank, Banca Popolare di Sondrio, Soc.Coop.p.A., Banca Ifis, Polynt-Reichhold and Cedacri Mergeco. 

 

Client feedback: 32nd edition (2022/2023) 

 

Financial services 

Top-tier client service, including speed of response, deep market knowledge and a sophisticated approach to the delivery of advice which can be acted upon. They are also all charming to deal with.” 

 

Project development 

Chiomenti is able to provide high-profile support in all areas of law involved in structuring a PPP transaction (financial law, administrative law, corporate law). Chiomenti also has unique expertise in public accounting and Eurostat regulations.” 

Clifford Chance

Clifford Chance is a UK “Magic Circle” firm, with offices in 23 jurisdictions. It entered the Italian market in 1993 with an office in Rome, quickly expanding to open an office in Milan in 1994. Over its two Italian establishments it employs more than 80 lawyers, including 18 partners.  

  

Focusses / specialisms  

The firm has notable strengths across all areas of financial and corporate law, with particular expertise in financing transactions.  

The capital markets practice is highly regarded, with strong work in structured finance and innovative equity capital markets work. It advises on innovative green bond issues, as well as complex multi-tranche offerings.   

The M&A team can leverage its large global network, providing local counsel on large multi-jurisdictional deals as well as market-leading national transactions.   

The restructuring and insolvency department advises on complex, multi-jurisdictional transactions, including restructuring and insolvency proceedings. 

 

Key clients  

Key clients of the firm include Blackstone, Intesa/EIF - Synthetic Securitisation, European Investment Fund, BNP Paribas, Crédit AgricoleCIB, ISP, Santander, Societé Générale, UniCredit Bank, Goldman Sachs International, J.P. Morgan, Mediobanca - Banca di Credito Finanziario, UniCredit Corporate & Investment Banking, Equita SIM, Intesa Sanpaolo, IMI Corporate & Investment Banking, Morgan Stanley & Co. International, Mediobanca - Banca di Credito Finanziario, PolyPeptide Group, Synlab, ABN AMRO Bank, Coöperatieve Rabobank, BNP Paribas, Maire Tecnimont and CaixaBank. 

 

Client feedback: 32nd edition (2022/2023) 

M&A 

“Efficiency, professionality, correctness.” 

Dentons

Dentons entered Italy in 2015, opening an office in Milan that now has 74 lawyers including 26 partners. It subsequently added an office in Rome that has 27 lawyers, 12 of which are partners.   

As part of the largest firm in the world, the Italian teams form part of a network of offices spanning over 200 locations across more than 80 countries.  

  

Focusses / specialisms  

The firm’s Italian banking team covers all areas of financing and regulatory work and acts for domestic banks and foreign financial institutions on leveraged buyouts and acquisition financings.  

The firm's capital markets practice advises on debt and equity work. In debt it advises SMEs on bond issues on international stock exchanges. In the equity space it acts for issuers on share sales through private placements and listings on the AIM Italia.  

In M&A, the firm often advises mid-sized private equity firms and corporations on cross-border mandates.  

In the projects space, the firm has developed a strong energy practice, experienced in advising investors and energy companies on the development and financing of solar power plants and wind-farm projects.   

The firm's restructuring and insolvency practice acts for a mix of distressed companies and creditors on bankruptcy proceedings, advising on debt and corporate restructuring negotiations and recovery plans.    

  

Key clients  

The firm's clients include notable banks like UniCredit, Intesa Sanpaolo Group - Banca IMI, Banco BPM, Crédit Agricole, BPER Banca, Banca Nazionale del Lavoro, Banca Ifis; Illimity Bank, Snam, Cassa Depositie Prestitiand Merope Asset Management. 

 

Client feedback: 32nd edition (2022/2023) 

M&A 

Dentons' energy team stands out for the seamless combination of up-to-date energy regulation expertise, thorough understanding of the business and the market, a pragmatic and result-oriented approach and top client service. The team also assures with the personal qualities of its members, with whom it is fun to work. 

DWF

Multinational firm DWF has over 30 offices across 15 countries. In Italy, the firm has an office in Milan. The firm has maintained its office since November 2017. 

 

Focusses / specialisms 

The firm specializes in corporate and M&A matters. In M&A, the firm largely works on private equity acquisitions, acting on the private equity side. 

 

Key clients 

Key clients for the firm include VAM Investments Group, Fondo Italiano d’Investimento, Advanced Medical Imaging Development, Italmobiliare and Enfinity Global. 

 

Research period review: 31st edition (2020/2021) 

During the research period, the team worked mostly on M&A matters. Many of the acquisitions that the practice worked on private equity buyout, representing the private equity acquirer. 

In terms of lateral moves, M&A partner Giovanni Cucchiarato moved in house. 

 

Deal highlights: 31st edition (2020/2021) 

VAM Investments €50 million acquisition of Demenego 

Medis Medical Imaging Systems €40 million acquisition of Advanced Medical Imaging Development 

 

Client feedback: 31st edition (2020/2021) 

Investment funds 

Competence, flexible approach, proactivity in finding solutions.”  

 

M&A 

“Great attention to perform tailor made solutions to clients delivering the highest level of quality.” 

 

Project development 

“Responsive. Take responsibility. Provide insight feedback beyond mere legal analysis.” 

 

Luca Cuomo 

“Competence, problem solving.” 

Strong expertise in dealing with private equities. Great communication and interaction skills with the client. Highest quality level vs. Peers.” 

 

Michele Cicchetti 

“Best business partner.” 

 

FIVELEX Studio Legale

Founded in 2014, Fivelex Studio Legale e Tributario is an independent law firm with offices located in Milan.   

  

Focusses / specialisms  

The M&A team advises clients as lead counsel in local and cross-border transactions. The firm advises both buyers and sellers.   

  

Key clients  

Notable clients for the firm include A.C. Milan, Amber Group, Ambienta SGR, Asset Italia, Assicurazioni Generali Group, Banca Generali Group, Banco BPM, Bauer, Blue Skye Financial Partners, Cornèr Banca Group, Eataly and Elliott Advisors. 

 

Client feedback: 32nd edition (2022/2023) 

M&A 

Very solid team, with litigation and regulatory expertise.” 

Gitti and Partners

Gitti and Partners is an Italian law firm. 

 

Focusses / specialisms 

The firm has a particular focus on setting up private equity and venture capital funds and M&A deals.   

 

Key clients 

Key clients of the firm include AGSM, Red Circle Investments, Neva first, SunprimeGeneration, EQT, Orienta Partners, Fondo Agroalimentare Italiano Iand Fondo Cresci al Sud, CAPZA, Manuzzi and Indigo Capital. 

 

Client feedback: 32nd edition (2022/2023) 

M&A 

“Very professional and proactive attitude, helping the clients and the target company in all aspects of the deal in order to reach a positive outcome.” 

 

Private equity 

“Accurate legal due diligence.” 

Greenberg Traurig

Santa Maria Studio Legale Associato established an alliance in 2005 with the American firm Greenberg Traurig. The firm made the alliance official by establishing a merger between the two firms. The office, based in Milan, employs 50 lawyers including 14 partners.  

  

Focusses / specialisms  

The firm has a strong offering in banking and finance and M&A transactions, often advising on cross-border deals. It has capabilities in NPL transactions and securitisations.  

The debt capital markets offering of the firm advises both borrowers and lenders. It assists issuers and underwriters and advises on market first securitisations.   

The restructuring team works with distressed creditors, advises debtors and assists in complex restructuring matters.   

  

Key clients  

The firm advised clients such as Cerberus Capital Management, J-Invest, Link Financial, The Carlyle Group, Crif, Bain Capital, Solution Bank, Banca Monte deiPaschi, Sorec, Banco delle Tre Venezie, Gruppo Barletta, Affide, Realterm Logistics and Carval. 

Herbert Smith Freehills

Herbert Smith Freehills is an international firm formed out of a 2012 merger of firms Herbert Smith and Freehills. The Milan office opened in 2018 and the firm has offices in 26 locations globally.   

  

Focusses / specialisms  

The banking department has experience in acquisition finance, syndicated lending, loans and asset finance, with expertise in the energy and infrastructure sector and life sciences. 

Project finance work sees the firm lead on large energy transactions, PPP financing and renewable projects.   

  

Key clients  

Notable clients for the firm include JPMorgan Securities, IccreaBanca, BBC Roma, Achilles Vaccines, ING Geneva, Ceva Logistics, BPER Banca and Intesa Sanpaolo. 

iLS

iLS (London) is an Italian firm based in London and Milan. 

 

Focusses / specialisms 

The firm has a particular focus on capital markets structured finance and securitisation deals. 

 

Key clients 

Key clients of the firm include UniCredit, Iccrea Bank, Bayview Global Opportunities Fund, York Capital, Deutsche Bank AG, London branch and DBRS Ratings. 

Jenny Avvocati

Established in 1991, Jenny Avvocati is a full-service firm, based in Milan. It employs 11 lawyers, including four partners, and is part of the Cross Border Business Law and Multilaw legal networks.  

  

Focusses / specialisms  

The firm focuses primarily on M&A transactions, as well as corporate restructures. It has experience assisting international clients seeking Italian target companies.   

  

Key clients  

The firm worked with clients from a range of industries, such as the frozen food manufacture Nisa Foods, the medical devices company Protect Medical Holding, the fashion company Eccellenze Italiane and food producers IDAK Holding. 

 

Client feedback: 32nd edition (2022/2023) 

M&A 

“Fast, professional, pragmatic.” 

La Torre Morgese Cesàro Rio

Founded in 2009, La Torre Morgese Cesàro Rio (LMCR) is an independent Italian law firm with offices located in Milan and Genova.   

  

Focusses / specialisms  

The banking and finance team advises both borrowers and lenders in transactions, with experience in project finance, regulatory matters and financing LBOs.   

The M&A department assists buyers and sellers in cross-border transactions. The team assists private equity and strategic transactions.    

  

Key clients  

Clients for the firm include Royal Caribbean, The Cookware Company, Doppel Farmaceutici, Giochi Preziosi Group, United Petfood, Trilantic Europe, L Catterton, and Mandarin Capital Partners. 

Legance

Established in 2007, Legance is an independent Italian firm with offices in Milan, Rome, New York and London. Across its two Italian offices it employs more than 30 lawyers, including 16 partners.  

  

Focusses / specialisms  

The firm has a strong presence across all areas covered by the rankings, with a reputable financing practice. It has strengths in project financing and securitisation transactions.  

The banking practice advises both borrowers and lenders involved in corporate lending, leveraged finance, syndicated finance and cross-border financing.   

The debt capital markets team is well regarded, advising clients in structuring bond issues, securitisations and green bonds. Equity capital markets advises in IPOs, public listings and secondary offerings.  

M&A is a strong area for the firm, where it advises buyers and sellers in cross-border transactions, with particular strength in the automotive and financial sectors.   

The project department for the firm advises in project finance and project development. Project finance work sees the firm strong in infrastructure and energy financing. Project development stands out for its work in renewables and transportation infrastructure, assisting clients in bids for PPPs and PPAs.   

The restructuring and insolvency team is typically engaged in insolvency proceedings, company reorganisations, distressed debt restructuring and DIP financing.   

  

Key clients  

The firm worked with banks like Mediobanca Banca di Credito Finanziario, Natixis, UniCredit, Intesa Sanpaolo, Crédit Agricole and Banca IMI. It also worked with companies such as Soemina Energeia,Aeroporti di Roma and New Guards Group, as well as private equity clients like CVC and Charme Capital Partners. 

 

Client feedback: 32nd edition (2022/2023) 

M&A 

“All the members of the involved departments are extremely competent and talented; they provide a high level of assistance and always find the successful (and often innovative) solution to our issues.” 

 

Project finance 

“Availability of legal team and proactive attitude, legal expertise, problem-solving approach.” 

Lexia Avvocati

Lexia Avvocati has offices in Milan, Palermo, and Rome with more than 60 lawyers and specialists.

 

Focusses / specialisms

 

The firm is strongest in its corporate M&A and project areas where it also specializes in fintech-related regulatory sectors.

 

Key clients  

Key clients for the firm include Amundi Asset Management, Banxa, Bitget, Bitpanda, CarNext, Connecta, Deentra, Eidoo, Five Elements Labs, Folks Finance, GBSapri, Hero, Indebted, Jobchain, Krakatoa, LiteBit, Mondial Bony Service, Nexo, Qonto, Persia International Bank, Quoto, Shares, Signor Prestito, TAS, TPPay, Trading 212, Vivid Money, World Cup Apes, Xcoex, XConnect and YouHodler.

 

Research period review: 33rd edition (2023/2024)

During the research cycle, the firm was active in the capital markets, banking, M&A and Project development deals.

The capital market and corporate team were active advising private acquisitions, asset acquisitions, share capital increase and financing-related mandates acted for both the buy and sell side for clients across a variety of sectors including real estate, energy, automotive, technology, and telecommunication.

In the financial services sector, the firm was preoccupied with cryptocurrencies and cryptoassets trading, fintech-related regulatory mandates including cryptos, NFTs, and online payment platforms.

The project team assisted Foresight Group in their tenth financing operation by Foresight Group in Italy through the debt fund Italian Green Bond fund.

During the research period, the firm hired banking and finance senior associate Corrado Ghielmi from Cappelli RCCD, of counsel Roberto Ghio from Chiomenti.

 

Deal highlights: 33rd edition (2023/2024)

Bitpanda Pro Europe in the setting-up of a platform for cryptocurrencies and crypto assets

Board of Directors of Retelit €450 million share offer

GUM Consulting €20 million acquisition

Zefiro srl acquisition of four hydroelectric power plants in Piedmont Region

 

Client feedback: 32nd edition (2023/2024)

Financial services regulatory

“Lexia is always very competitive with their quotes, always available and on-point in their regulatory advice.”

“The law in the relevant area is complex, but Lexia has consistently provided practical advice which meets the client's needs, in good time, and in a way that represents good value for money., Angelo, Messore, Looks after his clients' interests extremely well.”

“Lexia is very knowledgeable in the fintech industry and is always on point with their analysis. They are super-responsive and open to proportionate and pragmatic strategies. The understanding of the workings of Italian authorities is another strength of the firm. Lexia provides good value for money.”

 

Angelo Messore

“Angelo Messore is an incredibly responsive and highly gifted lawyer. He is fully capable of understanding complex business models and gives pragmatic advice. He clearly has a lot of industry knowledge and can translate it into client added value.”

"Angelo is an extremely capable and insightful counsel, always on-point and solution-driven.”

Molinari Agostinelli

Established in 2017, Molinari Agostinelli is an independent firm based in Milan. It employs an expert team of partners and lawyers.   

  

Focusses / specialisms  

The firm is known for its restructuring and insolvency practice, where it advises creditors and debtors in corporate and debt restructuring across multiple jurisdictions.  

The banking and finance practice advises financial institutions, banks and companies in structured finance and acquisition finance  

The M&A department advises buyers and sellers and is active in strategic and private equity work.   

  

Key clients  

The firm advised clients such asImpresa Pizzarotti, Valvitalia, King Street Capital Management, Isoclima, Ambrosi, Europa Risorse, AIRE Hotel Florenz, Grupo Saviola, Burgo Group, UniCredit, Banco BPM, Intesa Sanpaolo, Deutsche Bank, BNP Paribas, Crédit Agricole, Cassa Depositi e Prestiti and Banca Monte deiPaschi di Siena. 

 

Client feedback: 32nd edition (2022/2023) 

Restructuring 

“Top team with a wide range of skills on the matter and great experience.” 

“They are very focused in taking care of the customer's needs, and attention in the drafting of contracts/agreements in general, and by explaining well to the customer all the legal implications of their decisions.” 

Nunziante Magrone

Nunziante Magrone Studio Legale Associato was established in 2003, born out of a merger of Magrone & Associati (established in 1980) and Nunziante (established in 1998). Since then the firm has established offices in Rome, Milan and Bologna and formed associations with firms in Istanbul and Tirana. Its Italian branches employ 78 lawyers, 13 of whom are founding partners.  

  

Focusses / specialisms  

The firm is experienced in advising creditors on debt restructuring and on cross-border M&A in general. Banking work typically is assisting banks and financial institutions in financing transactions. The team also helps borrowers.   

  

Key clients  

Key clients include Blanc & FischerFamilienholding, CDP Venture Capital SGR, Free to X, Gruppo Atlantia (Autostrade), Herbolea Biotech, Leaf Space, Magaldi Group, Mirka, Nexive Commerce, Nuroll, Performance in Lighting, Société Monégasque Internationale Portuaire, Sphere, Wipak Bordi, Wipak Oy. 

 

Client feedback: 32nd edition (2022/2023) 

Private equity 

“Fast, professionals and experts.” 

Orsingher Ortu Avvocati Associati

Established in 2007Orsingher Ortu is a full-service firm with offices in Milan and Rome. It employs over 60 lawyers.   

  

Focusses / specialisms  

The firm is skilled in public and private M&A in an array of sectors, including fashion, healthcare, electronics and IT. The firm advises both buyers and sellers and also advises international private equity firms.   

  

Key clients  

The firm advised UniCredit, MPS Capital Services, Intesa Sanpaolo, Stevanato Group, Blackstone, Black Diamond Capital Management, Gradiente SGR, UniCredit Factoring, Cirsa, Antares Vision, Giorgio Armani, Tamburi Investment Partners, Aeffe, Be Shaping the Future,UniGasket, Prelios SGR and Rigoni di Asiago. 

 

Client feedback: 32nd edition (2022/2023) 

M&A 

“Highly skilled professionals with a personal approach.” 

 

Capital markets 

“Always present and supportive, very accurate in studying documents and helpful in establishing tactics.” 

Portolano Cavallo

Established in 2001, Portolano Cavallo is a full-service firm with offices in Milan and Rome, and an international office in New York. It employs 51 lawyers, including 20 partners.

  

Focusses / specialisms  

The firm focuses on local and cross-border M&A work.  

Restructuring and insolvency is an active area for the firm, where it advises distressed companies in M&A transactions and advises debtors in bankruptcy proceedings. Work emphasises the food, fashion and technology sectors.   

Schiavello & Co

Schiavello & Co is a business and litigation law firm headquartered in Rome. In addition to its Rome office, the firm has a location in Milan.

 

Focusses / specialisms 

The firm specializes in corporate and financial law, known mostly for their work in banking and structured finance and securitization. It acts for investment funds and issuers in receivables purchases and securitization matters. 

 

Key clients 

Key clients for the firm include RiverRock European Capital Partners and Balbec Capital.

 

Research period review: 31st edition (2020/2021) 

Within the research period, the team worked largely on financial transactional matters, specifically structured finance and securitization matters. The team mostly worked with fund advisors on receivables purchases, but also worked on a trade receivables securitization. 

In terms of lateral moves, banking and capital markets partner Micol Mimun left the firm. 

 

Deal highlights: 31st edition (2020/2021) 

Balbec Capital €10 million acquisition of receivables from Agrebresciano 

 

Client feedback: 31st edition (2020/2021) 

Banking & finance 

Clear advice delivered at a reasonable price.” 

 

Capital markets: structured finance & securitization 

Very knowledgeable of the industry and the type of transaction we are working on. Very client focused and excellent value for money.” 

 

Guiseppe Schiavello 

Can-do attitude. Excellent English. Respectful of deadlines and budgets. Cost effective.” 

Very client focused. Excellent knowledge in the type of transaction we are working on. Responsive and able to draft documents in English.” 

 

Simmons & Simmons

Headquartered in London, Simmons & Simmons is an international law firm with offices across Europe, the Middle East and Asia. It has had an office in Luxembourg since 2015. 

 

Focusses / specialisms 

The firm has a highly experienced banking and real estate financing team, which has carved out a reputation for executing complex cross-border transactions within challenging timetables. The firm also boasts a highly specialised and experienced infrastructure team. The firm advises both lenders and borrowers and stands out for its strong relationships with top investment banks and private wealth arms of large corporations. 

In investment funds, the firm tends to focus on real estate, infrastructure, private equity and debt funds, notably on cross-border investments. The firm also has a standout funds finance practice. 

 

Key clients 

The firm worked with the Republic of San Marino on a bond issue, BTP Italia, BTP Futura, Citigroup Global Markets Holdings, Enel, Eni, Treasury Corporation of New South Wales, Piaggio & C., Citigroup and Goldman Sachs. 

Ughi & Nunziante

Established in 1969, Ughi e Nunziante Studio Legale is an independent law firm with offices in Milan and Rome. It has nearly 70 professionals on staff. 

  

Focusses / specialisms 

In terms of M&A work, the firm is characterised by its cross-border transactions, typically with mid-market companies. It is active in private equity M&A and strategic transactions. 

  

Key clients 

Among the firm’s clients are Texas Instruments, ENI, Apple, Perrigo, Rockhopper and D'Amico. 

 

Client feedback: 32nd edition (2022/2023) 

 

M&A 

“Very clear information about what to do, risks and opportunities, allowing quick decision.” 

“Fast, precise and professional.” 

Watson Farley & Williams

Watson Farley Williams is a British firm with an international network that includes offices in 13 jurisdictions. The Italian branch of the firm is based in Rome and Milan, where it employs an expert team of lawyers and partners.   

  

Focusses / specialisms  

The firm has a strong focus on shipping, shipping finance, energy and infrastructure. Its banking and finance and M&A practices follow this.  

Banking-wise, the firm is experienced in cross-border financing and syndicated loans, working with large financial institutions. Project finance deals are focused on energy and infrastructure, where the firm stands out for its renewables advice.    

M&A deals for the firm are centered in the energy sector and include advice in strategic and private equity transactions.   

The restructuring and insolvency practice assists clients in debt and corporate restructuring, serving debtors, creditors, lenders and distressed debtors.   

  

Key clients  

The firm advised Tayan Energy Investment, Fergas Solar, Castaldi Lighting, Nike Group, Predica Energies Durables, Principia, BEE Development, Smart Energies Transition, NAIAD 2012, Belex Holding and Vidiemme. 

 

Client feedback: 32nd edition (2022/2023) 

 

Project development 

“They have an overall vision and an exceptional understanding of the industry which enable them to handle every aspect of complex matters in the best way possible. They provide a full suite of legal services within the energy sectors. They have teams specialised in every energy sub-sector. They are extremely precise and with on-time delivery.” 

White & Case

White & Case is a leading American firm with an international network that includes offices in 31 jurisdictions. The Italian branch of the firm was established in 2011, based in Milan, and employs an expert team of lawyers and partners.   

  

Focusses / specialisms  

The firm has an impressive offering across financial and corporate law. It has a strong financing and capital markets practice, with lawyers qualified in both the UK and US, giving the firm the capability to handle financing and capital markets transactions across multiple jurisdictions. It has a notable M&A arm, which is active on cross-border deals, particularly in pharmaceuticals, with a presence in private equity transactions.  

  

Key clients  

The firm worked with regional and international banks like J.P. Morgan, Citibank, Deutsche Bank, BNP Paribas, Banco Santander and Bank of America Merrill Lynch. 

M&A
PedersoliGattai

Gattai Minoli Partners is an Italian law firm established in 2012, based in Milan and Roma. 

 

Focusses / specialisms 

The firm has a particular focus on project development, project finance and M&A deals.   

 

Key clients 

Key clients of the firm include Tages Capital SGR, Atlantica Sustainable Infrastructure, TO Delta, Siram, Acea Ambiente, International EPC Contractor, A2A Rinnovabili, Intesa Sanpaolo / Banco BPM / BPER Banca, Iccrea Banca, Banco BPM and IccreaBancaImpresa. 

 

Client feedback: 32nd edition (2022/2023) 

M&A 

“Very strong capabilities. Superior technical abilities. Can perform highly sophisticated work in record time.” 

“Excellent work, top negotiators, excellent industry knowledge.”