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CVC Capital Partners €3 billion acquisition of Recordati

29/6/2018
Acquisition finance, Private acquisition
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€ 3.03 billion

$ 3.526 billion

Announced

29/6/2018

Overview:

  • Private equity firm CVC Capital Partners has acquired a 51.8% stake in Recordati for €3 billion.
  • The Recordati family will receive €750 million in the form of a subordinated long-term debt securities.

Mihail Georgiev/Rajeeb Gurung - Data analyst/Researcher

Jurisdiction:

Italy

Deal types:

Acquisition finance
Private acquisition

Practice areas:

Banking
M&A

Governing law:

Italy

Industry sector:

Pharmaceuticals and life sciences

Firms:
Chiomenti

Party: Andrea Recordati (Shareholder)

Lawyers: Massimo Antonini, Michele Carpinelli (retired)

Clifford Chance

Party: Banca IMI (Mandated lead arranger)

Party: Credit Agricole (Mandated lead arranger)

Party: Credit Suisse (Mandated lead arranger)

Party: Deutsche Bank (Mandated lead arranger)

Party: Jefferies (Mandated lead arranger)

Party: Natixis (Mandated lead arranger)

Party: Societe Generale (Mandated lead arranger)

Party: UBI Banca (Mandated lead arranger)

Party: Unicredit (Mandated lead arranger)

Lawyer: Ferdinando Poscio

Facchini Rossi & Soci

Party: CVC Capital Partners (Acquirer)

Pedersoli Studio Legale

Party: FIMEI (Seller)

Lawyers: Andrea Gandini, Carlo Pedersoli, Consuelo Citterio, Csaba Davide Jákó, Diego Riva, Maura Magioncalda

PedersoliGattai

Party: CVC Capital Partners (Acquirer)

Lawyers: Bruno Gattai, Gerardo Gabrielli, Lorenzo Fabbrini, Marco Ventoruzzo, Maria Persichetti, Michele Ventura

White & Case

Party: CVC Capital Partners (Acquirer)

Lawyers: Alessandro Picchi, Alessandro Seganfreddo, Andrea Pretti, Ferigo Foscari, Leonardo Graffi, Michael Immordino, Nicolò Antonio Miglio

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