Iacopo Canino

Bank Lending

Clessidra SGR's financing for the acquisition of Cantina Zaccagnini, 2023
Iacopo advised the lenders in connection with the senior term and revolving credit facility entered into by Argea S.p.A., controlled by Italian private equity group Clessidra SGR S.p.A., to finance the acquisition of Cantina Zaccagnini, a historic winegrowing estate that produces and sells high-quality Italian wine worldwide.

Telemos' €100 million financing for the acquisition of Vittoria, 2023
Iacopo advised the lenders in connection with a €100 million senior secured term and revolving financing to finance, inter alia, the acquisition of Vittoria S.p.A., an Italian manufacturer of bicycle tires and wheels, by a vehicle controlled by Telemos General Partner Limited and refinancing the existing indebtedness thereof.

Stirling Square Capital Partners' €146 million financing for the acquisition of Tapì, 2023
Iacopo advised the lenders in connection with a €146 million senior term and revolving credit facilities agreement to finance the acquisition of Tapì S.p.A., company leader in the production of closures cap, and its subsidiaries by Stirling Square Capital Partners.

Acciaieria Arvedi's €850 million financing for the acquisition of Acciai Speciali Terni, 2022
Iacopo advised a pool of lenders in connection with a €850 million term, bridge-to-bond and revolving loan facility to Acciaieria Arvedi S.p.A. for the acquisition of Acciai Speciali Terni S.p.A., Thyssenkrupp Stainless GmbH and Thyssenkrupp Stainless Turkey Metal Sanayi ve Ticaret A.S from Thyssenkrupp.

Valentino's €450 million financing, 2022
Iacopo advised a pool of banks in connection with a €450 million term and revolving credit facilities granted to the Italian fashion company Valentino S.p.A.

Tod's' VTO €420 million VTO financing, 2022
Iacopo advised BNL-BNP Paribas Group, Crédit Agricole Corporate & Investment Bank and Deutsche Bank in connection with a €420 million financing to a vehicle controlled by the Della Valle family to fund the voluntary tender offer for all the ordinary shares of Tod's S.p.A. with the aim of delisting the company.

Industrie De Nora's US$100 million financing, 2022
Iacopo advised pool of banks in connection with a €200 million credit facility granted to Industrie De Nora and a US$100 million credit facility granted to De Nora Holdings US, for the purpose of refinancing existing indebtedness and supporting the working capital needs and general corporate purposes of the group.

Ambienta's financing for the acquisition of Calpeda, 2022
Iacopo advised the lenders in connection with a senior term and revolving credit facility entered into by Ambienta SGR to finance the acquisition of Calpeda S.p.A., a global manufacturer of pumps, motors and systems for the integrated water cycle.

JP Morgan's €1.7 billion financing of ASTM's VTO, 2021
Iacopo advised JP Morgan in connection with the financing of the voluntary tender offer for all the ordinary shares of ASTM S.p.A. for a total value of approximately €1.7 billion. The aim of the takeover bid is the delisting of ASTM S.p.A.

Borrower Finance

Bubbles BidCo's €495 million financing, 2023
Iacopo advised Bubbles BidCo S.p.A. and its subsidiaries in connection with a €495 million term and revolving financing intended to refinance part of the group's indebtedness. Bubbles BidCo S.p.A., through its group of companies holds a majority stake in Acqua & Sapone S.r.l., owner of the Acqua & Sapone brand, one of the largest beauty and hygiene chains in Italy.

Ali Group's US$4.5 billion financing, 2022
Iacopo advised Ali Group S.r.l. and Ali Group North America in connection with the agreements for the US$4.5 billion financing for the acquisition of Welbilt, Inc., a US public company. The financing is characterized by a complex structure and a combination of sources in USD and Euro. It includes a US$2.25 billion term Loan B financing, a US$1.25 billion Euro-equivalent term Loan A financing, a US$750 million asset sale bridge financing and a US$250 million revolving credit facility.

Angelini's €1 billion financing, 2022
Iacopo advised Angelini Pharma S.p.A. in connection with the €1 billion refinancing of its existing financial indebtedness, general corporate purposes, ordinary and extraordinary investments by Angelini Holding S.p.A. and its group.

Cobepa's €230 million financing for the acquisition of Salice, 2022
Iacopo advised Cobepa SA in connection with the €230 million financing granted by a pool of lenders for the acquisition of Salice S.p.A., a world leader in the field of opening systems, fittings for furniture and wardrobe accessories, and its Italian and foreign subsidiaries.

Recordati's €650 million financing for the acquisition of EUSA Pharma, 2021
Iacopo advised Recordati S.p.A., an international pharmaceutical group listed on the Italian Stock Exchange, as borrower, in connection with the €650 million financing for the acquisition of EUSA Pharma (UK) Ltd, a global specialty pharmaceutical company with headquarters in the United Kingdom, focused on rare and niche oncology diseases and controlled by funds managed by EW Healthcare Partners.

Open Fiber's €7 billion project financing, 2021
Iacopo advised Open Fiber S.p.A. in connection with its €7 billion financing. The new facility replaces the previous €4.145 billion project financing entered into in 2018 and increased in 2020. The pool of banks included Banco BPM, BNP Paribas, Cassa Depositi e Prestiti, Crédit Agricole, ING, Intesa Sanpaolo, Santander, Société Générale and UniCredit.

Enel's €10 billion sustainability linked revolving credit facility, 2021
Iacopo advised Enel S.p.A. and its subsidiary Enel Finance International N.V., in connection with its €10 billion sustainability linked revolving credit facility. This deal represents the largest sustainability linked financing globally.

Infrastrutture Wireless Italiane's €500 million sustainability linked financing, 2021
Iacopo advised Infrastrutture Wireless Italiane S.p.A. in connection with a €500 million sustainability linked term loan granted by Mediobanca S.p.A., as coordinating bank, Cassa Depositi e Prestiti S.p.A., Intesa Sanpaolo S.p.A. and UniCredit S.p.A.

BC Partners' €1.650 billion financings for the acquisition of a stake in SOFIMA, 2020
Iacopo advised Sofima Holding S.p.A., a newly established company controlling IMA S.p.A., and its subsidiaries in connection with multiple financings in the context of BC Partners's acquisition of Sofima and the subsequent mandatory tender offer on all the outstanding shares of IMA S.p.A. for a total amount of €1.650 billion.

Esselunga majority shareholders' €1.8 billion financing for the acquisition of a stake in Esselunga, 2020
Iacopo advised the controlling shareholders of Esselunga in connection with the €1.80 billion financing for the acquisition of a 30 percent share of Supermarkets Italiani from its minority shareholders. The transaction was financed by a combination of equity funding by the majority shareholders in cash of €100 million and €435 million deriving from the sale of 32.5 percent interest in the real estate company La Villata S.p.A. to a financial investor, and a senior debt facility of approximately €1.3 billion that includes a €550 million bridge component.

CVC's financing for the acquisition of Recordati, 2018
Iacopo advised certain companies, including Rossini Investimenti S.p.A., controlled by an investment consortium led by CVC Capital Partners and including PSP Investments and StepStone, in connection with a €1.485 billion senior secured bridge facilities agreement, a €225 million super senior revolving facilities agreement and a €615 million senior unsecured bridge facility agreement entered into in the context of the acquisition of Recordati S.p.A.

Private Credit & Direct Lending

MTWH Holding's financing for the acquisition of Metalstudio Group, 2023
Iacopo advised funds managed by BlackRock Investment Management (UK) Limited in connection with the financing of MTWH Holding S.p.A., a leading metal accessories manufacturer group for luxury fashion products, for the acquisition of the Metalstudio Group, a company based in Scandicci (Florence), specializing in metal finishing.

Biofarma's €200 million financing for the acquisition of US Pharma Lab, 2023
Iacopo advised the debt providers in connection with the financing for the acquisition of US Pharma Lab by Biofarma. The transaction was financed through the issuance of €200 million senior secured notes issued in euros and US dollars by Kepler S.p.A., Biofarma's parent company, and Biofarma Delawere LLC, its indirect subsidiary.

The Riverside Company's €97 million financing for the acquisition of BioDue, 2023
Iacopo advised funds managed by Blackrock Investment Management (UK) Limited in connection with the €97 million financing for the acquisition of BioDue S.p.A. by global investment firm The Riverside Company.

Statuto Group's financing for the acquisition of Le Ginestre Hotel, 2023
Iacopo advised Oaktree Capital Management, acting through its investment vehicles OCM Luxembourg ECS S.à r.l., in connection with a financing to the Statuto Group for the acquisition and revamping of Le Ginestre Hotel in Porto Cervo.

Stirling Square Capital Partners' €35 million PIK financing for the acquisition of Tapì, 2023
Iacopo advised Tikehau Investment Management SAS in connection with the €35 million PIK financing for the acquisition of Tapì S.p.A., company leader in the production of closures cap, by Stirling Square Capital Partners.

Italcer's financing for the acquisition of Ceramica Fondovalle, 2022
Iacopo advised funds controlled by Pemberton, as underwriters, in connection with the issuance of senior secured floating rate tap notes due 2024 issued by Italcer S.p.A., a company that operates in the ceramics sector, to partly finance the acquisition of Ceramica Fondovalle S.p.A., an Italian company which produces and sells ceramics.

Deutsche Beteiligungs' financing for the acquisition of MTW Holding, 2022
Iacopo advised funds managed by BlackRock Investment Management (UK) Limited in connection with the financing for the acquisition of MTW Holding S.p.A., a leading metal accessories manufacturer group for luxury fashion products, through the issuance by Metalworks Bidco S.p.A. of senior secured floating rate notes, by Deutsche Beteiligungs AG, through its DBAG Fund VIII.

A&M Capital Europe's €100 million financing for the acquisition of Carton Pack, 2022
Iacopo advised Ares Management funds in connection with the subscription of €100 million senior guaranteed and secured floating rate notes issued by CP Bidco, a subsidiary of A&M Capital Europe, for the acquisition by A&M Capital Europe of the entire share capital of CPH, the holding company that directly controls Carton Pack.

Clessidra's financing for the acquisition of the Impresoft, 2022
Iacopo advised Clessidra SGR S.p.A. in connection with the issuance of senior secured notes financing for the acquisition of the Impresoft Group.

Ardian's €109 million financing for the acquisition of Assist Digital, 2022
Iacopo advised Tikehau Investment Management SAS in connection with the €109 million financing for the acquisition of Assist Digital S.p.A., a company developing digital CRM services, by Ardian France S.A.

Pedemontana's €450 million financing, 2022
Iacopo advised Global Infrastructure Partners in connection with a €450 million investment in senior secured notes of Superstrada Pedemontana Veneta a 96km greenfield toll road project in the final stages of construction in the Veneto Region of Italy.

Gyrus' €60 million financing for the acquisition of PricewaterhouseCoopers Public Sector, 2021
Iacopo advised Tikehau in connection with the structuring and underwriting of €60 million senior secured floating rate notes due 2028 issued by an indirect subsidiary of Gyrus for the purpose of acquisition of PricewaterhouseCoopers Public Sector S.r.l. and refinancing the existing indebtedness thereof.

Whysol Renewables' €30 million financing, 2019
Iacopo advised affiliates of Brookfield Asset Management in connection with the structuring and underwriting of €30 million senior secured fixed rate notes due 2027 issued by Whysol Renewables Holding 1 S.p.A. The proceeds of the notes will be applied directly or indirectly towards general corporate purposes of the group to which Whysol Renewables Holding 1 S.p.A. belongs.

GSO's financing for Polynt and Reichhold's merger, 2017
Iacopo advised GSO entities in connection with the funding of a unitranche financing to support the merger of Polynt S.p.A. with Reichhold Group, businesses owned by Investindustrial and Black Diamond respectively.

Stirling Square Capital's financing for the acquisition of Isoclima, 2017
Iacopo advised Pemberton and Crédit Agricole FriulAdria in connection with the financing for the acquisition of Isoclima S.p.A. by Stirling Square Capital Partners.

Capital Markets

Cedacri's €650 million high yield, 2021
Iacopo advised J.P. Morgan AG, as global coordinator and joint bookrunner, and Goldman Sachs International and UniCredit Bank AG, as joint bookrunners, in connection with the issuance of €650 million senior secured floating rate notes due 2028 by Cedacri Mergeco S.p.A. to finance its acquisition of Cedacri S.p.A.  The notes were offered and sold pursuant to Rule 144A and Regulation S under the US Securities Act and listed on the Irish Stock Exchange.

Kedrion's €150 million high yield, 2021
Iacopo advised Kedrion S.p.A. in connection with the issuance of its €410 million senior secured 3.375% notes. The proceeds are being used to refinance existing indebtedness and fund the partial repurchase by means of a cash tender offer of €150 million of its outstanding 3.000% notes due 2022. The notes have been offered and sold pursuant to Rule 144A and Regulation S under the US Securities Act and listed on the Irish Stock Exchange.

Sofima's €1,280 million high yield, 2020
Iacopo advised Sofima Holding S.p.A., a newly established company controlling IMA S.p.A., in connection with a €1,280 million high yield bond issuance of senior secured notes, issued in two tranches, in the context of the mandatory tender offer on all IMA S.p.A.'s outstanding shares. The notes have been offered and sold pursuant to Rule 144A and Regulation S under the US Securities Act and listed on the Luxembourg Stock Exchange.

Società di Progetto Brebemi's €1.679 billion project bond financing, 2019
Iacopo advised Società di Progetto Brebemi S.p.A. in connection with its €1.679 billion project bond financing. The transaction consists in a four tranched €1.679 bond issuance and approximately €307 million in credit facilities. The tranches of notes have been offered and sold pursuant to Regulation S and Rule 144A under the US Securities Act and listed on the Official List of Euronext Dublin.

IGT's €500 million high yield, 2019
Iacopo advised International Game Technology PLC in connection with its issuance of €500 million 2.375% senior secured notes due 2028. The notes have been offered and sold pursuant to Rule 144A and Regulation S under the US Securities Act and listed on the Official List of Euronext Dublin.

Diocle's €470 million high yield, 2019
Iacopo advised BNP Paribas and UniCredit Bank, as joint global coordinators and bookrunners, and Crédit Agricole CIB, as joint bookrunner, in connection with the issuance of €470 million floating rate senior secured notes due 2026 by Diocle S.p.A. to finance its acquisition of DOC Generici. The notes have been offered and sold pursuant to Rule 144A and Regulation S under the Securities Act and listed on the Luxembourg Stock Exchange and on the Italian Stock Exchange.

CVC's €1.3 billion high yield, 2018
Iacopo advised CVC Capital Partners in connection with a €1.3 billion high yield bond issuance related to the proposed acquisition of FIMEI S.p.A., which owns approximately 51.8% of Recordati S.p.A.'s outstanding share capital. The notes have been offered and sold pursuant to Rule 144A and Regulation S under the US Securities Act and listed on the Luxembourg Stock Exchange.

Gamenet's €225 million high yield, 2018
Iacopo advised Gamenet Group S.p.A. in connection with the issuance of its €225 million high yield senior secured guaranteed floating rate notes due 2023. The notes have been offered and sold pursuant to Rule 144A and Regulation S under the US Securities Act and listed on the Luxembourg Stock Exchange.

Pedemontana's €1.57 billion project bond, 2017
Iacopo advised JP Morgan, as global coordinator, together with Banca IMI, Santander, Banca Akros and Kommunalkredit, in connection with a project bond financing for the construction of the Superstrada Pedemontana Veneta toll road. The issuance consists of (i) €1.221 billion variable rate senior secured amortizing notes and (ii) €350 million step-up subordinated secured notes. The notes have been offered and sold pursuant to Regulation S and Rule 144A under the US Securities Act and listed on the regulated market of the Irish Stock Exchange.

C.M.C.'s €325 million high yield, 2017
Iacopo advised BNP Paribas, UniCredit Bank AG, Banca Akros S.p.A. – Gruppo Banco BPM, Banca IMI and MPS Capital Services, as initial purchasers, in connection with the issuance of €325 million 6% senior unsecured notes due 2023 by Cooperativa Muratori & Cementisti - C.M.C. di Ravenna Società Cooperativa. The notes have been offered and sold pursuant to Rule 144A and Regulation S under the US Securities Act and listed on the Official List of the Luxembourg Stock Exchange.

Wind Tre's €7.3 billion high yield, 2017
Iacopo advised Wind Tre S.p.A. in connection with its issuance of €7.3 billion senior secured notes, in a combination of euro-denominated fixed and floating rate notes and dollar-denominated fixed rate notes. The notes have been offered and sold pursuant to Rule 144A and Regulation S under the US Securities Act.

HP Pelzer's €350 million high yield, 2017
Iacopo advised HP Pelzer Holding GmbH – Adler Pelzer Group in connection with its issuance of €350 million 4.125% senior secured notes due 2024. The notes have been offered and sold pursuant to Rule 144A and Regulation S under the US Securities Act.

Corporate and M&A

Peninsula Capital's acquisition of MC2 Saint Barth, 2022
Iacopo advised Independent UK investment firm Peninsula Capital in connection with its acquisition of a 40 percent stake in MC2 Saint Barth, a leading Italian holidaywear brand. In the context of the transaction, Peninsula Capital acquired minority stakes in St. Barth S.r.l., the company operating the entire production chain, and in Lanikai S.r.l., the company holding the branch related to retail stores.

Peninsula Capital's acquisition of Isem, 2022
Iacopo advised Independent UK investment firm Peninsula Capital in connection with its acquisition of Isem S.r.l., a leading European company in the luxury packaging sector and one of the few to offer an integrated logistics service that counts among its customers world-leading groups such as L'Oreal, KIKO, Shiseido and Coty.

Accelero Capital's sale of SUPERNAP, 2021
Iacopo advised Accelero Capital in connection with the sale of 100 percent of the share capital of ACDC Holdings, the controlling shareholder of SUPERNAP Italia, to IPI Partners, LLC.

Progressio's acquisition of Polenghi Food stake, 2019
Iacopo advised Progressio SGR S.p.A. in connection with the acquisition from Polenghi Group S.p.A. of a minority shareholding in Polenghi Food S.p.A. In addition, he also assisted in the structuring of the corporate governance arrangements relating to Polenghi Food S.p.A.

DentalPro's acquisition of Doctor Dentist, 2018
Iacopo advised on DentalPro, controlled by the private equity fund BC Partners, in connection with the acquisition of the dental clinics group Doctor Dentist from its founding shareholders.

Arval's €2.4 billion acquisition of GE Capital's European fleet management activity, 2015
Iacopo advised Arval in connection with the approximately €2.4 billion acquisition of GE Capital's European fleet management . The scope of the acquisition covers more than 160,000 vehicles in 12 European countries and is part of a global transaction.

Debt Restructuring

Irgen Group's restructuring
Iacopo advised Irgen Group in connection with the restructuring and refinancing of its financial indebtedness. 

Kiko's debt reorganization, 2018
Iacopo advised Kiko S.p.A. on the amendment of debt facilities and a euro private placement made in relation to the acquisition of a minority interest in Kiko's share capital by Peninsula Capital. In December 2014 we also adivised Kiko on the amendments to (i) the agreements underlying its €152 million facilities agreement with lenders UniCredit, Banca Nazionale del Lavoro, Banca Popolare di Milano, Société Générale, BBVA and UBI Banca, and (ii) the agreements with noteholders of its €100 million bond also issued in December 2014.

HIIT – Holding Italiana Investimenti Tecnologici's restructuring, 2016
Iacopo advised HIIT – Holding Italiana Investimenti Tecnologici S.p.A. in connection with the restructuring of the financial indebtedness of its subsidiary Sirti S.p.A.