Firms To Watch: Capital markets: Equity

The equity capital markets team at Grimaldi Alliance acts for financial institutions, investors and companies on IPOs, regulated and multilateral trading facility market listings, and general regulatory matters; the group is particularly active in Euronext Growth Milan listings.
Experienced capital markets practitioners Ferigo Foscari and Piero de Mattia  joined Hogan Lovells International LLP in early 2025.
Lexia‘s Milan-based capital markets practice is co-led by Francesco Dagnino and recently promoted partner Andrea Massimo Maroni; Dagnino is particularly focused on the tech and fintech sectors, while Maroni regularly advises on IPOs, capital increases, share buybacks and tender offers.

Capital markets: Equity in Italy

Chiomenti

Mandated by issuers, financial advisers, placement and underwriting syndicates and guarantors, Chiomenti handles IPOs, rights issues, public offerings of equity securities, private placements and tender and exchange offers. The group is co-led by Italo De Santis, an expert in capital increases, IPOs and public takeover bids and exchange offerings, and capital markets specialist Marco Maugeri. Other experienced practitioners are Manfredi Vianini Tolomei, an adviser on public offerings and stock listings, and financial markets practitioner Federico AmorosoMaria Carmela Falcone and Matteo Costantino are also key figures.

Practice head(s):

Marco Maugeri; Italo De Santis


Other key lawyers:

Manfredi Vianini Tolomei; Federico Amoroso; Maria Carmela Falcone; Matteo Costantino


Testimonials

High levels of professionalism and competence.

Key clients

ENI


BPER Banca


Pirelli & C


Mediobanca – Banca di Credito Finanziario


Saipem


Unipol Gruppo


Vitol


SBE – Varvit


Ansaldo Energia


Carel Industries


Poste Vita


Teradyne


Openjobmetis


Greenthesis


Unidata


CY4GATE


Work highlights


  • Advising Unipol Gruppo on a transaction aimed at reorganising the shareholding structure of the Unipol Group.
  • Advising Planesys on the promotion of a mandatory tender offer aimed at delisting shares.

Clifford Chance

Clifford Chance covers the whole range of equity capital markets products. The practice’s expertise ranges from IPOs, privatisations and rights issues, to block trades and exchangeable and convertible bonds. Filippo Emanuele co-heads the global financial markets practice; Enrico Giordano has longstanding experience in capital markets transactions; and Stefano Parrocchetti Piantanida and Laura Scaglioni are both experts in capital increases, block trades and IPOs. The ‘pragmatic’ practice further includes dual-qualified Italy and England and Wales equity capital markets specialist, Jonathan Astbury.

Other key lawyers:

Filippo Emanuele; Enrico Giordano; Stefano Parrocchetti Piantanida; Laura Scaglioni; Jonathan Astbury


Testimonials

Very experienced and pragmatic team.

Stefano Parrocchetti is one of the most experienced ECM professionals in Italy.

Key clients

Carel


Italian Ministry of Economy and Finance


JP Morgan


Mediobanca


Intesa Sanpaolo


UniCredit Corporate & Investment Banking


Cassa Depositi e Prestiti


Banco BPM


Terna


ING Milan Branch


Banca IFIS


Barclays


Citigroup


BofA Securities


Crédit Agricole CIB


Natixis


Work highlights


  • Assisted a pool of banks, comprising Intesa Sanpaolo, Mediobanca, JP Morgan, BNP Paribas and Jefferies, with Fincantieri’s €500m capital increase.
  • Assisted Carel Industries with the international law aspects of a capital increase, in the form of a divisible rights issue for a maximum of €200m.
  • Assisted the Ministry of Economy and Finance with the Italian and US law aspects of the sale of 25% of the share capital of Banca Monte dei Paschi di Siena (through an accelerated book-building procedure).

Gatti Pavesi Bianchi Ludovici

Gatti Pavesi Bianchi Ludovici is regularly involved in significant Italian takeover bids, IPOs, listings and securities placements. Anton Carlo Frau is a renowned specialist in public offerings and IPOs; Rossella Pappagallo has longstanding experience in securities deals; and Stefano Valerio advises on capital markets matters alongside his M&A and corporate law practice. Barbara Napolitano assists with IPOs, secondary offers, public tenders and takeover bids, and Vanessa Sobrero is ‘one of the best capital markets lawyers around’. Other key figures are Federica Munno, Federico Cenzi Venezze, Carlotta Corba Colombo and Maximiliano Papini.

Practice head(s):

Stefano Valerio; Anton Carlo Frau; Rossella Pappagallo


Other key lawyers:

Barbara Napolitano; Vanessa Sobrero; Federica Munno; Federico Cenzi Venezze; Carlotta Corba Colombo; Maximiliano Papini


Testimonials

Great diversity and collaboration.

Very competent and organised firm.

Systemic approach and thorough analysis.

Vanessa Sobrero is an excellent professional with great experience and knowledge of the dynamics of listed and prospective companies. One of the best capital markets lawyers around.

Key clients

Assicurazioni Generali


Banco Desio e della Brianza


Edizione (Benetton Family)


ENI


Illimity


Intermonte Partners SIM


TIM


Industrial Stars of Italy 4


Revo Insurance


Digital Value


Work highlights


Linklaters Studio Legale Associato

Linklaters Studio Legale Associato‘s Milan team acts on numerous Euronext Milan IPOs. The practice is jointly led by the current Italian Stock Exchange chair, Claudia Parzani, who is a highly rated extraordinary deal specialist, and Ugo Orsini, an adviser to investment banks, financial institutions and corporations on significant equity and equity-linked transactions, as well as rights issues. The group also fields equity capital markets expert Francesco Eugenio Pasello, as well as Marta Fusco.

Practice head(s):

Claudia Parzani; Ugo Orsini


Other key lawyers:

Francesco Eugenio Pasello; Marta Fusco; Matteo Pozzi


Testimonials

Among the best ECM legal teams in Italy.

The team is very united and capable of delivering an enormous amount of work under tight deadlines.

Pragmatism and ability to provide solutions to issues.

This practice excels with its deep sector knowledge and personalised client approach.

Clients benefit from the team’s exceptional expertise, responsiveness, and strategic problem-solving.

Their collaborative approach ensures comprehensive and effective legal advice. This firm builds long-term client relationships based on trust and proactive anticipation of issues.

Ugo Orsini and Francesco Eugenio Pasello are the best ECM lawyers in Italy. Their knowledge and expertise are second to none. Clients feel more comfortable when they are part of a team.

Francesco Eugenio Pasello – ability to convince an IPO working group while putting his client’s interest first. His availability is exemplary and makes him a great person to work with.

Key clients

Artex


Barclays


BofA Securities


Deutsche Bank


Goldman Sachs International


JP Morgan


Equita SIM


Citigroup Global Markets Europe


Mediobanca Banca di Credito Finanziario


Neom


UniCredit Bank


Work highlights


  • Acting as international legal counsel to Fincantieri (as issuer) on the offering and listing on Euronext Milan of newly issued ordinary shares.
  • Advised BofA Securities Europe, Goldman Sachs Bank Europe and other joint global coordinators on the placing by Davide Campari-Milano of ordinary shares up to a maximum counter value of €650m.
  • Advised Mediobanca – Banca di Credito Finanziario and Goldman Sachs International (as underwriters) on Carel Industries’ share capital increase.

BonelliErede

BonelliErede houses experts in IPOs, capital increases, public tender offers and stake-building processes. Heading the group, the ‘excellentVittoria Giustiniani assists public and private companies with accessing capital markets through IPOs and capital increases. Providing key support, Silvia Romanelli‘s specialisms include takeover bids, share issuances and extraordinary transactions; while Gianfranco Veneziano is experienced in capital increases, IPOs, takeover bids and share issuances. Other names to note are Federico Vermicelli, whose wide-ranging practice encompasses equity capital markets, and Francesca Peruzzi, an adviser on public offerings, IPOs and capital increases.

Practice head(s):

Vittoria Giustiniani


Other key lawyers:

Silvia Romanelli; Gianfranco Veneziano; Federico Vermicelli; Francesca Peruzzi


Testimonials

Competence, results-oriented and adaptable.

Vittoria Giustiniani is an excellent professional.

Key clients

Alia Servizi Ambientali


Bialetti Holding


Brembo


Cassa Depositi e Prestiti


doValue


Edizione


Generalfinance


Kruso Kapital


L Catterton


Work highlights


  • Advised Crown BidCo (L Catterton) on a voluntary totalitarian tender offer (aimed at acquiring 36% of Tod’s Group), and obtained the delisting of Tod’s Group from Euronext Milan.
  • Advised Brembo on a cross-border conversion, resulting in both the adoption of the legal form of an NV (naamloze vennootschap) under Dutch law and the transfer of the registered office to Amsterdam.
  • Advised Kruso Kapital and Alantra Capital Markets Sociedad de Valores (Italian branch) (the latter as Euronext Growth Advisor, global coordinator and sole bookrunner) on the listing of Kruso Kapital’s ordinary shares on Euronext Growth Milan.

Gianni & Origoni

Gianni & Origoni acts for issuers, selling shareholders and underwriters on significant public offerings of equity securities, along with rights issues and listing procedures. The group also advises listed companies on compliance requirements as well as extraordinary corporate transactions, such as share capital increases and financial instrument-related offerings. Co-led by Paolo Bordi and Emanuele Grippo, the team includes Alessandro Merenda, who ‘always provides valuable advice’, and Antonio Segni, who handles capital markets work alongside his corporate finance and M&A practice. Other key figures are Mariasole Conticelli, Andrea Bazuro and Giacomo Bizzozero.

Practice head(s):

Paolo Bordi; Emanuele Grippo


Other key lawyers:

Alessandro Merenda; Antonio Segni; Mariasole Conticelli; Andrea Bazuro; Giacomo Bizzozero


Testimonials

Well-known team that is experienced, and with good knowledge of the local market and business practices.

Experienced professionals, who are very precise and helpful.’

Able to understand business needs and find solutions to meet them.

Competent team that is always focused on the deal and timing.

The team of Alessandro Merenda stands out for its high level of preparation.

Alessandro Merenda is a helpful and reliable partner. He always provides valuable advice and helps assess all the implications of business choices.

Alessandro Merenda – strong capabilities, competence and reliability.

The experience with capital markets specialist Andrea Bazuro is absolutely positive.

Key clients

Blackstone


BNP Paribas


CDP Equity


Citigroup Global Markets


Comal


Deutsche Bank


Equita SIM


European Investment Bank


Fidia


Goldman Sachs International


Italian Government (Ministry of Economy and Finance)


Intesa Sanpaolo


JP Morgan Securities


Make Your Credit


Mediobanca – Banca di Credito Finanziario


Morgan Stanley


Olidata


Poste Italiane


Safilo


Salcef Group


SYS-DAT Group


Tessellis


The Italian Sea Group


Technoprobe


Tinexta


Ferretti


TPG Sixth Street Partners


UniCredit


Zetland Capital Partners


Cassa Centrale Bank – Credito Cooperativo Italiano


Azimut Investments


Work highlights


  • Advised CDP Equity on undertakings by CDPE, in relation to the subscription of its pro rata stake of Fincantieri’s €500m share capital increase.
  • Acted for SYS-DAT on the listing of its ordinary shares on Euronext Milan (STAR Segment).

Latham & Watkins LLP

Assisting clients with both Italian and US law, Latham & Watkins LLP‘s Italian capital markets team in Milan is consistently sought out to advise on high-profile transactions, including headline IPOs. Antonio Coletti acts for private and public companies, as well as private equity funds, underwriters, placing agents and initial purchasers, on a wide range of securities transactions; Jeffrey Lawlis‘ broad expertise encompasses equity capital markets offerings; and capital markets specialist Ryan Benedict divides his time between Milan and London. The practice also features Paolo Bernasconi, Guido Bartolomei and Giorgio Ignazzi.

Practice head(s):

Antonio Coletti; Jeff Lawlis; Ryan Benedict; Paolo Bernasconi


Other key lawyers:

Guido Bartolomei; Giorgio Ignazzi


Testimonials

Highly-trusted capital markets team that really pulls out all the stops to provide the best service and advice. Technical and transactional experts.

An excellent team for capital markets. They have worked in capital markets for decades and have huge experience. Highly effective, efficient, capable and confidence-inspiring.

They ensure the best outcomes and provide the same level of service and excellence and rigour, whether acting for issuers or underwriters.

Leading firm, particularly in terms of its sponsor-side ECM track record.

Second-to-none knowledge of the Italian market’s ECM specifics. Commercial awareness and client focus. Very good technical skills.’

Reliable, competent professionals with strong track records. Availability, speedy execution and very competent.

The standout partners are Antonio Coletti and Ryan Benedict.

Antonio Coletti and Guido Bartolomei are exceptional lawyers.

Key clients

TIM


Eni


Athens International Airport


UniCredit


Lottomatica


Golden Goose


BNP Paribas


Morgan Stanley


Goldman Sachs


Deutsche Bank


William Blair


EuroGroup Laminations


KeyBanc Capital Markets


Bank of America Securities


IVS Partecipazioni


JP Morgan Chase


Work highlights


  • Advised BPM and JP Morgan on the capital markets aspects of the launch by Esseco Industrial of a competing voluntary tender offer for all the share capital of Ercros.
  • Advised Athens International Airport on the listing of its shares on the regulated market of the Athens Stock Exchange.
  • Advised Eni on the sale, through an accelerated bookbuilding, of ordinary shares of Saipem.

Legance - Avvocati Associati

The equity capital markets team at Legance - Avvocati Associati advises issuers, underwriters and investors on IPOs, right issues, listings, and offerings, including accelerated book buildings and private placements. The team also covers public tender offers and employee stock offerings. Giorgio Vanzanelli advises on IPOs, share capital increases, equity secondary offerings, convertible bonds issues, public tender offers, and corporate finance transactions; Marco Sagliocca‘s practice includes equity capital markets deals; and Alberta Figari is a specialist in takeovers, IPOs and rights issues. Also highly regarded is Stefano Bandini.

Practice head(s):

Giorgio Vanzanelli; Alberta Figari


Other key lawyers:

Marco Sagliocca; Stefano Bandini


Testimonials

The Legance team is really competent and able to match the legal interests with the commercial needs of a client.

The lawyers are always supportive and helpful. Clients can reach them at any time.

Very competent, precise and reactive.

Key clients

Amplifon


Banca Farmafactoring


BPER


BPM


Caleffi


CNHI


CTI BioPharma Corp


doValue


ENI (Euronext Milan)


Eurotech


Ferrari


Fincantieri – Cantieri Navali Italiani


Gabetti


JP Morgan


Kolinpharma


Landi Renzo


Mare Group


Snam


Tatatu


Tecma Solutions


Unipol Gruppo


Vantea Smart


Zignago Vetro


Work highlights


  • Advised UnipolSai Assicurazioni on its plan to reorganise the shareholding structure of the Unipol Group.
  • Advised Fincantieri’s board of directors on the resolution of the proposed capital increase for a maximum amount of €400m.
  • Advised Mare Engineering Group and Illimity Bank (as Euronext Growth Advisor and global coordinator) on the procedure for admission to trading of ordinary shares on Euronext Growth Milan.

PedersoliGattai

The result of a January 2024 merger between Pedersoli Studio Legale and Gattai, Minoli, Partners, PedersoliGattai advises on Italian IPOs, rights issues, accelerated bookbuilds, private placements, and tender offers. Marcello Magro has longstanding experience in IPOs; Carlo Montagna is an extraordinary finance transaction expert; Alessandro Capogrosso advises on IPOs, rights issues and private placements; and Nicola Brunettihas huge experience’. The practice further includes IPO deal specialist Francesca Leverone and Elisabetta Bellini, an adviser on equity capital markets transactions. Federico Tallia, Filippo Emanuele Sani and Riccardo Monge are also experienced practitioners.

Practice head(s):

Marcello Magro; Carlo Montagna


Other key lawyers:

Marta Sassella; Alessandro Capogrosso; Nicola Brunett; Francesca Leverone; Elisabetta Bellini; Federico Tallia; Filippo Emanuele Sani; Riccardo Monge


Testimonials

An excellent team that is highly skilled.

Client focused, very professional, experienced, focused, up to date, and always on time and respectful of clients and delivery times.

Proactive and supportive – a wonderful experience.

Great competence and flexibility.

They are very professional, well prepared, and they always have a prompt solution.

The team’s strengths are responsiveness and time efficiency. They work around the clock to meet challenging deadlines and provide prompt feedback. They also provide useful and creative solutions to complex issues.

Nicola Brunetti has huge experience in these kinds of transactions and he always finds solutions for complicated deals.

Nicola Brunetti is highly experienced and always available to support the client around the clock. He has great abilities and provides mutually satisfying solutions.

Key clients

Juventus FC


The Rivetti Family


Civitanavi System


The Della Valle Family


Tod’s


De’Longhi


Davide Campari-Milano


CVC


Prada


FSI SGR


Retex


Crédit Agricole


CNH Industrial


Ulisse Biomed


B.F.


BPER Banca


Lemon Sistemi


SABAF


Lagfin


EXOR


FDR 1


Bank of America


JPMorgan


ING Luxembourg


Eurocommercial Properties


Lavazza Group


ABC Company


TrenDevice


FHold


Quadrivio Group


Cassa di Risparmio di Asti


Work highlights


  • Advising the Della Valle Family on the voluntary tender offer over the shares of Tod’s by a vehicle owned by L Catterton, which aimed to acquire all the outstanding shares of Tod’s.
  • Advising Lavazza Group (acting through the vehicle E-Coffee Solutions) on the launch by a newly-incorporated company (Grey) of a cash voluntary tender offer over all the shares of IVS Group, which aimed at its delisting.
  • Advised Davide Campari-Milano on the private placement of new shares for approximately €650m through an accelerated bookbuilding offering.

White & Case (Europe) LLP

White & Case (Europe) LLP‘s capital markets group covers a range of equity capital markets instruments, including IPOs, rights issues, secondary offerings, and accelerated bookbuilds. It also advises on private investments in public equity and equity-linked products, including exchangeable and convertible bonds. Michael Immordino works across the firm’s Milan and London offices; Evgeny Scirtò Ostrovskiy routinely advises on high-profile capital markets deals; and Alessandro Picchi is experienced in follow-on equity offerings.

Practice head(s):

Michael Immordino; Evgeny Scirtò Ostrovskiy; Alessandro Picchi


Testimonials

‘True professionals, offering product knowledge, local presence and a deal-driven approach.’

‘On execution, the perfect blend of senior and junior presences from beginning to finish.’

Key clients

Acea


Adler Pelzer


Aeroporti di Roma


AMA


AMCO


Amplifon


ASR Media and Sponsorship (AS Roma & Co)


Astaldi


ASTM


Atlas Capital Markets


Autogrill


Autostrade per l’Italia


Azimut


Banca Akros


Barilla


BC Partners


BFF Bank


Banca Ifis


Banca Monte dei Paschi di Siena


Banca Popolare di Bari


Banca Popolare di Vicenza


Banco BPM


Bank of America Merrill Lynch


Barclays


Biverbanca


BNP Paribas


Carval Investors


Cassa di Risparmio di Asti


Cassa di Risparmio di Biella e Vercelli –Biverbanca


Citigroup


Corporation America Italia


Crédit Agricole


Credit Suisse


CVC Capital Partners


De Agostini


De’Longhi


Deutsche Bank


doValue


Enel


Enel X


Eni


Esselunga .


Europa Investimenti


European Investment Fund


Fasanara


Fidera


Fire


Glennmont Partners


Global Infrastructure Partners


Goldman Sachs


GSO Capital Partners


HSBC


Intercos


International Game Technology


Neopharmed


Piaggio


Recordati


Rino Mastrotto


Webuild


ADVANT Nctm

ADVANT Nctm‘s equity capital markets practice advises large corporations and SMEs on IPOs on the Italian main market. The team also assists with listing securities, public tender offers, capital increases, and issues of equity securities. Heading up the group, Lukas Plattnerhas exceptional legal skills’, while Andrea Iovieno is an IPO specialist.

Practice head(s):

Lukas Plattner


Other key lawyers:

Andrea Iovieno


Testimonials

Great skills and availability.

The ECM team at Advant NCTM is a market leader for listings on Euronext Growth Milan.

They are very active in transactions involving SMEs and are very skilled and friendly colleagues.

Lukas Plattner is truly a guru for transactions on Euronext Growth Milan. He has exceptional legal skills and unparalleled knowledge of the SME market.

Andrea Iovieno – very high level of commitment and proficiency.

Andrea Iovieno is a very good lawyer.

Key clients

BolognaFiere


Comer Industries


Renergetica


Goldman Sachs International


Veld Capital (formerly known as AnaCap Financial Partners)


Ares Management


Digital 360


Mit Sim


HWG Group HoldCo


Cassa Depositi e Prestiti


Work highlights


  • Advised ICOP on its IPO on Euronext Growth Milan.
  • Advised Comer Industries on the translisting from Euronext Growth Milan to Euronext Milan.

Dentons

Acting for both listed and non-listed companies, Dentons covers private placements, IPOs, and the admission to trading of financial instruments on regulated markets and multilateral trading facilities. The team also assists with takeover bids, including liaising with the relevant authorities. Antonella Brambilla advises Italian and international clients on public offerings of financial instruments, stock exchange listings, takeover bids, and exchange offers, and Silvia Pacchiarotti assists with listed companies’ extraordinary transactions.

Practice head(s):

Antonella Brambilla


Other key lawyers:

Silvia Pacchiarotti


Testimonials

Clients appreciate their overall skills, timely responses, accuracy and competence.

Clients are definitely satisfied.

Very suitable for complex problems and medium-large companies.

Key clients

White Bridge Investment III


EEMS Italia


Newron Pharmaceuticals


Informa Group


Neosperience


ImprendiRoma


Confinvest FL


Enel


DBA Group


Vantea SMART


Work highlights


  • Advised EEMS Italia on the possible listing prospectus for newly issued shares that derive from a convertible bond.
  • Advised Newron Pharmaceuticals on a private placement of ordinary shares.
  • Advised White Bridge Investments III, through its vehicle Nebula Aurea Bidco, on two takeover bids for the shares and warrants of Reevo.

DLA Piper

Particularly focused on cross-border transactions, DLA Piper‘s equity capital markets team acts for financial institutions and issuers on IPOs (including SPAC IPOs), rights issues, tender offers, secondary offerings, and convertible, equity-linked and hybrid instruments. With extensive experience in the equity capital markets sector, Francesco Maria Aleandri heads the group from Milan. Key support is provided by Stefano Montalbetti, whose experience encompasses IPOs, secondary offerings, listings, and public tender offers.

Practice head(s):

Francesco Maria Aleandri


Other key lawyers:

Stefano Montalbetti; Mariateresa Candido


Key clients

Intermonte SIM


Digital Magics


Banca Akros


Assicurazioni Generali


Cometa


Notorious Pictures


Work highlights


  • Assisting Assicurazioni Generali with the regulatory side of a multi-jurisdictional stock option plan to be offered to its employees in approximately 34 countries.
  • Advised Cometa, a parent company of an issuer listed on the main Italian market (STAR segment) on a voluntary tender offer for the controlled company for the purpose of its delisting.
  • Assisted Banca Akros, as Euronext Growth Advisor, with Industrial Stars of Italy4’s reverse takeover and listing process of Sicily By Car on Euronext Growth Milan.

LCA Studio Legale

LCA Studio Legale’s equity capital markets practice covers Italian and international IPOs and secondary offerings on both regulated and unregulated markets, along with secondary listings and regulatory compliance advice. It also advises on dual listing processes. The group is co-led by IPO specialist Benedetto Lonato and Andrea Messuti, who ‘always provides a quick solution’. The team further includes Daniele Ferrone, who is particularly focused on equity capital markets transactions.

Practice head(s):

Benedetto Lonato; Andrea Messuti


Other key lawyers:

Daniele Ferrone; Giuditta Rege; Edoardo Berni


Testimonials

Well-known team that is experienced and has deep knowledge of local markets and business needs.

Great attitude to problem-solving.

Versatile, dynamic, competent and suitable for every size of company.

Competence and professionalism.

Andrea Messuti – professional approach, experience and availability during each deal.’

Andrea Messuti has very good knowledge of Italian law – always provides a quick solution to all the issues.

Andrea Messuti delves into problems at 360° and supports clients with the firm’s network of relationships.

Andrea Messuti and Giuditta Rege are always available and ready to respond to clients’ needs.

Key clients

Banca Intesa


CGN Futuro


Eprcomunicazione


FOS


H-Farm


IDNTT


IMD International Medical Devices


Manelli Impresa


MIT SIM


Nusco


Palingeo


Planetel


Racing Force


Soges Group


VNE


Work highlights


  • Advised VNE on the IPO of its shares on Euronext Growth Milan.
  • Advised E-Farm and CGN Futuro, as bidders, on a mandatory tender offer for the entire share capital of H-Farm (as a precursor to the de-listing of the target).
  • Advised Palingeo on the IPO of its shares and warrants on Euronext Growth Milan.

Bird & Bird

Bird & Bird‘s group comprises specialists in corporate governance, IPOs, public takeovers, rights issues, and secondary issues for publicly listed companies. The team is jointly led by Federico Valle, who has notable equity capital markets experience, and Alberto Salvadè, who also heads up the firm’s corporate group in Italy.

Practice head(s):

Federico Valle; Alberto Salvadè


Other key lawyers:

Paride Bordoni


Key clients

Honeywell International


Techstars Central


Amiral


Met Extra Group


Met Extra


Invesco


Really Good E-mails


Banca del Ceresio Investment Club


Work highlights


  • Advising Honeywell International on launching, through its wholly-owned subsidiary Honeywell II, a voluntary tender offer over ordinary shares of Civitanavi Systems.
  • Assisting Techstars Central with structuring, negotiating and executing several investments in the corporate capital of Italian start-ups, including by means of convertible investment instruments.
  • Providing general corporate assistance to Amiral, Met.Extra Group and Met.Extra on several compliance and corporate law-related issues.

Cleary Gottlieb Steen & Hamilton

Cleary Gottlieb Steen & Hamilton‘s Pietro Fioruzzi advises international and Italian corporate clients and investment banks on IPOs and other capital markets transactions. Nicole Puppieniconsistently delivers outstanding results’; and Rosa Parmose is particularly focused on matters involving US securities laws.

Other key lawyers:

Pietro Fioruzzi; Nicole Puppieni; Rosa Parmose


Testimonials

The ECM practice at Cleary is distinguished by an unwavering commitment to excellence and innovation.

Prospective clients would be pleased to know that the team is composed of highly-skilled professionals, who bring a wealth of experience and a diverse range of expertise to the table.

The practice’s key strengths lie in its collaborative approach and a deep understanding of clients’ needs.

Cleary’s ECM practice prides itself on personalised service and the ability to adapt to the ever-changing landscape of the industry.

Cleary’s ECM practice is dedicated to providing exceptional service through innovation, expertise, and a client-focused approach. The individuals at Cleary are distinguished by their exceptional expertise, dedication, and collaborative spirit.

What sets them apart from competitors is their unwavering commitment to client success and their ability to deliver innovative solutions tailored to each client’s unique needs.

The team comprises professionals with deep knowledge and extensive experience in their respective fields, ensuring top-notch service and advice. The commitment to going above and beyond for clients is evident in their meticulous attention to detail and proactive approach.

A specific standout is Nicole Puppieni, who is renowned for her strategic insights and exceptional client service, as well as analytical skills and innovative thinking – consistently delivers outstanding results.

Key clients

Intesa Sanpaolo


Alantra


The independent directors of Alkemy


Italian Design Brands


Natuzzi


Cassiopea


Ontario Teachers’ Pension Plan


UniCredit


Falck Renewables


Asterion Industrial Partners


Ermenegildo Zegna


Work highlights


  • Advised Intesa Sanpaolo and Alantra Capital Markets Sociedad de Valores (Italian Branch) on the offering and listing on Euronext Growth Milan of the ordinary shares of Next Geosolutions Europe.
  • Advised the independent directors of Alkemy on a tender offer launched by Retex.
  • Advising Natuzzi on a number of capital markets matters, including compliance with various NYSE-listed companies obligations..

Herbert Smith Freehills LLP

The Italian equity capital markets practice at Herbert Smith Freehills LLP was established in February 2023 when Augusto Santoro, whose transactional experience covers financial instrument offerings and IPOs, was recruited from Simmons & Simmons. Santoro joined alongside Bernadetta Troisi, who assists Italian issuers and domestic and foreign financial institutions with listing processes.

Practice head(s):

Augusto Santoro


Other key lawyers:

Bernadetta Troisi; Michela Merella; Guglielmo Ferrari


Testimonials

International team and experience with deep knowledge of local markets and financial requirements.

Attention to detail while maintaining focus on the big picture.’

‘Proactive approach and competence.

They are smart, easygoing, competent and proactive.

Very prepared team, available when needed, proactive and flexible to meet client’s needs.

High-level competence and dedication to the client.

Augusto Santoro – professional approach, experience and availability during the evolution of each deal.

Augusto Santoro is always ready to support a deal’s successful outcome.

Key clients

Holding Stilosa (Palladio Holding)


Banca Akros


Intermonte SIM


Stifel Bank (Milan branch)


Illimity Bank


First Capital


Alantra


Nice Footwear


Relatech


Portobello


Sourcesense


Growens


Magis


Monnalisa


Integrae SIM


Emma Villas


TPS


Work highlights


  • Advised Growens on the partial voluntary public tender offer for its own shares.
  • Advised Emma Villas on its admission to trading on Euronext Growth Milan.
  • Advised Portobello on a rights issue and a reserved capital increase.