Firms To Watch: Private equity

The key figures in Alpeggiani Avvocati Associati‘s practice are M&A, private equity, venture capital and structured finance lawyer Marco Carbonara, venture capital and private equity deal practitioner Francesco Torelli - both January 2024 recruits from hi.lex - and Niccolò Piccone, a property, medical, advertising, energy and food and beverage sector expert.
The private equity and corporate group at Bird & Bird, which covers the investment life cycle of digital sector-related private equity investments, is headed by Milan-based Alberto Salvadè, an adviser to both domestic and international clients from the life sciences, renewable energy and financial services sectors.
The Italian private equity team at DWF is led from Milan by Luca Cuomo, an adviser to private equity funds, commercial banks, and domestic and global corporate clients on a range of private equity investments, as well as M&A deals.

Private equity in Italy

BonelliErede

BonelliErede‘s private equity team has significant experience in large-scale acquisitions. The team, which also covers leveraged finance structures, is co-led by Eliana Catalano, a corporate law, M&A, private equity, joint venture and commercial agreement specialist, and Franco Agopyan, a November 2024 hire from Chiomenti and adviser to private equity sponsors and strategic buyers. The practice further includes corporate law expert Stefano Nanni Costa and Giulia Bianchi Frangipane, who has ‘outstanding technical skills’, along with Augusto Praloran and Francesca Ricceri. Private equity deal specialist Marco Bitetto was made partner in January 2024.

Practice head(s):

Eliana Catalano; Franco Agopyan


Other key lawyers:

Stefano Nanni Costa; Giulia Bianchi Frangipane; Augusto Praloran; Francesca Ricceri; Marco Bitetto; Giovanni Colantuono


Testimonials

‘Clients appreciate the commitment to the final results and the ability to manage very complex deals involving different practices within the law firm – clients are very satisfied.’

‘Incredibly strong and supportive.’

‘Giulia Bianchi Frangipane – very easy to collaborate with. On top of her outstanding technical skills, Giulia is extremely skilled at understanding the different phases of very long negotiations.’

‘Giulia Bianchi Frangipane – able to suggest practical solutions that are key to reaching positive conclusions.’

‘Stefano Nanni Costa is a strong leader.’

‘Eliana Catalano and Marco Bitetto are professionals of a very high standing.’

‘Marco Bitetto – very good knowledge.’

‘Francesca Ricceri – a very smart lawyer.’

Key clients

Bravo Capital


Fondo Strategico Italiano


Investindustrial


L Catterton


Nextalia SGR


Palladio Holding


Progressio SGR


Tikehau Capital


Work highlights


  • Advised Crown BidCo (L Catterton) on launching a voluntary totalitarian tender offer aimed at acquiring 36% of Tod’s Group.
  • Advised L Catterton on a definitive agreement to acquire a majority stake in Italian beauty brand KIKO Milano from the founding family.
  • Advised Investindustrial in relation to a partnership agreed upon between the founding family of Sammontana, Frozen Investments, and the senior management of the two companies to combine Sammontana with FdA Group.

Chiomenti

Known for its LBO expertise, Chiomenti‘s experience encompasses investments in both private and listed companies. It acts for sponsors targeting the energy, infrastructure, insurance and healthcare sectors. Mario Roli advises infrastructure funds and pension funds on the acquisition of companies; Filippo Modulo is a cross-border M&A specialist; Elena Busson is ‘excellent’; and Luigi Vaccaro handles company law, M&A, private equity and joint ventures. Other experienced practitioners are Carlo CroffAntonio SascaroMassimiliano Nitti, and Corrado Borghesan. US-based Salvo Arena is also noted. TFormer practice-co-head Franco Agopyan and Giovanni Colantuono departed in November 2024.

Practice head(s):

Mario Roli; Salvo Arena


Other key lawyers:

Filippo Modulo; Elena Busson; Luigi Vaccaro; Carlo Croff; Antonio Sascaro; Massimiliano Nitti; Corrado Borghesan; Maria Vittoria Marchiolo; Maria Pia Palma; Tommaso Caciolli


Testimonials

‘Strong and professional people – fast, commercial, flexible, a high level of bespoke client service, and multidisciplinary strength.’

’Clients appreciate the empowerment that the senior team gives to less experienced, yet very smart and capable, junior staff.’

‘Elena Busson in particular is excellent.’

‘During complex acquisitions, Luigi Vaccaro manages to negotiate very beneficial terms with difficult counterparts.’

Key clients

SK Capital Partners


One Equity Partners


Ontario Teachers’ Pension Plan


GIC


Capvis


Cerberus


Charterhouse


Lonestar


Lion Capital


Investindustrial


Cinven


NB Renaissance


Clessidra


F2i SGR


FSI SGR


Searchlight


OpCapita


QuattroR


Pitney Bowes Inc.


IGI SGR


Apollo


Aliante Partners


KPS


Hourglass


Kohlberg Kravis Roberts & Co Partners


Blackrock


Ion Investment Group


Portobello Capital


Stirling Square Capital Partners


CDP Venture Capital SGR


NUO


Alpha Private Equity


Nextalia SGR


Atlantia


Altor


PX3 Partners


BDT Capital Partners


A&M Capital Europe


Ares Management


Work highlights


  • Advising BDT Capital Partners on the acquisition of a minority stake in IMA.
  • Advising Viatris on the sale of its over-the-counter business to Cooper Consumer Health.
  • Advising Ardian on the sale to Asterion Industrial Partners of 49% of 2i Aeroporti.

Gatti Pavesi Bianchi Ludovici

Gatti Pavesi Bianchi Ludovici acts for banks, mezzanine funds and management groups with leveraged and management buy-out and buy-in deals. It also advises on private equity-related investment management, financial institutions regulation, and tax. The team is co-led by private equity specialist Gianni Martoglia and M&A expert Andrea Giardino. The practice further includes highly-rated civil and commercial law practitioner Carlo Pavesi; M&A, capital markets and corporate law practitioner Franco Barucci; and Silvia Palazzetti, an adviser on corporate law in the private and public sectors. In January 2024, Filippo Sola was made partner.

Practice head(s):

Gianni Martoglia; Andrea Giardino


Other key lawyers:

Carlo Pavesi; Franco Barucci; Silvia Palazzetti; Filippo Sola; Giuseppe Toia; Amélie Gillet; Guidomaria Brambilla; Dario Prestamburgo; Marco Malesci


Testimonials

‘The firm is flexible, and capable of handling both large transactions and smaller transactions where privately-owned companies require a different posture and more flexibility overall.’

‘The firm possesses both corporate law and tax expertise, which is helpful in private equity transactions.’

‘Ability to work with flexibility across different legal structures and instruments.’

‘The team is extremely competent – supports the client at each step of a private equity transaction, not only from a legal perspective but also from a commercial point of view.’

‘Great ability to understand clients’ needs and to negotiate.’

‘The team members provide excellent assistance, not only to the client itself but also to the other advisors involved in the transaction. They are excellent negotiators, who are always on time and available at any time of the day.’

‘Giuseppe Toia is a strong professional who is highly competent – always available to go the last mile, even in transactions that do not necessarily follow a well-planned path.’

‘Marco Malesci is the rising star of the team. He handles the process with perfection and has a deep knowledge of laws and the financial mechanics of a private equity deal. He also has a rare commercial approach to counterparties, which facilitates negotiations and the positive conclusion of the same.’

Key clients

Ambienta SGR


Azimut Libera Impresa


Bain Capital


Charme Capital Partners


Clessidra SGR


Europe Capital Partners VI SCA


NB Renaissance Partners


The Equity Club


Vam Investments


Work highlights


  • Advised the family on the sale of a majority stake (60%) in Kiko Milano to global fund LCatterton.
  • Advised Ambienta SGR on the acquisition of Frigoveneta Group from private sellers.
  • Advised NB Renaissance on an investment in Bending Spoons.

Gianni & Origoni

Acting for leading domestic and international private equity players, Gianni & Origoni‘s sector expertise covers retail, fashion, luxury, insurance, infrastructure, health, pharma and fintech. The practice also fields specialists in complex exit and governance scenarios. Francesco Gianni is a veteran M&A practitioner; private equity, LBO and venture capital expert Stefano Buccifocuses on getting the deal done’; Gianluca Ghersini is particularly focused on private equity mandates; Raimondo Premonte works between Rome and London; and Gabriele Ramponi is ‘committed, competent and precise’. Federico Dettori and Aldo Turella are also experienced advisers.

Practice head(s):

Francesco Gianni; Stefano Bucci; Gianluca Ghersini; Raimondo Premonte


Other key lawyers:

Gabriele Ramponi; Federico Dettori; Aldo Turella


Testimonials

‘Great breadth of competences.’

‘A very solid firm with quality specialists in each legal area – (M&A, fundraising, international matters and corporate governance), which are important to private equity firms.’

‘Technically very competent and always available.’

‘Good balance between protecting clients’ interests and being commercial in order to get deals done.’

‘Standout knowledge of the Italian market and unique local connections.’

‘Stefano Bucci is very proactive, well connected and takes a commercial approach.’

‘Stefano Bucci focuses on getting the deal done and problem-solving.’

‘Gabriele Ramponi – very committed, competent and precise.’

Key clients

Alcedo


Ambienta


Antin Infrastructure Partners


Apheon (formerly Ergon Capital Partners)


Atlas


Seven2 (formerly Apax Partners)


Apeiron Management


Ardian Buy Out


Ardian Expansion


Argo Partners


Armònia


Bain Capital


BlackRock


Blackstone


Bridgepoint


Cassa Depositi e Prestiti


Chequers Capital


CDP Equity


CDP Venture


Cinven Partners


DeA Capital Alternative Funds


EOS Investment


Fideuram


F2i


FSI


Fondo Italiano di Investimento SGR


Goldman Sachs


Groupe Bruxelles Lambert


InfraVia Capital Partners


Kohlberg Kravis Roberts


ICG Intermediate Capital Group


Lion Capital


Neuberger Berman


PM & Partners


Riello Investments


Russell Investments


Sagard


Three Hills Capital Partners


Value Partners Group


Work highlights


  • Advised KKR on a non-binding offer for a controlling stake in the fixed network business (known as NetCo) of Italian telecoms company TIM.
  • Advised Fondo Italiano di Investimento SGR, VAM Investments and Italmobiliare on the sale of a majority stake in Gruppo Florence to Permira.
  • Advised Apheon on the acquisition from Equinox of a majority stake in Salpa & Cherubini.

Latham & Watkins LLP

The private equity practice at Latham & Watkins LLP is experienced in both inbound and outbound M&A deals. The practice also covers take-privates, minority investments, fund-to-fund transfers, and corporate carve-outs. The department is led by M&A, private equity, joint venture and cross-border deal expert Stefano SciollaCataldo Piccarreta is an adviser to private equity sponsors and portfolio companies; Giorgia Lugli is an experienced private equity transaction lawyer; and Giovanni Sandicchi advises on contract and corporate law. The practice also features Giovanni Spedicato and Andrea Stincardini. Giancarlo D’Ambrosio departed in April 2024.

Practice head(s):

Stefano Sciolla


Other key lawyers:

Cataldo Piccarreta; Giorgia Lugli; Giovanni Sandicchi; Giovanni Spedicato; Andrea Stincardini; Luca Maranetto


Testimonials

‘Deep knowledge of M&A issues and able to adapt to new situations potentially emerging from negotiations.’

‘Full availability for clients’ needs.’

‘Stefano Sciolla is outstanding – always available when needed and business-oriented.’

‘Giovanni Sandicchi – unlike other lawyers, he has a positive approach to situations, trying to find the right compromise with counterparties. This often helps mitigate conflicts and to find agreement.’

‘Giovanni Spedicato is smart, experienced, and tries to help the client in all aspects of a deal.’

Key clients

The Carlyle Group


Bain Capital


Partners Group


Apollo


Platinum Equity


TA Associates


EQT


CVC Capital Partners


PAI Partners


BC Partners


Bluegem Capital Partners


Paladin


Permira


Astorg


DBAG


Advent International


Triton Partners


Bregal Unternehmerkapital


Capvis


Waterland Private Equity


Work highlights


  • Advised BC Partners on the sale of Forno D’Asolo Group to Investindustrial and the Bagnoli family.
  • Advised Carlyle Global Credit Investment Management, Stellex Capital Management and credit funds (managed by Man Group’s Man GLG) on the sale of Officine Maccaferri to Ambienta.
  • Advised EQT Private Equity on the sale of LimaCorporate to Enovis™ Corporation.

Legance - Avvocati Associati

Acting for private equity funds, institutional operators and infrastructure and sovereign wealth funds, Legance - Avvocati Associati is sought out for acquisitions of majority or strategic stakes in Italian and foreign companies. Filippo Troisi routinely assists with headline deals, including cross-border matters; Bruno Bartocci’s clients include major private equity funds; Alberto Giampieri is an expert in acquisitions, mergers, joint ventures, spin-offs and divestitures; and Giovanni Nardulli is an international transaction specialist. Other key figures are Piero Venturini, Andrea BottiAndrea FediAndrea Sacco GinevriGiacomo Gitti, and Francesco Florio.

Other key lawyers:

Filippo Troisi; Bruno Bartocci; Alberto Giampieri; Piero Venturini; Andrea Botti; Andrea Fedi; Andrea Sacco Ginevri; Giacomo Gitti; Francesco Florio; Federica Pomero; Marco Sagliocca; Lorenzo De Rosa; Francesco Bianchi; Marianna Consiglio


Testimonials

‘Very strong capabilities in the Italian market – they have probably become the pre-eminent firm and the team that is preferred by PE industry players. Legance also stands out for its deep expertise in M&A transactions, offering tailored solutions that are both innovative and pragmatic.’

‘Their ability to handle complex, cross-border transactions with ease sets them apart, ensuring smooth and successful outcomes even in the most challenging scenarios. This team provides a personalised, boutique service, while still offering a high level of sophistication and resources.’

‘Their agility, responsiveness, and ability to tailor their strategies to the unique needs of each transaction make them a standout in the market. Legance is ahead of the curve in several key areas.’

‘Their commitment to fostering diversity has resulted in a dynamic team that brings a variety of perspectives to every deal. Additionally, they have embraced technology, utilising cutting-edge tools for more efficient deal management and data analysis.’

‘Marco Sagliocca – very strong and with complementary skills across the PE-related spectrum.’

‘Francesco Florio is a standout legal professional whose expertise in M&A transactions is matched by his sharp strategic insights and unwavering commitment to client success.’

‘Andrea Botti is the most strategic lawyer around. He is incredibly sharp and on top of all the detail, while being highly thoughtful, pragmatic and focused on what matters. He is very committed to his clients, always going above and beyond.’

‘Giacomo Gitti understands that timing is important and he is able to navigate the deal in the right way, telling clients what should be left to the counterparty and what they should fight for.’

Key clients

Advent International


Apax Partners


Apollo Global Management


Ares Life Sciences


Armònia SGR


Bain Capital


Blackstone


Bridgepoint


Brookfield


Cabot Square Capital


CDP Equity


Cale Street Partners


Canson Capital Partners


Cassa Depositi e Prestiti


Centerbridge


Change Capital Partners


Charme Capital Partners SGR


Clessidra


Credem Private Equity SGR


CVC Capital Partners


DWS


Energy Infrastructure Partners


Entangled Capital SGR


European Investment Bank


European Investment Fund


F2i SGR


First Reserve


Fortress Investment Group


GIC Private Limited


Green Arrow Capital SGR


HIG Europe


Invitalia


IPI Partners


Lone Star


Made in Italy Fund (Quadrivio & Pambianco)


Mindful Capital Partners


Neuberger Berman


Oaktree


Óskare Capital Fund


PAI Partners


Partners Group


Permira


ProA Capital


Progressio SGR


RedBird Capital Partners Management


Sixth Street Capital


Three Hills Capital Partners


Tikehau Investment Management


TPG


Varde


York Capital Management


Work highlights


  • Assisted Permira with the acquisition of a majority stake in Gruppo Florence.
  • Advised HIG Capital on a binding agreement to sell its portfolio company Acqua & Sapone.
  • Advised NB Renaissance on the acquisition of U-Power Group.

PedersoliGattai

The result of a 2024 merger between Pedersoli Studio Legale and Gattai, Minoli, Partners, PedersoliGattai is highly experienced in banking and financial services sector-related private equity deals. The practice is also active in the pharma, retail, telecoms, infrastructure and fintech sectors. Bruno Gattai is a widely-respected private equity expert; Alessandro Marena advises private equity funds and industrial groups; Stefano Catenacci focuses on private equity and M&A; and Gerardo Gabrielli is ‘a very strong lawyer’. The practice further includes Carlo Re, Ascanio Cibrario, Federico Bal, Luca SaraceniAndrea Faoro and Maria Persichetti.

Practice head(s):

Bruno Gattai; Alessandro Marena; Stefano Catenacci; Gerardo Gabrielli


Other key lawyers:

Carlo Re; Ascanio Cibrario; Federico Bal; Luca Saraceni; Andrea Faoro; Maria Persichetti


Testimonials

‘Very strong team, very capable and results-oriented.’

’Always good at finding creative solutions to complex problems.’

‘The team consists of highly competent, meticulous, committed and discreet professionals.’

‘Clients can attest to their blend of expertise, caution, and diligence, coupled with a thorough understanding of companies and an ongoing pursuit of the most beneficial solutions to a range of issues.’

‘Their dedication is reflected in their seemingly boundless working hours.’

‘Gerardo Gabrielli is a very strong lawyer. From a technical standpoint, he is probably the best lawyer around.’

‘Gerardo Gabrielli combines strong technical skills with problem-solving skills.’

Key clients

CVC Capital Partners


Bain Capital


Intermediate Capital Group


InvestIndustrial


Global Infrastructure Partners


HIG Capital


21 Invest SGR


Ardian


Tikehau Capital


Investcorp


Work highlights


  • Advised Global Infrastructure Partners on the sale (together with other minority shareholders) to Mediterranean Shipping Company of a stake of approximately 50% in Italo – Nuovo Trasporto Viaggiatori.
  • Advised Blackstone on the sale of a historic building in Milan to Kering.
  • Advised Rina on a minority investment in the group by Fondo Italiano d’Investimento and other co-investors (including CDP Equity).

ADVANT Nctm

ADVANT Nctm‘s practice is mandated by major private equity funds operating in Italy, as well as at an international level. Group head Matteo Trapani is a highly regarded M&A and private equity expert; Paolo Montironi‘s track record covers LBOs on behalf of Italian and foreign private equity firms; and Pietro Zanonistands out in terms of experience’. The next line of active practitioners includes M&A specialist Lucia Corradi; private equity, industrial M&A and venture capital expert Alessia Trevisan; and Natali Prodan Milič, who focuses on M&A and private equity.

Practice head(s):

Matteo Trapani


Other key lawyers:

Paolo Montironi; Pietro Zanoni; Lucia Corradi; Alessia Trevisan; Natali Prodan Milič


Testimonials

‘The Advant NCTM team is extremely competent, prepared and available.’

‘Problem-solving approach with great negotiation skills that help investors find solutions to the critical points of negotiations.’

‘Great people.’

‘Great competence, personalities and availability.’

‘Advant NCTM is one of the best law firms in Italy, with outstanding professionals who are able to couple deep knowledge of legal matters with business acumen. They are particularly client-friendly and very responsive.’

‘Pietro Zanoni stands out in terms of experience and ability to cope with complex deals.’

‘Special mention to Pietro Zanoni and Alessia Trevisan.’

‘Lucia Corradi’s ability to coordinate the various professionals deployed by NCTM for due diligence activities and contractual agreements is excellent.’

Key clients

Chequers Capital


Ambienta SGR


NB Aurora


Equinox


Auctus Capital Partners


DeA Capital Alternative Funds


Entangled SGR


Rhone Capital


Alcedo SGR


Gradiente SGR


Work highlights


  • Advised Chequers Capital on the sale of its majority stake in Somacis to Bain Capital.
  • Advised Alcedo SGR on the sale of its stake in Friulair to Ingersoll Rand.
  • Advised Equinox on the sale, through the Equinox III fund, of its stake in Salpa to Apheon.

A&O Shearman

The result of a May 2024 merger between Allen & Overy LLP and Shearman & Sterling, A&O Shearman handles significant M&A transactions involving private equity funds. The department’s sector expertise covers manufacturing, telecoms, tech, life sciences, consumer goods, financial services and real estate. The group is co-led by Giovanni Gazzaniga, whose track record encompasses private equity deals, public takeovers, mergers, spin-offs and strategic alliances, and ‘brilliant lawyerPaolo Nastasi. The team further includes M&A specialist Emanuele Trucco, domestic and cross-border deal lawyer Francesca Croci and M&A and private equity practitioner Chiara De Luca.

Practice head(s):

Giovanni Gazzaniga; Paolo Nastasi


Other key lawyers:

Emanuele Trucco; Francesca Croci; Chiara De Luca.


Testimonials

‘Excellent knowledge of the dynamics of the sector. Dynamic and innovative – ready to help at any time.’

‘The A&O Shearman private equity team is a reliable partner when navigating the complexities of M&A transactions. Clients appreciate their ability to combine sharp legal insight with a strong understanding of what drives a deal commercially.’

‘They are consistently responsive and practical. Their ability to manage intense negotiations while keeping everything on track (and costs under control) is outstanding, and their collaborative approach makes working with them straightforward and efficient.’

Key clients

One Equity Partners Europe


Clessidra Private Equity


EQT


Apax Partners


AnaCap


Fremman Capital


Kharis Capital


CVC


Seven2


Cobepa


PAI Partners


Verlinvest


Bencis Capital Partners


ICG


Deutsche Beteiligungs


Aermont Capital


The Riverside Company


MIR Capital


Algebris Investment


Alantra


Starwood Capital


CapitalG


Rivean Capital


Work highlights


  • Advised Enovis™ Corporation on its strategic acquisition of LimaCorporate from EQT Private Equity.
  • Advised Clessidra Private Equity on the acquisition of Molino Nicoli.
  • Advised the equity partners of Intellera on the sale (together with Intellera’s majority shareholder, Gyrus Capital) of 100% of Intellera to Accenture.

Cleary Gottlieb Steen & Hamilton

Experienced in high-end, domestic and cross-border matters, Cleary Gottlieb Steen & Hamilton‘s Italian practice acts for major private equity clients on a range of investments and divestitures, including buyouts, consortium deals, co-investments and minority investments. The team is co-led from Milan by Roberto Bonsignore, a highly-rated specialist in public and private M&A, as well as restructuring; and ‘excellent lawyerDavid Singer, an expert in domestic and cross-border M&A, private equity investments, and venture capital deals. Other names to note are Matteo Montanaro, Laura Prosperetti, Gerolamo Da Passano and Gianluca Russo.

Practice head(s):

Roberto Bonsignore; David Singer


Other key lawyers:

Matteo Montanaro; Laura Prosperetti; Gerolamo Da Passano; Gianluca Russo


Testimonials

‘David Singer is an excellent lawyer, and always available when needed by the client.’

‘In addition to David Singer’s legal skills, he provides pragmatic advice, always taking into account commercial considerations.’

Key clients

F2i


Ardian


Allianz Capital Partners


Peninsula Capital Partners


IFM Investors


APG Asset Management


Asterion Industrial Partners


TSG Consumer


Apollo Management Capital


Global Infrastructure Partners


F2i


Ardian


Allianz Capital Partners


Peninsula Capital Partners


Warburg Pincus


Temasek


Goldman Sachs Infrastructure Partners


Blue Pool Capital


Oaktree


QuattroR SGR


Bain Capital Credit


Blackstone


Brookfield Investment Partners


Cerberus


DIF


EDF Invest


JC Flowers


Intermediate Capital Group


KKR


Onex


Ontario Teachers’ Pension Plan


Silk Road Fund


Sixth Street


TPG


Work highlights


  • Advised F2i on the acquisition (alongside KKR, the Italian Ministry of Economy and Finance, ADIA and CPPIB) of the fixed network of TIM – Telecom Italia.
  • Advised F2i and Ardian on the contemplated sale to Italgas of gas distribution group 2i Rete Gas.
  • Advised Global Infrastructure Partners on its reinvestment in high-speed train operator Italo – Nuovo Trasporto Viaggiatori.

Clifford Chance

Clifford Chance advises global and regional private equity investors throughout the lifecycle of investments. Claudio Cerabolini routinely advises on high-end private equity and private and public M&A deals, while private equity and cross-border M&A transactions specialist Filippo Isacco is a ‘trustworthy partner with strong commercial acumen’. The group also showcases Umberto Penco Salvi, whose track record encompasses landmark M&A deals in Italy; Paolo Sersale, a highly rated adviser for private equity, public M&A, takeover regulations and corporate restructuring; and private equity and cross-border M&A expert Elisa Ielpo.

Other key lawyers:

Claudio Cerabolini; Filippo Isacco; Umberto Penco Salvi; Paolo Sersale; Elisa Ielpo; Mariasole Rinciari; Lorena Sarah Loos


Testimonials

‘Very strong corporate team. They help successfully complete a number of equity financing rounds and always meet clients’ needs.’

‘They are pragmatic and get straight to the point when giving advice.’

‘Boots on the ground with deep product expertise and an extensive network.’

Key clients

Ambienta


Davidson Kempner


PAI Partners


Ardian


Cinven


CVC


EQT


Macquarie Asset Management


Partners Group


Temasek


Ardian


Work highlights


  • Advised international private equity firm Cinven on the sale of Arcaplanet to Fressnapf Group, a European pet supplies business.
  • Advised a consortium (led by European private equity firm Ardian) on the acquisition of an additional 19% stake in Dedalus from founder Giorgio Moretti.
  • Advised Ambienta on the acquisition of Officine Maccaferri from Carlyle Global Credit Investment Management, Stellex Capital Management, and credit funds managed by Man Glg.

White & Case (Europe) LLP

White & Case (Europe) LLP is routinely mandated to handle high-end private equity transactions. Michael Immordino and Leonardo Graffi work across the firm’s Milan and London offices, while Sara Scapin acts for major Italian and international private equity sponsors and industrial clients. In 2024, public and private M&A expert Domenico Fanuele, as well as Matteo Catalano, Davide Cavazzana and Giovanni Cirelli, joined from legacy firm Shearman & Sterling. Andrea Pretti left the firm in 2025.

Practice head(s):

Michael Immordino; Leonardo Graffi; Domenico Fanuele; Sara Scapin; Matteo Catalano; Davide Cavazzana; Giovanni Cirelli


Testimonials

‘Very strong and commercial.’

‘Good lawyers.’

Key clients

Accellero Capital


Antin Infrastructure Partners


Ardian Growth Capital


BC Partners


Blackstone


Charterhouse Capital Partners


CDP Venture Capital


CEE Equity


Centerbridge


Cobepa


CVC Capital Partners


Evolution Equity Partners


EQT


F2I


FSI SGR


IK Investment Partners


Infracapital NoInfravia


Investindustrial


KKR


LionRock Capital


Macquarie Asset Management


Morgan Stanley Infrastructure Partners


Muzinich & Co


NB Aurora


Oaktree Capital Management


PAI Partners


PAG Asia


PFH Palladio Holding


Peninsula Capital


ProA Capital


Progressio


Trilantic Capital Partners


Triton Advisor


SECO


Summit Partners


Verlinvest


Cappelli Riolo Calderaro Crisostomo Del Din & Partners

Cappelli Riolo Calderaro Crisostomo Del Din & Partners acts on private equity transactions in the infrastructure, education, financial services, manufacturing, real estate, sport and energy sectors. Roberto Cappelli acts for companies, financial institutions and private equity funds on mergers, spin-offs and acquisitions. Providing key support, Guido Masini specialises in corporate finance and capital markets; Nicola Caielli has extensive financial and energy sector expertise; and Valentina Dragoni is ‘an outstanding professional’.

Practice head(s):

Roberto Cappelli


Other key lawyers:

Guido Masini; Nicola Caielli; Valentina Dragoni; Alessandro Antoniozzi; Alberto Elmi; Martino Liva


Testimonials

‘The team is solid and each member has a sophisticated knowledge of the legal documents usually used in complex PE transactions.’

‘The team has a unique understanding of this subject, resulting from its very broad experience and desire to go the extra mile to find the best possible solution.’

‘The team is not only extremely competent but also capable of maintaining very positive and serene relations with clients.’

‘Roberto Cappelli’s team is one of the best in the M&A legal market.’

‘Roberto Cappelli is a unique professional and his contributions are always highly valuable.’

‘Along with Roberto Cappelli, Valentina Dragoni is an outstanding professional with great expertise in the Italian legal market. Roberto and Valentina create a solid duo and offer reliability, trustworthiness and organisational skills to their clients.’

‘Valentina Dragoni is an extremely competent professional, who is capable of solving even the toughest situation, and she is always available to explain to clients legal technicalities that are not clear to people without professional legal backgrounds.’

‘A team of brilliant, hard-working, eager-to-progress associates working under Valentina Dragoni’s supervision.’

Key clients

890 Fifth Avenue Partners


21 Invest SGR


Apax Partners


Apollo Global Management


Aussafer Due


Carlyle Investment Management


CDP Equity


CDP Venture Capital SGR


Citadel


Dea Capital SGR


Digit’Ed


Fondo Italiano D’Investimento SGR


HitecVision


iCON Infrastructure


Mandarin Capital (now Mindful Capital Partners)


Nextalia SGR


Pillarstone


Startric


TD Greystone Infrastructure Fund


Three Hills Capital Partners


Värde Partners


Work highlights


  • Advised Health Holding Company on the sale to Healthlux of 18.47% of the share capital of Dedalus Healthcare Systems Group.
  • Advised TD Greystone Infrastructure Fund on the Italian law aspects of the acquisition of a non-controlling equity stake (together with co-investor Fair Market Value Capital Partners) in PSA Italy.
  • Advised Fondo Italiano d’Investimento SGR (on behalf of Fondo Italiano Agri & Food FIAF) on the acquisition of 55% of the corporate capital of Pasta Berruto from Webcor Investments.

Dentons

Advising on the full cycle of private equity mandates, Dentons‘ private equity offering covers both acquisitions and exit strategies. The team also assists with tax structuring. Alessandro Dubini acts for private equity funds on M&A, corporate finance and corporate reorganisations; Pier Francesco Faggiano‘s sector expertise includes healthcare, manufacturing and food and beverage; and Luca Pocobelli is ‘an excellent negotiator’. Other key figures are Enrico Troianiello and Stefano Ambrosioni.

Practice head(s):

Alessandro Dubini; Pier Francesco Faggiano


Other key lawyers:

Junyi Bai; Barbara Urselli; Antonio Legrottaglie; Filippo Frabasile; Marilina Di Lauro; Ferdinando Bonofiglio


Testimonials

‘The team is really strong and always available to help and assist the client in a very proactive way.’

‘All the people are really strong, and always focused on trying to find a solution that is tailored to clients’ needs.’

‘Great practice and high-quality outcomes in line with timeline expectations.’

‘Dentons’ private equity practice benefits from professionals with vast experience in complex and high-value transactions in Italy and abroad.’

‘Professionalism, responsiveness, strong negotiation skills, business acumen, empathy, and a friendly approach highlight the qualities of the whole team (from the juniors to the partners).’

‘Very flexible and realistic when it comes to fee arrangements, and their team is absolutely diverse.’

‘Antonio Legrottaglie – competent, extremely available and committed to deadlines with good outcomes. Extremely client friendly and good at maintaining client relationships.’

Key clients

KKR


Battery Ventures


CDP Venture Capital


Cerba HealthCare


ArchiMed


Verteq Capital


Synergo Capital SGR


TECM


Starwood Capital


Ankh Impact Ventures


Agic Capital


White Bridge Investments


Alliance Medical


Alto Partners


PureLabs


KPS Capital Partners


Gradiente


Work highlights


  • Advising KKR and A-Gas on the sale of a majority stake in A-Gas to TPG Rise Climate.
  • Advising CDP Venture Capital (through Corporate Partners I Fund – Industry Tech segment) on a €2.2m post-seed round (together with 360 Capital) for Voidless, a deep tech start-up.
  • Advising Battery Ventures on its acquisition of ORTEC International.

DLA Piper

Covering both domestic and international transactions, DLA Piper‘s Italian private equity practice advises on high-end sales and acquisitions. The team also comprises experts in management-side deals and distressed asset transactions. Heading the firm’s industrial sector offering in Italy, Alessandro Piermanni leads the private equity group. Danilo Surdi‘s workload includes advising on the sale and acquisition of family-owned businesses. Anna Saraceno and Sira Franzini are also experienced practitioners.

Practice head(s):

Alessandro Piermanni


Other key lawyers:

Danilo Surdi; Anna Saraceno; Sira Franzini; Silvana Bonazzi; Alessandra Crivelli; Carlos Rosquet Martinez


Key clients

2Ride


21 Capital


360 Capital


Addax Biosciences


Azimut


A-KKR


Algebris


Aqseptence Group


B+N Referencia


Castik Capital Partners


Bluegem


CBRE


CDP


Clessidra


Credem Private Equity


Dea Capital


Equiter


Eurazeo


Finint SGR


H6


Itago SGR


Linden Capital


Mittel


Montefiore


Oak Hill Capital Partners


Work highlights


  • Assisting Aqseptence Group with the sale of a controlling stake in the group to Oaktree Private Equity fund.
  • Assisted Bluegem with the sale of Italian luxury home fragrance brand, Dr Vranjes Firenze, to Occitane.
  • Assisted an Itago SGR company with the acquisition of all the corporate capital of Apice Milano, Apice Venezia, Apice Firenze, Apice Roma Transport and (indirectly) Apice Scrl.

Giovannelli e Associati Studio Legale

Advising on all aspects of clients’ business cycles, Giovannelli e Associati Studio Legale is particularly focused on structuring national and international commercial networks, along with drafting and negotiating a range of commercial contracts. M&A specialist Alessandro Giovannelli leads the Milan-based team, which includes Fabrizio Scaparro, whose track record encompasses major cross-border deals, and Matteo Delucchi, an adviser on extraordinary transactions. Pasquale Marini and Francesco Peruffo joined from K&L Gates in November 2023 and January 2024, respectively.

Practice head(s):

Alessandro Giovannelli


Other key lawyers:

Fabrizio Scaparro; Pasquale Marini; Francesco Peruffo; Nicoletta Carapella; Laura Bernardi; Serena Germani; Andrea Mossa; Paola Pagani


Testimonials

‘A great team of lawyers.’

‘Extremely collaborative, knowledgeable and reactive team.’

Key clients

Alto Partners


APANEO Capital Partners


Arca Space Capital


Ardian


Argos Wityu


Aurelius Investments


Azelis Group


Azimut Libera Impresa SGR


Birsa


Cargotec Corporation


Celli Group


Creafund


DeA Capital


Dedalus Group


Iberis Semper


GKN Wheels & Structures Group


Gruppo UNA


NoIlly Group


Investindustrial


Italmatch Chemicals Group


LKQ Rhiag


Lineage


Jakala Group


Mangiarotti


Mindful Capital Partner


Melrose Industries


Mutares SE & Co


Neopharmed Gentili


Neuberger Bergman


Nutkao


Objectway


Polo del Gusto


Quantum Capital Partners


SITRA Group


Specchiasol


Thommen Group


Trafigura


UnipolSai Assicurazioni


White Bridge Investments


Work highlights


  • Advised Azimut Libera Impresa on the acquisition of a majority stake in Value Group.
  • Assisted Ardian with the acquisition of a remaining minority stake in Dedalus (held by the founder).
  • Advised White Bridge Investments III on the acquisition of a majority stake in the share capital of Vida.

Hogan Lovells International LLP

Acting throughout private equity lifecycles, Hogan Lovells International LLP‘s practice covers co-investments, and equity or debt investments in infrastructure, real estate and energy assets. It also advises on private M&A, add-on acquisitions, IPO exits, and minority and venture capital investments. Corporate M&A and private equity practitioner Luca Picone is group head; while Paola Barometro is a February 2024 recruit from Orrick, Herrington & Sutcliffe, who advises private equity funds on M&A.

Practice head(s):

Luca Picone


Other key lawyers:

Paola Barometro; Francesco Stella; Martina Di Nicola; Pierluigi Feliciani; Francesco De Michele; Martino Filippi; Andrea Foglia; Federico Urbani; Alessandro Seganfreddo


Testimonials

‘The team is client-friendly and goal-oriented.’

‘Very responsive and a lot of expertise in several matters.’

‘Very client-oriented and attentive to clients’ needs.’

‘The team is well structured and very effective at responding to any issue – well prepared when supporting a PE deal.’

‘Luca Picone and Martina Di Nicola are high-level professionals and very supportive. They are always very present during DD phases, as well as during negotiations.’

‘Pierluigi Feliciani – client-friendly, goal-oriented and a good negotiator.’

‘Pierluigi Feliciani – capable of closing a deal and always available to give clarifications to clients.’

‘Andrea Foglia – detail-oriented and extremely good at explaining the pros and cons of specific clauses. Highly valuable.’

Key clients

21 Invest SGR


Brand Label


Bulgarelli Production


CDP Venture Capital


D’Auria Packaging


Enel Group


Fressnapf Group


Gerresheimer


Gruppo Florence


Guaresi Group


Hyle Capital Partners


Trend


Valtenna


Work highlights


  • Advised minority shareholders of Gruppo Florence on the sale to a corporate vehicle (controlled by Permira) of their entire shareholding in Gruppo Florence.

LCA Studio Legale

LCA Studio Legale‘s practice covers fundraising, buyouts and other investments, along with the creation of investment vehicles. In Milan, Roberto de Bonis advises entrepreneurs, managers and investors on private equity transactions; while Andrea Messuti is ‘a recognised lawyer in the market’. Over in Genoa, Benedetto Lonato assists with LBOs, while Riccardo Massimilla is experienced in private equity transactions in the energy, manufacturing, financial services and oil and gas sectors.

Practice head(s):

Roberto de Bonis; Andrea Messuti; Riccardo Massimilla


Other key lawyers:

Benedetto Lonato; Flavia Visco; Luca Minoli; Francesco Buoso


Testimonials

‘The LCA team is very skilled in venture capital and private equity.’

‘A leader in the Italian market, especially venture capital – a pioneer in the market.’

‘Very business-oriented approach in terms of billing structure and use of technology.’

‘High-level competence in complex legal matters. High-level reactiveness to clients’ needs.’

‘High-level quality and availability of partners and associates.’

‘They not only have strong connections but also collaborate with many players in the financial market.’

‘Andrea Messuti is a recognised lawyer in the market – a very strong negotiator who knows the market very well.’

‘Andrea Messuti is a pioneer in venture capital practice in Italy. Very well prepared and skilled in many aspects – not only legal structures, drafting and negotiating, but also in terms of knowledge of business, tech and financial methodology.’

Key clients

Alto Partners SGR


Azimut Libera Impresa SGR


Brick Up


CDP Venture Capital SGR


Cebat


Easy Rain


Europeenne de Participations Industrielles SAS


Formula Impresoft


Flyted


Insay Holding


Marshmallow Games


OXY Capital SGOIC


Qodeup


The Data Appeal Company


Xenon Private Equity Small Caps


Work highlights


  • Advised Absolute Energy Capital (and its management) on I Squared Capital’s €400m investment (in exchange for a 95% stake in the company).
  • Advised Raza Heritage Holdings on its €200m acquisition of all the corporate capital of Edmund Frette from Change Capital Partners.
  • Advised Impresoft on a series of buyouts of IT companies, including that of Ribes Solutions.

Linklaters Studio Legale Associato

Acting for private equity houses at all stages of investment cycles, Linklaters Studio Legale Associato covers corporate issues, M&A, banking, capital markets and tax, as well as the investment fund side. Heading the team, Giorgio Fantacchiotti focuses on cross-border public and private M&A and private equity deals; Andrea Arosio leads the banking and finance practice; and Pietro Belloni advises on M&A and joint ventures in the private equity sector.

Practice head(s):

Giorgio Fantacchiotti


Other key lawyers:

Andrea Arosio; Pietro Belloni; Roberto Egori; Alessandra Ghezzi; Anna Gagliardi; Maria Sofia Ricci; Matteo Tabellini


Testimonials

‘Very innovative.’

‘Very high-quality service in terms of delivery, timeliness, pragmatism and efficiency.’

‘Strong and professional people, who are reliable and commercial.’

Molinari

Advising Italian and foreign private equity funds, Molinari handles major transactions, along with corporate matters and governance issues. The practice is co-led by Ugo Molinari, an advisor to private equity firms and holding companies on M&A, disposals and capital increases, and M&A, LBO, acquisition finance and joint venture expert Margherita Santoiemma. Also highly regarded, Marco Laviano focuses on private equity fund-related acquisitions, disposals, mergers, joint ventures and buy-outs.

Practice head(s):

Ugo Molinari; Margherita Santoiemma


Other key lawyers:

Marco Laviano; Ciro Di Palma; Francesca Battistutta; Andrea Cecchi


Testimonials

‘Exceptionally business-minded, going above and beyond the mere role of the traditional lawyer. Problem solvers.’

‘Molinari Agostinelli is one of the leading players in the Italian legal market.’

‘The private equity practice boasts a team of top-notch lawyers with great experience.’

‘Extremely responsive and able to provide best-in-class advice.’

‘Constant senior attention to ensure business-oriented tailored advice that greatly contributes to the deal’s success.’

‘The team has extensive experience in advising private equity investors.’

‘Marco Laviano is a super-efficient lawyer – highly skilled and always available.’

‘Marco Laviano has a strong grasp of the commercial implications of any legal point under discussion, and is attentive to clients’ needs.’

Key clients

Dea Capital Alternative Funds


Alto Partners SGR


JC Flowers & Co


J Hirsch


Clessidra Restructuring Fund


Oxy Capital


Coima SGR


Fidera Capital


Quattror


Seta Holding


Work highlights


  • Advised Coima SGR on the acquisition of units of alternative real estate investment fund Sapphire.
  • Advised QuattroR on the acquisition of a 50% stake in Massimo Zanetti Beverage Group.
  • Advised Mipharm (Alto Partners) on its merger with Doppel (Trilantic).

Orrick, Herrington & Sutcliffe

Orrick, Herrington & Sutcliffe‘s practice is mandated by investors and portfolio companies to handle tech-related private equity and venture capital transactions. Guido Testa is a highly-regarded private equity lawyer, while Attilio Mazzilli has a significant track record in advising investors on high-stakes deals. The practice further includes May 2024 recruit Fabio Fauceglia, from legacy firm Shearman & Sterling, as well as experienced practitioners Alessandro Vittoria and Livia Maria Pedroni.

Practice head(s):

Guido Testa; Attilio Mazzilli


Other key lawyers:

Fabio Fauceglia; Alessandro Vittoria; Livia Maria Pedroni


Testimonials

‘Orrick is quite distinctive in the private equity market.’

‘They have specific knowledge of the legal topics and matters, and a deep understanding of market practice.’

‘Alessandro Vittoria really adds value to the practice, helping clients find new and simple solutions to complex situations.’

Key clients

Neva SGR


Indaco Venture Partners


Panakès Partners


Partech Venture


HAT SGR


Invitalia


Nextalia Private Equity


Ethica Global Investments


LIFTT


Swiss EFI Lake Geneva Ventures


14Peaks Capital


360 Capital


Work highlights


  • Advised Neva SGR, the venture capital arm of the Intesa Sanpaolo Group, on its investment in the €100m Series C financing of D-Orbit.
  • Advised Indaco Venture Partners on its investment in the $38m Series A financing of Freya Biosciences.
  • Advised HAT on its sale of Burke & Burke.

Pavia e Ansaldo

Advising international groups, investors, private equity funds and SMEs, Pavia e Ansaldo‘s private equity department covers complex cross-border acquisitions and international joint ventures. The private equity team also regularly works alongside the firm’s tax, regulatory, M&A and finance lawyers. The department is co-led by managing partner Stefano Bianchi, who regularly advises on significant private equity deals, and Meritxell Roca Ortega, an expert in private equity, corporate and commercial matters.

Practice head(s):

Stefano Bianchi; Meritxell Roca Ortega


Other key lawyers:

Paola Carlotti; Mia Rinetti; Giuseppe Besozzi


Key clients

F2i SGR


HIG Capital


Xenon Private Equity


Mindful Capital Partners


Orienta Partners


Stirling Square Capital Partners


DeA Capital Funds SGR


Castik Capital Partners


Arcadia SGR


Astorg Partners


Ethica Global Investments


IPE (Investments in Private Equity)


TSC Fund Eurocare Real Estate


Threestones Capital Management


Itago Partners


Italglobal Partners


Itelyum Regeneration


Customs Support Group


NEVA SGR


Equilybra


Mittel


Synergo Capital


Merloni Holding


Palladio Holding


Work highlights


  • Advised Xenon Private Equity on the sale to San Quirico of the entire share capital of MinervaHub.
  • Assisted F2i SGR with the acquisition of HISI and its group of companies.
  • Assisted Ethica Global Investments with the sale of Gruppo GIA.

Simmons & Simmons

The private equity transactions practice at Simmons & Simmons covers venture and growth capital financing, buyouts, exits, M&A, consortium bids, joint ventures and advice to management teams. It also assists with restructurings and company workouts. Andrea Accornero focuses on private equity and M&A. Laura Fiordelisi assists private equity funds at every investment life cycle stage and Marco Muratore specialises in M&A, private equity and corporate reorganisations. Moira Gamba is another experienced practitioner.

Practice head(s):

Andrea Accornero; Laura Fiordelisi; Marco Muratore


Other key lawyers:

Moira Gamba; Alessandro Bonazzi; Paolo Guarneri


Key clients

Wise Equity SGR


Quaestio SGR


RiverRock European Capital Partners


Chequers Partenaires (Chequers Capital XVII FPCI)


Innovery


Riello Investimenti SGR


QuattroR fund


EIM Capital


Apogee Group


21 Invest


Shareholders of Ksenia Security


Getec Italia


Work highlights


  • Advised Wise Equity SGR on the disposal of Cantiere del Pardo, a manufacturer of sailing and motor yachts, to Calzedonia Group.
  • Assisted the selling shareholders on the sale of Ksenia Security to Jigen Holding, an investment vehicle owned by Cronos Capital Partners.
  • Advised Riello Investimenti SGR on the acquisition, through its subsidiaries Protec Surface Technologies and Protim, of Arzuffi.

Ashurst

Ashurst‘s group is experienced in private equity deals, LBOs, MBOs, asset transactions and joint ventures. It is particularly expert in minority investments. Heading up the team from Milan, Fabio Niccoli‘s career includes working as GC at a prominent investment company, while Andrea Di Rosa provides key support.

Practice head(s):

Fabio Niccoli


Other key lawyers:

Andrea Di Rosa


Testimonials

‘Their support is outstanding.’

‘Continuous availability, proactive approach, ability to deliver on client requests during negotiations, and highly knowledgeable.’

‘The team provides a service that achieves the desired objective.’

‘Interactions with the team are invariably courteous and efficient, and produce sensible solutions.’

Key clients

Armònia SGR


Arrigoni


DeA Capital Alternative Funds SGR


Fondo Italiano d’Investimento SGR


FSI SGR


I Squared Capital


Work highlights


  • Advised I Squared Capital on its agreement to acquire up to 95% of the capital of Absolute Energy.
  • Advised Fondo Italiano d’Investimento SGR on co-investments in Eurosirel and in CMR.
  • Advised DeA Capital Alternative Funds SGR on the acquisition, alongside ACON Global Care Partners, of Romar Care Group.

CBA Studio Legale e Tributario

CBA Studio Legale e Tributario‘s team assists investment funds, asset management companies and fixed-income investment companies throughout the entire transaction cycle. The group is led by private equity transaction specialist Luca Fabbrini, while Ilaria Antonella Belluco advises private equity funds looking to operate in the Triveneto region.

Practice head(s):

Luca Fabbrini


 


Other key lawyers:

Ilaria Antonella Belluco; Laura Elena Cinquini; Riccardo Papetti; Francesco Rizzo; Alessia Crozzoli; Alessandro Carbone


Testimonials

‘The team works diligently to meet established timeframes by prioritising critical tasks and optimising all necessary activities to ensure timely completion.’

‘CBA’s ability to blend traditional legal skills with modern, business-oriented strategies positions it as a strong partner for clients.’

‘They maintain a flexible yet focused approach, adapting as needed to stay on track while guaranteeing the availability of the right personnel at every stage.’

‘Through careful coordination and resource management, the team ensures that each aspect of an operation is handled with precision, balancing efficiency with attention to detail to achieve the desired results.’

‘CBA is an invaluable asset to companies, providing exceptional legal services that enable clients to navigate complex regulatory challenges.’

‘Ilaria Antonella Belluco – technically skilled and a great negotiator.’

‘Ilaria Antonella Belluco is an extremely competent and empathetic person.’

‘Francesco Rizzo has proven himself to be a lawyer who cares about the needs of his clients.’

Key clients

Alcedo SGR


Calligaris Group


Favini


F&PML e Partners


Genuino


Dada


Lifeanalytics Group


Sirti Group


SRI Group NVP Europe


Transmec


Montefiore Investment fund


BrainV


Boom


Metrika SGR


FVS SGR (Futura Group)


AvantGarde


Web al Chilo


MagillaGuerrilla


Work highlights


  • Advised Alcedo on the creation of the holding company Green Sustainable Packaging.
  • Advising Metrika SGR on the acquisition of a majority stake in Agliati.
  • Advised the majority shareholders of MagillaGuerrilla on the sale of their majority stake to Xenon Private Equity Small Cap SCA SICAV-RAIF through Fifth Beat.

CMS

CMS‘ team is experienced in fund formation, debt finance, secondary transfers, regulatory matters and fund-related mergers. Paolo Scarduelli acts for private equity clients across the insurance, banking, automotive and TMC sectors, while Massimo Trentino assists private equity funds with tech-related investments. Pietro Cavasola also advises on private equity.

Practice head(s):

Paolo Scarduelli


Other key lawyers:

Pietro Cavasola; Massimo Trentino; Paolo Bonolis; Andrea Arcangeli


Key clients

Baille Gifford


Durable Capital Partners


Portals


Eversana


Cube Energy Green


Deloitte Legal Italy -Società tra Avvocati a r.l.

Deloitte Legal Italy -Società tra Avvocati a r.l.‘s private equity offering covers legal, tax, financial advisory and accounting services. Benefiting from the firm's global network, the team focuses on the food, automotive, fashion, luxury, healthcare, renewables and real estate sectors. Carlotta Robbiano, Giorgio Mariani and Federico Loizzo co-lead the group.

Practice head(s):

Giorgio Mariani; Carlotta Robbiano; Federico Loizzo


Other key lawyers:

Carlo Gagliardi; Emanuela Sabbatino; Giuseppe Francesco Mirarchi; Antonella Barbato; Laura Tredwell


Testimonials

‘Deloitte has a top team – competent, responsive and available.’

‘Enthusiasm and competence are the main ingredients that make the team cohesive, collaborative and capable of undertaking daily work while sharing the same goals as the client.’

‘Always looking for the best solution for each individual client.’

‘Creative, dynamic environment – open to new ideas and always looking for innovative solutions.’

‘The firm’s family atmosphere is strongly present and facilitates interpersonal relationships and collaboration between colleagues from different departments.’

‘The sense of belonging to the firm is deeply felt by the majority of employees, who give their best on a daily basis.’

‘Very committed people. Always available to help and overcome problems.’

‘Calm, competent and available. The team is consistently reliable and provides sound, practical advice throughout the process.’

Key clients

LAB23


Peninsula Capital


FIEE SGR


Righi Group


Lux


Rino Mastrotto Group


Wise Equity SGR


B4 Investimenti SGR


Mercury13 HoldCo


Altea


Work highlights


  • Advised the founders of La Bottega on an investment into La Bottega’s group by investment firm Three Hills (through a series of corporate transactions).
  • Assisted Peninsula Capital with the acquisition of a 30% equity stake in Reforme (owner of the VeraLab brand).
  • Assisted FIEE SGR with the sale to international private equity funds Marguerite and Pioneer of all the corporate capital of Comat Servizi Energetici.

Eversheds Sutherland Associazione Professionale

Eversheds Sutherland Associazione Professionale fields experts in domestic and cross-border private equity, venture capital, financial M&A and reorganisation transactions. The team, which also assists portfolio companies throughout the lifetimes of investments, is co-led by M&A and private equity specialist Davide Proverbio and Alessandro Vischi, an adviser to private equity funds.

Practice head(s):

Davide Proverbio; Alessandro Vischi


Other key lawyers:

Giovan Battista Biondo; Giulia Zoccarato; Giuseppe Angiulli


Testimonials

‘Experience, taking care of clients’ needs, dedication, and fairness with clients and counterparts.’

‘Davide Proverbio is one of the best lawyers in Milan for private equity.’

‘Davide Proverbio has 30 years’ experience – very logical, clear communication skills, creative and good manners.’

Key clients

NEIP III Sicaf


EIC FUND


Barabino and Partners


Amundi


DGS


Dea Capital Alternative Funds


Ardonagh Group


ITAGO SGR


Eco Techno


Al Dahra Europe


Merlin Group


Autoliv Group


Ayming Group


Therminon Systems


Starbucks


Work highlights


  • Advised Ardonagh Group on the agreement for the acquisition of Mediass (Italian insurance brokerage company).
  • Advised DeA Capital Alternative Funds on the structuring, documentation and full execution of the acquisition of a majority stake in Magel and its Chilean subsidiary.
  • Advised ITAGO SGR (on behalf of the Itago IV fund) on the acquisition of a majority stake in Vernici Caldart.

Giliberti Triscornia e Associati

Covering the full spectrum of private equity deals, Giliberti Triscornia e Associati‘s practice covers fund formation and structuring, as well as M&A, LBOs, management incentive plans and exit strategies. Founding partner Alessandro Triscornia heads the Milan-based private equity department, which includes Francesco Cartolano, Edoardo Mistretta and Riccardo Coda.

Practice head(s):

Alessandro Triscornia; Francesco Cartolano; Edoardo Mistretta; Riccardo Coda


Other key lawyers:

Chiara Cella; Emilio Bettaglio; Elena Pierini; Matteo Acerbi; Giulio Santagada; Gianluca Grazioli; Giuseppe Cadel; Camilla Peri; Marco Bindella; Luigi Copetti


Testimonials

‘Full availability of the team.’

‘The team takes responsibility for moving deals forward and integrates well with clients.’

‘Francesco Cartolano and Chiara Cella are very capable and skilled. High levels of professionalism.’

‘Giulio Santagada always looks for solutions to problems and is a strong negotiator.’

‘Giulio Santagada works very closely with clients and gets to know their business well, enabling him to find opportunities to add value.’

Key clients

Permira Associati


F2i – Fondo Italiano per le Infrastrutture SGR


Quadrivio Group


Star Capital SGR


Iter Capital Partners


Mistral Holding


QCapital


Aksìa SGR


IPI Partners


SUN Capital Partners Group


Waterland PE


Bain Capital


Clessidra Private Equity SGR


Italmobiliare


Pillarstone


GHO Capital Partners


Culligan Group


BDT Capital Partners


Value Group


Work highlights


  • Advised Italian infrastructure fund F2i on the €1bn minority investment in a consortium (headed by KKR), which acquired Telecom Italia network assets.
  • Advising the Ferraioli Family (La Doria founders) on the creation (together with majority shareholder Investindustrial) of the Amalfi group (from the combination of La Doria and Winland Foods).
  • Advised Pillarstone on the divestment of the Sirti Group (in the context of an auction process).

Gitti and Partners

Advising at all stages of buyouts, Gitti and Partners fields specialists in both primary and secondary private equity transactions. The team’s assistance covers acquisitions, financings, post-closing issues, minority and majority shareholder relations, add-on processes and investor exits. Gregorio Gitti co-heads the group alongside Vincenzo GiannantonioStefano Roncoroni and Matteo Treccani.

Practice head(s):

Gregorio Gitti; Vincenzo Giannantonio; Stefano Roncoroni; Matteo Treccani


Other key lawyers:

Giacomo Pansolli; Camilla Ferrari; Cristina Cavedon; Jessica Fiorani


Testimonials

‘Very professional, timely, ready to engage at short notice, and pleasant to work with.’

‘Transparency, loyalty, skilful and commercial. Open minded.’

‘Outstanding and well-prepared professionals. Always available and ready to solve problems.’

Key clients

Alcedo SGR


Amundi SGR


Anima Alternative SGR


Capital Dynamics


Bencis Capital


Cleon Capital


CapVest Partners


Capza


Cereà Partners


Faro Sicav


Fondo Astorg


Group Wajsbrot


Hivest


Indigo Capital


IRI


Intermediate Capital Group (ICG)


Montefiore


Neva SGR


Orienta Capital Partners


Solferino Capital


Search Capital Partners


Swen Capital


Tinexta


Unigrains


LMCR

LMCR‘s team assists investment funds and businesses with investments involving majority and minority stakes. Its assistance covers early stages, future financing phases, venture capital and LBO and buy-in transactions. Massimo La Torre advises on extraordinary deals, and Roberto Rio advises private equity clients on M&A and corporate finance.

Practice head(s):

Massimo La Torre; Roberto Rio


Other key lawyers:

Angelo Romano; Elmar Zwick


Testimonials

‘Very collaborative and professional approach with clients.’

‘They are a true partner – always available when needed and they produce high-quality output.’

‘Clients are very impressed with Massimo La Torre for his experience and extremely commercial approach.’

Key clients

L Catterton


Trilantic Europe


Waterland Private Equity


Alto Partners


Fondo Italiano d’Investimento


FG2 Capital


Seven 2


Metrika SGR


Mindful Capital Partners


NB Aurora


McDermott Will & Emery Studio Legale Associato

McDermott Will & Emery Studio Legale Associato‘s team advises active private equity firms on acquisitions, investments and disposals. It also assists with establishing private equity funds. Ettore Scandale routinely handles significant private equity transactions, while Enrico Raso advises on multi-jurisdictional and real estate-related deals. Fabrizio Faina is another key practitioner.

Other key lawyers:

Ettore Scandale; Enrico Raso; Fabrizio Faina; Oscar Arcà


Key clients

Eatable Adventure


Claris Ventures SGR


Synergo Capital SGR


Schneider Electric


MyMeta


Abenex


Deliveristo


Ambienta SGR


Five Arrows Managers


Intescia Group


ES Vedra Capital Advisors


SilverTree Equity


Inspired


Work highlights


  • Advised Alkemia Capital Partners on a Series A investment in Soplaya, a rapidly expanding B2B-managed marketplace for food professionals.
  • Advised Inspired Education on a series of strategic transactions, including the acquisition of real estate properties in Monza and Como.
  • Advised Vuelta Productions on the acquisition of the entire capital of Indiana Productions.

Portolano Cavallo

Portolano Cavallo has significant sector specialisms in life sciences, healthcare and digital media tech. The firm expanded its practice during 2023 through the recruitment of private equity transaction specialists Gianpaolo Scandone and Andrea Gritti from Gatti Pavesi Bianchi Ludovici and Gianni & Origoni, respectively. Another key figure to note is Luca Gambini.

Practice head(s):

Andrea Gritti; Gianpaolo Scandone


Other key lawyers:

Luca Gambini; Antonia Verna


Testimonials

‘Strong position in specific industries like digital and healthcare.’

‘Industry focus and experience in M&A.’

‘Expertise in certain verticals – tech and healthcare.’

‘Portolano Cavallo’s team always provides competent legal advice.’

‘Andrea Gritti – exceptional professional, who is highly competent in M&A and gives full commitment to projects.’

‘Gianpaolo Scandone is a very competent lawyer with a good commercial aptitude.’