PNSA

advised its long-standing client Magnetto Wheels on the negotiation of a

guarantee agreement under the framework of an €134m financing granted by IFC

and Cassa Depositi e Prestiti S.p.A.

Magnetto

Wheels is a subsidiary of CLN S.p.A., one of the leading international players

on the world market of metal forming and assembly of automotive components.

The

funding will be invested to further diversify the Group’s client portfolio,

acquire new orders in markets and sectors with high potential, and expand its

presence abroad, as a strategic supplier for leading car manufactures, in a

highly competitive sector.

PNSA

team included Alexandru Ambrozie (Partner), Codrin Luță (Managing Associate)

and Teodora Cazan (Senior Associate).

This

is the third significant transaction in which PNSA advised Magnetto Wheels and

CLN Group, following the €235m financing granted by a syndicated led by BNP

Paribas Milan Branch (2012); and the €200m financing granted by a syndicate led

by BNP Paris Italian Branch (2015).