Linklaters Studio Legale Associato's ECM team of Italian, UK and US-qualified lawyers remains consistently sought out for high-profile deals in Italy. Recent examples include advising the joint global coordinators and joint bookrunners on the Lottomatica Group IPO. The practice is jointly led by Claudia Parzani, the current chair of the Italian Stock Exchange; and Ugo Orsini, who acts for major investment banks, financial institutions and corporations on capital markets transactions, including equity and equity-linked deals. At managing associate level, Francesco Eugenio Pasello also specialises in ECM transactions.
Legal 500 Editorial commentary
Collated independently by Legal 500 research team.
‘Linklaters has an exceptional ECM team - deep knowledge of capital markets law and regulations, and always knowledgeable and responsive.’
Hall of Fame
The lawyers at the very top of the profession, widely known and respected by peers and clients for their longstanding involvement in market-leading work.
Specialized in corporate matters, Claudia has assisted and advised many of the most important Italian and international banks and corporates in the context of complex extraordinary transactions and currently her main focus is on strategic and corporate governance issues and ESG-linked topics.
Rising stars
Francesco is a Corporate Counsel based in Milan, specializing in equity capital markets (ECM) and mergers and acquisitions (M&A), with a particular focus on public M&A, corporate governance, and listing rules-driven transactions. In the ECM sector, Francesco regularly advises clients on the entire range of ECM transactions, including initial public offerings (IPOs), secondary offerings, rights issues, accelerated bookbuilding offerings (ABBs), private placements, and equity-linked transactions (such as convertible and exchangeable bonds). Within the M&A arena, he has developed a specialization in takeovers (inclusive of hostile/unsolicited bids), public tender offers (mandatory, voluntary, or partial), private investments in public equity (PIPEs), as well as business combinations (including de-SPAC transactions), mergers, spin-offs and corporate reorganizations involving publicly listed entities. Additionally, Francesco provides ongoing advice to both listed and private companies on corporate governance, regulatory compliance, and general corporate law matters. His clientele includes investment banks, private equity firms, corporates, and other key stakeholders (such as, board members). Francesco is recognized in several legal directories, including Chambers Global, Chambers Europe and The Legal500, where clients praised his “right mix of subject matter competence, gravitas and empathy to guide clients and counterparties towards mutually acceptable compromises”, as well as his technical skills, positive attitude, responsiveness, and client focus. Prior to joining Linklaters, Francesco started his career at a leading Italian law firm, contributing to corporate and capital market transactions, including several listings on the AIM Italia (now, Euronext Growth Milan). His tenure included a secondment to the legal department of IDeA FIMIT SGR S.p.A. (now DeA Capital Real Estate SGR S.p.A.), where he broadened his experience in general corporate assistance and in dealing with the Italian regulators (CONSOB and Bank of Italy).
Next Generation Partners
Ugo is a corporate Partner based in Milan who regularly assists major investment banks, financial institutions and corporates on a variety of capital markets transactions, including equity and equity-linked transactions (e.g. convertible and exchangeable bonds), right issues and various debt deals. He assists both issuers and underwriters and has considerable experience in advising listed companies in establishing and maintaining effective corporate governance structures.
The lawyer(s) leading their teams.
Claudia Parzani, Ugo Orsini