Autore: admun2023

Ughi e Nunziante partner Marcello Gioscia, senior associate Gianluigi Pugliese and associate Ginevra Orsini assisted International Shipyards Ancona (ISA) in a Euro 57 million medium term structured financing provided by a pool of banks and arranged by Unicredit Corporate Banking.

ISA specializes in the design, manufacturing and management of large yachts, and is 80% owned by Yachting Investors Group Ltd. (YIG), a private equity fund operating out of London and engaged in the pleasure craft industry.

In 2006 Ughi e Nunziante had assisted YIG in the takeover of ISA.

Ughi e Nunziante partner Roberto Leccese represented Fondo Mezzogiorno (Intesa Sanpaolo Group) in its 20% investment in Somacis.

The Somacis group is engaged in the manufacturing of printed cirquit boards and membrane keyboards, and had consolidated revenues of Euro 50 million in 2007.

Fondo Mezzogiorno, with committed capital of Euro 100 million, is managed by Sanpaolo Imi Investimenti per lo sviluppo SGR, a management company within the Merchant Banking Division of the Intesa Sanpaolo Group, and seeks investment opportunities in small and medium enterprises in the South of Italy with good know-how and growth potential. This is the tenth investment completed by Fondo Mezzogiorno, which was launched in 2003.

Ughi e Nunziante partner Roberto Leccese represented Fondo Mezzogiorno (Intesa Sanpaolo Group) in its 30% investment in Desmon.

The Desmon group is engaged in the manufacturing of equipment for the industrial refrigeration of food, and had profits of Euro 25 million in 2007.

Fondo Mezzogiorno, with committed capital of Euro 100 million, is managed by Sanpaolo Imi Investimenti per lo sviluppo SGR, a management company within the Merchant Banking Division of the Intesa Sanpaolo Group, and seeks investment opportunities in small and medium enterprises in the South of Italy with good know-how and growth potential. This is the ninth investment completed by Fondo Mezzogiorno, which was launched in 2003.

Ughi e Nunziante partner Giuseppe de Falco and associate Ginevra Orsini represented Unicredit Banca d’Impresa as mandated lead arranger of a bank syndicate, which included Barclays, Banca delle Marche and Banca Popolare di Lanciano e Sulmona, in the grant to Toto S.p.A. of financing for an aggregate amount of Euro 60 million.

The facility is meant to finance the design and construction work within the contract awarded to the Abruzzo based company for the development of the section between Sasso Marconi and Barberino di Mugello of the Milan-Naples Highway.

Ughi e Nunziante partners Giuseppe de Falco and Giovanni Bocciardo represented Unicredit Banca d’Impresa, Calyon and Intesa Sanpaolo as mandated lead arranger and joint bookrunner in the grant to Piaggio Aero of financing for an aggregate amount of Euro 200 million.

The transaction, which is structured as multiple facilities, has the dual purpose of improving the financial position of Piaggio Aero and supporting investments planned by the company for the next three-year period.