Lawyer Monthly Magazine - September 2021 Edition

THE ITALIAN GUARANTEE LOAN FOR SIFI FUNDS & INVESTMENTS 92 WWW.LAWYER-MONTHLY.COM | SEP 2021 ABOUT THE DEAL Carbonetti e Associati advised SIFI, an Italian ophthalmic pharmaceutical company that provides solutions for the treatment of eye diseases, on a loan granted by a pool of five banks (assisted by Simmons & Simmons) and backed by the Italian Guarantee issued by SACE. The aim of the measure was to provide support for the business as part of Italy’s post-pandemic recovery. The transaction, which came to a total of €34.4 million, involved Banco BPM as agent bank, custodian bank and SACE Agent, as well as Intesa Sanpaolo, Banca del Mezzogiorno - Mediocredito Centrale, Creval, BPER and Banco BPM itself as arranger banks, bookrunners and lending banks. Carbonetti e Associati assisted SIFI with a team led by managing partner Fabrizio Carbonetti and including associate Matteo Morselli. Simmons & Simmons assisted the pool of lenders with a team comprising partner Davide D’Affronto, managing associate Fabrizio Nebuloni and trainees Francesco Burla and Luigi Terenzio Trigona. TRANSACTIONS Adviser to the lenders Legal Adviser to SIFI