With the arrival of ex-Ashurst partner Mario Lisanti and members of his team in May 2025, LMS Studio Legale acts for banks, private credit providers and other lenders on real estate, acquisition, corporate and various other types of debt financing arrangements.
Banking and finance: lender or arranger side in Italy
LMS Studio Legale
Studio Legale Delfino e Associati Willkie Farr & Gallagher LLP
Studio Legale Delfino e Associati Willkie Farr & Gallagher LLP brought on Giulio Tognazzi in 2024 to lead its lender-side offering, which handles refinancing and debt restructuring, and ESG, energy and infrastructure project financing, as well as structured finance and syndicated transactions.
Chiomenti
Chiomenti‘s debt finance offering truly runs the gamut. Co-lead Giulia Battaglia specialises in debt financing transactions as well as restructuring, bankruptcy and insolvency proceedings and energy sector procurement, and fellow co-lead Gianrico Giannesi focuses on structured finance and derivatives, non-performing assets and more. Co-head Davide D’Affronto brings experience in leveraged and acquisition finance, various debt transactions, RE financing, PE, and more to the table, and Giorgio Cappelli‘s practice encompasses securitisation, debt consolidation, guaranteed bank bonds and more. Gregorio Consoli focuses on international transactions, co-head Carola Antonini handles energy matters, and Marco Cerritelli is able to advise on syndicated lending and matters involving public law. Maria Ilaria Griffo, who advises banks and other lenders on a variety of financing matters, and Nicholas Lasagna are also noted.
Responsables de la pratique:
Giulia Battaglia; Gianrico Giannesi; Davide D’Affronto; Carola Antonini
Autres avocats clés:
Girolamo D’Anna; Maria Ilaria Griffo; Alessandro Elisio; Gregorio Consoli; Andrea Martino; Angelo De Michele; Fabrizio Nebuloni; Nicholas Lasagna; Giorgio Cappelli; Marco Cerritelli
Les références
‘Chiomenti consistently shows great knowledge and capabilities together with deep knowledge of the market and of prevalent market structures. Throughout the negotiation phase, they effectively supported lenders in finding the best possible solution, in a very balanced way, defending lenders’ position but flagging whether certain risks could be accepted.’
‘Working with Carola Antonini is always a pleasure, she is very outspoken yet elegant, delivering difficult messages in a very unique way.’
‘Girolamo D’Anna has been consistently available and on top of everything throughout the process, keeping the rhythm and the flow going in a very challenging timeframe.’
Principaux dossiers
Gianni & Origoni
Sought out for advice on big-ticket syndicated loans, and real estate and project financing as well as structured finance, securitisations, sustainability-linked transactions and debt restructurings, the team at Gianni & Origoni is jointly led by a team of three: energy and infrastructure finance specialist Ottaviano Sanseverino, Matteo Bragantini, who assists with a wide array of financing transactions in Italy and beyond, and Giuseppe De Simone, who handles financings, restructuring transactions, structured finance, and IPO, real estate and NPL deals. Eduardo Fiordiliso is called on for various financing and lending instructions, and ‘one-of-a-kind’ energy, infrastructure and TMT project financing specialist Arrigo Arrigoni is another key figure in the operation. Ilaria Laureti handles structured finance, LBOs, debt restructuring and more, and Piergiorgio Picardi is engaged to advise on a broad spectrum of transactions.
Responsables de la pratique:
Matteo Bragantini; Giuseppe De Simone; Ottaviano Sanseverino
Autres avocats clés:
Eduardo Fiordiliso; Arrigo Arrigoni; Ilaria Laureti; Piergiorgio Picardi; Maria Panetta; Martina Morandi
Les références
‘Our institution had the pleasure to work with two senior partners (Arrigo Arrigoni and Ottaviano Sanseverino) in a complex project finance transaction. Once again, we greatly appreciated their availability to provide a balanced approach between the different parties involved, with a view to identify risks and find suitable solutions without jeopardising the entire deal. They brought plenty of experience and were always available in spite of the very tight deadlines. In the end, we managed to execute a sound transaction on time.’
‘What sets GOP apart is its consistently high level of commercial awareness, client responsiveness, and deep sector expertise. The team combines top-tier legal acumen with a collaborative approach that makes them not just advisors, but true business partners. Unlike many firms that operate in silos, GOP fosters cross-practice integration which is evident in the way they handle complex transactions. We’ve been working with GOP for over 10 years and have always had outstanding results.’
‘One individual in particular I’d like to mention is Martina Morandi, from the Milan office. She’s been an absolute star on our transactions. Not only is she efficient, and easy to work with, but she’s also very much into the details, precise where need be and vital to the transactions.’
Principaux clients
Allianz
Banco Santander S.A.
BNP Paribas
CDP
EIB
IGS
ING Bank N.V.
Intesa Sanpaolo S.p.A.
Nord/LB Norddeutsche Landesbank
Rabobank
Société Générale
UniCredit
Principaux dossiers
- Assisted a pool of over 35 lenders including Banco BPM, BNP Paribas, CDP, Crédit Agricole, ING, Intesa Sanpaolo, Santander, Société Générale, Unicredit, BPER, BayernLb, KfW and MPS, as core lenders, in the structuring, drafting and negotiation of a transaction for the increase and restatement of the financing granted to Open Fiber in 2022 for the development of an ultra-broadband network and related fibre optic infrastructures in Italy.
- Assisted Cassa Depositi e Prestiti (Cdp) in its agreement with Mediocredito Centrale to provide €4.3 billion in financing to SMEs.
- Assisted the European Investment Bank in the context of the amendment, restatement and supplement to a financing granted by a pool of commercial and institutional lenders up to € 1.7 billion (of which approx. € 544 million was granted by the EIB) aimed at financing sections of the Autostrada Pedemontana Lombarda toll motorway.
Latham & Watkins LLP
Under the leadership of seasoned leveraged finance specialist Marcello Bragliani, the team at Latham & Watkins LLP advises prominent Italian and international lenders of various types on big-ticket financing transactions involving a wide array of products, from acquisition finance and refinancing to complex private credit deals. Working alongside Bragliani is Antongiulio Scialpi, a key contact for public-to-private transaction financing as well as acquisition finance, and Alessia De Coppi, who handles cross-border financings and bespoke deal structures. Erika Brini Raimondi plays a key role on a myriad of transactions.
Responsables de la pratique:
Marcello Bragliani
Autres avocats clés:
Antongiulio Scialpi; Alessia De Coppi; Erika Brini Raimondi; Davide Camasi; Nicola Nocerino
Les références
‘Marcello Bragliani is very knowledgeable in his sector. Good commercial mindset. Goes the extra mile.’
‘The team work well together, with a good level of partner involvement and a good allocation of the work to associates and senior associates. The team have a very good knowledge of the Italian market. They are very thorough and work in a very client-friendly manner.’
‘Marcello Bragliani, Davide Camasi and Nicola Nocerino – a very good team, very well managed and very well-trained! They are incredibly responsive and they are our preferred Italian counsel!’
Principaux clients
BNP Paribas
Unicredit S.p.A.
Farallon Capital Europe
Barclays
CVC Credit Partners
Banca Sella S.p.A
Intesa Sanpaolo S.p.A
Deutsche Bank S.p.A.
Natixis
Tikehau Investment Management
UBS Investment Bank
Crédit Agricole CIB
J.P. Morgan
Goldman Sachs
Bank of America
Edmond De Rothschild
Anima Alternative SGR
Banca Ifis S.p.A.
Banque Nomura France
BPER Banca
KKR Credit Advisors
Oak Hill Advisors
Principaux dossiers
- Advised the lenders on the financing for Ardian’s acquisition of a majority stake in Masco Group.
- Advised the initial purchasers on the financing aspects connected to the offering of €170 million aggregate principal amount by way of a private placement by Ourvita/Farmaceutici Procemsa S.p.A. Società Benefit.
- Advised UniCredit and a pool of lenders in connection with the refinancing of certain existing debt of Eataly S.p.A.
Legance - Avvocati Associati
Active across a range of financing transactions, including acquisition and structured finance and deals involving traditional banks and alternative lenders, Legance - Avvocati Associati‘s practice is jointly led by banking, structured finance and DCM specialist Andrea Giannelli and Monica Colombera, who focuses on energy and infrastructure project financing. Luca Autuori handles debt restructuring among other matters, and Guido Iannoni Sebastianini is noted for his assistance in novel financing transactions in the sectors of energy, industrial businesses and banking. Tommaso Bernasconi assists clients with navigating debt secondary market trading, structured finance issues, and insolvency and restructuring matters. Antonio Palazzolo focuses on energy and infrastructure, as does Ilaria Rosa, and Simone Ambrogi concentrates on PPPs. Giovanni Scirocco handles tenders and complex project finance issues.
Responsables de la pratique:
Andrea Giannelli; Monica Colombera
Autres avocats clés:
Filippo Ruffato; Antonio Siciliano; Luca Autuori; Guido Iannoni Sebastianini; Tommaso Bernasconi; Antonio Palazzolo; Simone Ambrogi; Antonio Gerlini; Giovanni Scirocc; Ilaria Rosa
Les références
‘The team is proactive, always meets deadlines and always strives to meet the client’s needs.’
‘Giovanni Scirocco has extensive experience and always manages to balance the client’s requests with those of the other party during negotiations. His knowledge of project finance and focus on renewable energy are remarkable.’
‘Great professionalism and in-depth knowledge of the infrastructure team.’
Principaux clients
Banco BPM S.p.A.
BPER Banca S.p.A.
Cassa Depositi e Prestiti S.p.A.
Crédit Agricole CIB
European Investment Bank (EIB)
Intesa Sanpaolo Group
Mediobanca – Banca di Credito Finanziario S.p.A.
UniCredit S.p.A.
Banco BPM S.p.A.
BPER Banca S.p.A.
Cassa Depositi e Prestiti S.p.A.
Crédit Agricole CIB
European Investment Bank (EIB)
Intesa Sanpaolo Group
Mediobanca – Banca di Credito Finanziario S.p.A.
UniCredit S.p.A.
Principaux dossiers
PedersoliGattai
The busy practice at PedersoliGattai assists private credit firms, banks, and other lenders with executing a wide spectrum of debt finance deals. ‘Pragmatic’ co-head Maura Magioncalda’s broad sphere of expertise includes structured finance transactions, and fellow co-head Lorenzo Vernetti takes on a varied array of leveraged finance transactions, capital markets deals and debt restructuring work. The final member of the leading trio Gaetano Carrello focuses on debt and restructuring matters. Working with them are Gian Luca Coggiola, who is experienced in complex cross-border transactions, and Consuelo Citterio, who is well-acquainted with various debt financing products. Federico Tropeano is another name to remember.
Responsables de la pratique:
Gaetano Carrello; Maura Magioncalda; Lorenzo Vernetti
Autres avocats clés:
Gian Luca Coggiola; Consuelo Citterio; Silvia Pasqualini; Michele Parlangeli; Nicola Gaglione; Federico Tropeano; Marcello Legrottaglie; Alessandra De Cantellis
Les références
‘I’ve had the opportunity to work with PedersoliGattai on several complex restructuring matters, and I’ve always been impressed by the team’s depth of expertise and their ability to navigate challenging situations with clarity and pragmatism. They understand the nuances of distressed scenarios and are able to offer solutions that are both legally sound and commercially viable. What really sets them apart is their ability to manage negotiations involving multiple parties in a way that keeps things constructive and focused.’
‘Maura Magioncalda brings a rare combination of strategic thinking and deep legal knowledge. Her ability to lead complex negotiations with clarity and authority has been instrumental in several situations. She’s pragmatic, highly responsive, and always focused on finding workable solutions.’
‘Alessandra De Cantellis is extremely well-prepared, attentive, and proactive. Her contributions go beyond execution—she adds real value to the process, often anticipating issues and helping to resolve them before they escalate.’
Principaux clients
Goldman Sachs
Morgan Stanley
JP Morgan
BNP Paribas
UniCredit
IntesaSanpaolo
Ardian
Bain Capital
CVC Capital Partners
Investindustrial
Principaux dossiers
- Advised Teamsystem on a senior secured bond loan.
A&O Shearman
The debt finance team at A&O Shearman is jointly led by Pietro Scarfone, Stefano Sennhauser and leveraged finance specialist Diego Esposito, who arrived from Linklaters Studio Legale Associato in July 2025. Advising banks, private equity and alternative investment funds, pools of lenders and others, the group works on transactions in sectors such as healthcare and pharma, and navigates real estate and infrastructure projects in the hotels and hospitality arena, where Scarfone focuses. Marco Mazzola assists clients across a range of financing products and real estate financings. Luca Maffia left the team in September 2025.
Responsables de la pratique:
Diego Esposito; Pietro Scarfone; Stefano Sennhauser
Autres avocats clés:
Marco Mazzola
Les références
‘The lawyers we have worked with, namely Stefano Sennhauser and Marco Mazzola, are (in their relevant roles) very experienced and professional, with a deep knowledge of the market (and relevant structures used internationally). Always available to answer exhaustively about any doubt. They are very proactive in helping us to find possible solutions when we are stuck with the client on specific topics.’
‘Diego Esposito stands out as a key partner. Always available, well-rounded knowledge, vast experience in different transactions on both sides, strong network, rapid follow-ups, exceptional connections.’
‘A&O Shearman has a very good reputation as one of the best international law firms active in Italy. They place great importance on client service, making sure the right person is always allocated to the deal. It’s a top-quality team with an all-round attention to detail and a commercial, pragmatic approach.’
Principaux dossiers
- Advised Mediobanca, Intesa Sanpaolo, UniCredit, and a pool of 22 banks in the context of an EUR2.9 billion refinancing signed by Nexi.
- Advised the banks on the financing to support the acquisition by Ares Management Corporation of a 20% stake in Eni Plenitude S.p.A. Società Benefit, controlled by Eni, for a total value of approximately EUR2 billion.
- Advised a consortium of seven banks on a EUR990 million senior secured notes offering issued by DOC Pharma and on its new EUR150m multi-currency revolving credit facility.
Ashurst
With a strong presence in energy and infrastructure project finance, the team at Ashurst is led by Riccardo Rossi, and advises clients on core banking and debt finance products, handling high-value portfolio financing, leveraged finance, securitisations, club deals, bilateral financings and various other structured finance transactions. Carloandrea Meacci focuses on energy and infrastructure financing, and Umberto Antonelli advises on the structured, corporate and capital markets financing of projects in Italy and overseas. Luca Maria Chieffo is experienced in alternative lending, and real estate and acquisition financing, and Nicola Toscano is another name to note.
Responsables de la pratique:
Riccardo Rossi
Autres avocats clés:
Carloandrea Meacci; Umberto Antonelli; Luca Maria Chieffo; Nicola Toscano
Les références
‘The team is extremely professional and supportive. They provide continuous assistance and have demonstrated the ability to successfully handle complex cross-border operations.’
‘Ashurst’s banking team stands out for its rare combination of deep technical expertise, commercial pragmatism, and sector‑specific insight. The team doesn’t just execute transactions — they understand the commercial drivers behind them. They take the time to learn the nuances of each client’s business model and strategic objectives, which means their advice is not only legally robust but also aligned with market realities and growth ambitions.’
‘Carloandrea Meacci is a standout figure in the Italian market for project finance and infrastructure transactions. His ability to combine technical precision with a pragmatic, solutions‑driven approach has been instrumental in delivering landmark deals, including multi‑jurisdictional renewable energy portfolios and strategic infrastructure acquisitions. Carloandrea’s calm authority, commercial acumen, and skill in navigating regulatory and contractual complexities set him apart from competitors.’
Principaux clients
Anima Alternative sgr
Ares Management Infrastructure Debt Funds
ARES Private Equity
Banco BPM
Banca ifis S.p.A.
Banca Monte dei Paschi di Siena
BNP Paribas
BPER Banca
Cassa Depositi e Presititi S.p.A.
Crédit Agricole Italia
Deutsche Bank
European Investment Bank
ICG
Illimity Bank
Infranity
ING Bank
Intesa Sanpaolo
Natixis
MPS Capital Services
Société Générale
UniCredit
Principaux dossiers
- Advised a consortium of banks, including JP Morgan, UniCredit, Intesa Sanpaolo, Banco BPM and Banca Monte dei Paschi di Sien,a along with Cassa Depositi e Prestiti S.p.A. and Banca Europea per gli Investimenti (EIB), on a €1.7 billion project financing for the construction of the new works of the Lombardy region Pedemontana Lombarda toll road project.
- Assisted a pool of lenders, which included Banco BPM S.p.A., Bayerische Landesbank, BPER Banca S.p.A., Crédit Agricole Corporate and Investment Bank Milan Branch, Crédit Agricole Italia, Deutsche Bank AG, Eurobank Private Bank Luxembourg S.A., ING Bank N.V. Milan Branch, Intesa Sanpaolo S.p.A., KfW IPEX-Bank, Societe Generale Milan Branch and UniCredit, with the €800 million refinancing of IGS SpA.
- Assisted a pool of lenders in the €1 billion sustainability-linked financing granted to FNM.
BonelliErede
The project and real estate finance-focused offering at BonelliErede is led by Catia Tomasetti, who has particular experience in energy and infrastructure projects in Africa and the Middle East. Public tenders, acquisition finance, and structured and corporate finance are further key workflows. Gabriele Malgeri handles project finance. Giuseppe Sacchi Lodispoto’s remit includes debt restructuring, financial litigation and non-contentious financing work, and Giorgio Frasca concentrates on tenders, public works and services, as does energy and infrastructure-focused Daniela De Palma. Emanuela Da Rin left the team and Andrea Novarese and Francesco Pirisi joined from Gatti Pavesi Bianchi Ludovici in October 2025.
Responsables de la pratique:
Catia Tomasetti
Autres avocats clés:
Gabriele Malgeri; Giuseppe Sacchi Lodispoto; Giorgio Frasca; Daniela De Palma; Andrea Novarese; Lucia Vittoria Lonoce; Francesco Pirisi
Les références
‘The BonelliErede team is highly qualified, precise, and collaborative. Their high level of specialisation in their specific sector and comprehensive support across various aspects (fiscal, tax, administrative, etc.) are their key strengths.’
‘I often work with an energy team composed of Giorgio Frasca and Lucia Vittoria Lonoce, led by Catia Tomassetti. These people are very collaborative, available, and supportive in every situation, striving to find solutions while taking into account commercial, interpersonal, and other aspects. I have great faith in their opinions and support.’
‘Totally focused on the deal. In crucial times, they are always available, night and day. The support is continuous and this gives a great sense of confidence in them.’
Principaux clients
Banca Finint
Banca Popolare dell’Alto Adige
BNL
ING Bank
SACE
UniCredit
Principaux dossiers
- Assisted two pools of lenders in two facilities agreements (junior HoldCo financing and senior financing) granted to partially support the payment of the takeover bid on Salcef Group’s ordinary shares, aimed at the delisting of Salcef Group S.p.A. from the Euronext Star Milan, promoted by funds managed by Morgan Stanley Infrastructure Partners and Finhold.
- Assisted a pool of financial institutions and SACE S.p.A. in the financing of approximately EUR 32 million granted to Neutalia S.r.l. for the financing of, among others, the revamping costs of a waste-to-energy power plant located in the Municipality of Busto Arsizio, Lombardy Region, Italy.
- Assisted UniCredit S.p.A. in the financing for an amount equal to approximately EUR 60 million granted to PLT REs S.r.l. for the financing of, among others, the construction and development costs of a portfolio, divided into two clusters and with an aggregate power capacity of approximately 68 MW, composed of 11 photovoltaic projects to be developed in Italy.
Clifford Chance
A wide spectrum of transactions for lenders and arrangers are entrusted to the banking and finance offering at Clifford Chance. Giuseppe De Palma, who boasts experience in real estate finance, restructuring, and leveraged, acquisition and export finance, co-leads the group alongside Charles Adams, who handles cross-border syndicated lending, project finance and leveraged finance transactions. Gianluca Fanti advises banks and alternative funds on banking, debt restructuring and lending matters, as well as advising on transactions collateralised by esoteric asset classes. Other team members include key infrastructure finance contact Chiara Commis, real estate specialist Paolo Ballerini, and Filippo Tassoni, who focuses on publicly supported finance transactions. Giuseppe Barra Caracciolo is experienced with securitisation structures. Ferdinando Poscio departed in June 2025.
Responsables de la pratique:
Giuseppe De Palma; Charles Adams
Autres avocats clés:
Gianluca Fanti; Chiara Commis; Paolo Ballerini; Filippo Tassoni; Lucio Bonavitacola; David Neu; Riccardo Coassin; Giuseppe Barra Caracciolo
Principaux clients
Intesa Sanpaolo
Natixis
Banco Santander, S.A.
SACE
BNP Paribas
Deutsche Bank
ING
Crédit Agricole CIB
Assimoco
Banca Iccrea
J.P. Morgan
Cassa Depositi e Prestiti
CBRE Investment Management SGR p.A.
Banca Generali S.p.A.
UniCredit S.p.A.
Ambienta
Nadara
Principaux dossiers
Dentons
With capabilities across commercial lending, structured finance, DCM, and project and infrastructure finance, the team at Dentons works under the leadership of seasoned practitioner Alessandro Fosco Fagotto, serving leading Italian banks, financial institutions and private credit providers. The group, which is engaged to support clients on ESG-related and leveraged finance deals, includes Pierandrea Bonali, who focuses on real estate finance, and the ‘exceptional’ Luigi Costa, who comes highly recommended for project financing in Italy and beyond. Edoardo Galeotti‘s practice hinges on real estate and fund finance.
Responsables de la pratique:
Alessandro Fosco Fagotto
Autres avocats clés:
Pierandrea Bonali; Luigi Costa; Edoardo Galeotti; Ginevra Biadico; Antida Cutuli
Les références
‘Luigi Costa has exceptional abilities that enable him to balance legal requirements with commercial practice.’
‘Alessandro Fosco Fagotto is a unique lawyer. Super professional, always available, and super empathetic and more than able to face any negotiation.’
‘Pierandrea Bonali is in my opinion one of Italy’s foremost real estate finance lawyers, consistently praised for his technical acumen and leadership in high‑profile transactions. He and his team (in particular Antida Cutuli) provide a highly valuable hands-on engagement across all deal stages and consistently deliver innovative and practical solutions with strong client communication.’
Principaux clients
Ambienta SGR
Amco
Anthilia Capital Partners SGR
Arcmont Asset Management
Azimut Investments
BPER Banca
Banca Ifigest
Banca Ifis
Banca Monte dei Paschi di Siena
Banca Sella
Banco BPM
BNL BNP Paribas
Carlyle Global Credit
Cassa depositi e prestiti (CDP)
Cherry Bank
Crédit Agricole
Deutsche Bank
Equita Capital SGR
Eurazeo
European Bank of Investments (EIB)
Green Arrow Capital
H.I.G. Capital
Iccrea Banca
illimity Bank
Intesa Sanpaolo
Mediobanca
Mediocredito Centrale – Banca del Mezzogiorno
Merito SGR
Muzinich & Co. SGR
Natixis Corporate and Investments Bank
Piraeus Bank
SACE
Solution Bank
Sparkasse
UniCredit
Tages Credit Fund
Tenax Capital
Principaux dossiers
- Assisting Mediobanca, Intesa Sanpaolo, BPER Banca, Crédit Agricole Italia and Banco BPM in the €145 million financing granted to Acinque, backed by a SACE Archimede guarantee.
- Assisting funds managed by Arcmont Asset Management Limited, Carlyle Global Credit Investment Management and Natixis S.A in the €470 million refinancing of Bianalisi’s financial indebtedness.
- Assisting a pool of banks with a € 170 million medium-term financing granted to closed-end real estate alternative investment fund Fondo Star managed by Castello SGR.
Hogan Lovells International LLP
Hogan Lovells International LLP‘s debt finance practice features Iacopo Canino, a well-regarded leveraged finance expert; Bianca Caruso, whose broad skill set includes direct lending and private credit transactions; Carlo Massini, who is engaged by clients for various financing transactions from real estate finance to acquisition finance and international trade deals; and seasoned managing partner Patrizio Messina, whose remit spans banking, structured finance and M&A. In addition, Mauro Saccani comes highly recommended for distressed or pre-distressed financing contexts, Alessandro Accrocca supports clients in navigating general lending and various sophisticated facilities and ESG matters, and Sabrina Setini is another key name.
Responsables de la pratique:
Alessandro Accrocca; Iacopo Canino; Bianca Caruso; Carlo Massini; Patrizio Messina; Mauro Saccani; Sabrina Seti
Les références
‘Bianca Caruso is a highly skilled and competent professional. Her strong negotiation abilities and deep understanding of deal dynamics consistently lead to successful outcomes. She manages both the transaction and the client relationship with exceptional care, attention to detail and strategic insight. Working with her is always a guarantee of quality and professionalism.’
‘Bianca Caruso is the combination of technical excellence, problem-solving skills, and unwavering reliability — she delivers clarity and precision on every deal. Our experience working together has been consistently excellent. She is a reliable partner who combines outstanding technical knowledge with a rare ability to solve complex problems quickly and effectively. She is precise and exhaustive in the way she delivers her work, ensuring that no detail is overlooked, while always presenting solutions that are both clear and practical.’
‘I had the pleasure to work with Mauro Saccani and his team. Throughout a challenging and long negotiation, their independent judgement and unbiased advice have been crucial. They remained objective, and consistently acted in the best interest of the process.’
Principaux dossiers
Linklaters Studio Legale Associato
The group at Linklaters Studio Legale Associato works under the direction of Francesco Faldi, a seasoned banking and finance lawyer whose broad practice encompasses various workflows covered by the team, from acquisition, leveraged and syndicated financing, to real estate finance, high-yield transactions, restructuring and more. He is supported by the ‘very strong’ Marco Carrieri, a key name for leveraged and acquisition finance and syndicated lending, and Alessandra Ortelli, who is brought in on a range of domestic and cross-border deals. Ettore Consalvi comes highly recommended for his ‘extraordinary commitment to delivering high-quality work’. Diego Esposito departed in June 2025, and Alessandro Nolet relocated to Milan from the Hong Kong office in May the same year.
Responsables de la pratique:
Francesco Faldi
Autres avocats clés:
Marco Carrieri; Alessandra Ortelli; Ettore Consalvi; Benedetta Marino; Filippo Azzano; Sara Giugiario; Alessandro Nolet; Maria Chiara De Biasio
Les références
‘Ettore Consalvi is super knowledgeable in his sector and always available. Thinks out of the box.’
‘Unique firm able to offer very good quality across all financing processes, loans, bonds and restructurings. High-quality 360-degree service. Always available and responsive with innovative solutions.’
‘Ettore Consalvi – very strong partner in leading restructuring processes and loan processes. Marco Carrieri is very strong.’
Principaux dossiers
- Advised BNP and UniCredit as Initial Purchasers with respect to the issuance by Nexture S.p.A. of a €425m NY law governed HY bond due 2032.
- Advised Deutsche Bank and Diameter Capital as direct lenders in connection with a refinancing transaction of certain existing indebtedness of DentalPro.
- Advising the lenders in connection with a €325m bridge-to-bond to support the acquisition by doValue of Coeo.
White & Case (Europe) LLP
Banks, private credit providers and other lenders trust White & Case (Europe) LLP to advise on an array of debt financing products, from leveraged finance and LBOs to export, mezzanine and hybrid debt financing. The group is also sought out for guidance on sustainability-linked loans and acquisition finance, as well as financing for projects, infrastructure and utilities. Practice co-head Stefano Bellani is well-versed across leveraged finance, private investments, preferred equity, warrants, high-yield bonds and project finance. Fellow co-head Francesco Scebba handles securitisations and special situations, deals involving public entities, and distressed transactions. Luca Maffia, who has a focus on leveraged and acquisition finance, joined from A&O Shearman in September 2025.
Responsables de la pratique:
Stefano Bellani; Francesco Scebba
Autres avocats clés:
Luca Maffia
Principaux dossiers
ADVANT Nctm
Giovanni de’ Capitani di Vimercate leads the offering at ADVANT Nctm, a trusted resource for banks and corporate lenders navigating various financing transactions, notably those related to shipping and transport. Stefano Padovani focuses on extraordinary transactions, structured finance, debt restructuring, and acquisitions and disposals of non-performing exposures, and the ‘simply outstanding‘ Eugenio Siragusa‘s remit spans domestic and international project financing. Alfredo Lizio is a specialist in shipping and aviation finance, structured finance, lease or sale and lease-back, time charter agreements and various other deal types. Roberto de Nardis di Prata covers the real estate sector and deals backed by public guarantees and bond issuances. Giuseppe Buono is another key name in the group. In March 2026, Antonio La Porta joined the practice from BonelliErede.
Responsables de la pratique:
Giovanni de’ Capitani di Vimercate
Autres avocats clés:
Stefano Padovani; Eugenio Siragusa; Alfredo Lizio; Roberto de Nardis di Prata; Giuseppe Buono; Bianca Macrina; Antonio La Porta
Les références
‘As a client, I appreciate how NCTM’s lender practice combines technical excellence with a very pragmatic approach. The team understands the dynamics of the market, anticipates issues, and is always accessible and solution-oriented. They stand out from other firms by being both highly skilled and genuinely collaborative, which makes them a true partner rather than just a service provider.’
‘What I value most in the individuals at NCTM is their mix of technical precision and a commercial mindset. They stand out from competitors by being proactive, pragmatic, and always available, turning complex issues into clear, workable solutions. What really makes the difference is their responsiveness and genuine commitment to supporting us as a partner, not just an advisor.’
‘Professionalism, timeliness and availability.’
Principaux clients
US Bank National Association
Goldman Sachs International
UniCredit S.p.A.
Deutsche Bank
BNL – BNP Paribas
Intesa Sanpaolo S.p.A.
Arrow Capital
Illimity Bank
HSBC
Deutsche Bank
Banco BPM
Credit Agricole
BPER Banca
Cassa depositi e prestiti
Principaux dossiers
- Advising a syndicate of major Italian and international banks (Intesa Sanpaolo, UniCredit, Banco BPM, Banca Monte dei Paschi di Siena, BPER Banca, Arab Bank Plc – Milan Branch, Mediocredito Centrale, and Banca Popolare di Bari) in connection with an EUR 200 million revolving credit facility and related finance documentation.
- Advised a syndicate of lenders (Banca Nazionale del Lavoro S.p.A., Intesa Sanpaolo S.p.A., UniCredit S.p.A., Crédit Agricole Italia S.p.A., Banco BPM S.p.A., and Cassa Depositi e Prestiti S.p.A.) in connection with an EUR 170 million medium-to-long-term loan granted to Feralpi Siderurgica S.p.A.
- Advised NorthStar Digital (HK) Ltd., as lender, in the first instance in connection with an EUR 100 million cross-border bridge-to-bond financing transaction involving a secured loan granted to Alps US, LLC, a controlled company of Alps Blockchain S.p.A.
CBA Studio Legale e Tributario
Key areas of focus for the group at CBA Studio Legale e Tributario include real estate finance, acquisition finance, project finance and structured finance transactions, including LBOs and transactions involving NPLs. Led by Francesco Dialti, a lawyer known for shipping finance and other debt financing transactions, the team works with domestic and foreign banks as well as alternative credit providers. Daniela Sorgato is a key port of call for debt restructuring and judicial proceedings, and Vincenzo Cimmino‘s practice encompasses RE, project and structured finance.
Responsables de la pratique:
Francesco Dialti
Autres avocats clés:
Daniela Sorgato; Vincenzo Cimmino; Valentina Bombino; Lucrezia Ghezzi
Les références
‘What makes this practice truly unique is the strength and cohesion of the team behind Francesco Dialti. The broader team consistently demonstrates a high level of professionalism and collaboration. Their ability to work seamlessly together means that the partner does not need to be involved in every detail of the day-to-day, without compromising on quality or responsiveness. They also maintain a very reasonable pricing structure without compromising on the quality of their work—something that is increasingly rare and highly valued.’
‘One of the qualities I most value in Francesco Dialti, apart from his high level of professionalism, is his consistent willingness to collaborate through practical and solution-oriented approaches. What truly sets him apart is its ability to facilitate mutual understanding between parties in a fast and approachable manner. He demonstrates a deep knowledge of the client’s internal requirements and shows great respect for them, which makes his support not only efficient but also highly aligned with our internal processes.’
‘Francesco Dialti is the professional I work with most – always efficient, fast, and highly competent. He’s always up-to-date, has great client service, and is proactive.’
Principaux clients
Banco BPM
CaixaBank, S.A.
Iccrea Banca
Sparkasse – Cassa di Risparmio di Bolzano
SACE
Banca di Credito Cooperativo di Roma
Cassa Centrale Raiffeisen dell’Alto Adige SpA
Banca d’Alba Società Cooperativa
Monte Bianco
JP Morgan
Principaux dossiers
- Advising JPMorgan Chase Bank, N.A., in its role as administrative agent, joint lead arranger and global coordinator of a global syndicate of financial institutions, in connection with a USD 4.5 billion unsecured revolving credit facility granted to Carnival Corporation and Carnival plc.
- Advising Banca di Credito Cooperativo di Alba, Langhe, Roero e del Canavese Società Cooperativa in relation to a financing granted to Azienda Consortile Mercato Ortofrutticolo del Roero.
- Advising Banco BPM S.p.A. in relation to a financing transaction in favour of Silver Fir Capital SGR S.p.A., in its capacity as management company of the reserved alternative real estate fund named “SARDINIA HEALTH & RESEARCH PROPERTY FUND”, to allow for recovering part of the investment made into the real estate assets for hospital use located in the Municipality of Olbia (SS).
DLA Piper
With expertise in green financing, real estate and project financing and more, the large offering at DLA Piper is led by Luciano Morello, whose remit spans energy project financing, capital markets and structured finance transactions and more. ‘Amazing lawyer’ Giampiero Priori focuses on corporate finance and projects, Giuseppe Mele handles real estate and leveraged finance, and Giovanni Ragnoni Bosco Lucarelli concentrates on cross-border project finance, and acquisition and RE transactions. Federico Zucconi Galli Fonseca leads on acquisition and project finance matters, and Ugo Calò assists clients with navigating transport and other project finance deals, and acquisition and real estate financing transactions. Antonio Lombardo departed in June 2025.
Responsables de la pratique:
Luciano Morello
Autres avocats clés:
Giampiero Priori; Giuseppe Mele; Giovanni Ragnoni Bosco Lucarelli; Federico Zucconi Galli Fonseca; Ugo Calò; Agostino Papa; Riccardo Pagotto; Claudio D’Alia; Ivano Antonio Sproviero; Silvia Ravagnani
Les références
‘The team is extremely knowledgeable and meticulous. They are very familiar with the project finance and energy sectors. Their delivery capacity is excellent.’
‘Giampiero Priori is an excellent professional, knowledgeable and with great negotiating skills.’
‘Very competent and consistent team.’
Principaux clients
UniCredit
Intesa Sanpaolo
Banco BPM
SACE
ING Bank
Natixis
Aareal Bank AG
Deutsche Bank
Crédit Agricole CIB
Commerzbank
Santander
Société Generale
Bayerische Landesbank
Rabobank
BNP Paribas
Illimity Bank
MPS
Mediocredito Italiano
BNL
Cassa Depositi e Prestiti (CDP)
Mediobanca
ICCREA
Principaux dossiers
- Assisted Aareal Bank as arranger and sole lender on several financing transactions relating to the acquisition and development of three shopping centres and a hotel in Italy.
- Advised UniCredit regarding a financing granted to Kryalos SGR on behalf of the real estate fund Mathelt for the acquisition and redevelopment of a property in Bologna.
- Advised a pool of banks involved in the structuring and arrangement of EUR 200 million Schuldschein sustainability-linked loans.
Gatti Pavesi Bianchi Ludovici
Jointly overseen by lending and structured finance partner Marc-Alexandre Courtejoie and banking, finance and debt restructuring specialist Andrea Limongelli, the practice at Gatti Pavesi Bianchi Ludovici advises banks, financial institutions, corporates and private credit providers in various financing transactions, from bond issuances, acquisition financing, real estate finance and securitisation to asset-based finance and direct lending. Carolina Caslini is engaged to advise on transactions and regulatory mandates. Andrea Novarese and Tiziana Germinario left in October 2025.
Responsables de la pratique:
Marc-Alexandre Courtejoie; Andrea Limongelli
Autres avocats clés:
Carolina Caslini
Les références
‘Good collaboration level among different departments to provide clients with a clear answer on the topics addressed.’
‘Full availability at any level, especially from partners. Marc-Alexandre Courtejoie is worthy of mention.’
‘Marc-Alexander Courtejoie is a partner with great competencies – technical and managerial – and is always available and able to manage stressful situations.’
Principaux dossiers
- Assisted Banco BPM, Caixa, Credit Agricole, UniCredit and Intesa Sanpaolo in a € 1.1 bln facilities agreement with Prada Holding.
- Assisted Intermediate Capital Group and Vision Group in an investment aimed at supporting a management buyout and subsequent growth plans.
- Advising a pool of banks consisting of Banco BPM, Banca Popolare di Sondrio, Banca Ifis, Banca del Fucino, Illimity and Banca Sella in financing the acquisition by Vam Investments of the Orange and Egosistema groups.
Greenberg Traurig
Structured finance adviser Corrado Angelelli and Riccardo Agostinelli co-lead Greenberg Traurig‘s debt finance offering. Covering a wide range of products, from real estate financing, securitisations, non-performing loans, and various other multi-jurisdictional deals, the team includes Alessio Gerhart Ruvolo, who handles sustainable and impact finance issues alongside a plethora of core banking and finance workflows. Marco Leonardi and Daniele Migliarucci are other notable contacts.
Responsables de la pratique:
Riccardo Agostinelli; Corrado Angelelli
Autres avocats clés:
Alessio Gerhart Ruvolo; Marco Leonardi; Daniele Migliarucci; Davide Bonsi
Les références
‘The team showed strong negotiation skills, commercial awareness, and seamless cross-border coordination. Compared to other firms, they stood out for their clarity, responsiveness, and collaborative style, supported by transparent billing and effective use of technology.’
‘The individuals stood out for their expertise, responsiveness, and ability to balance legal precision with commercial pragmatism. Unlike competitors, they were proactive, clear in communication, and highly collaborative, which made navigating the facility agreement smooth and efficient. We especially valued their dedication and practical problem-solving approach throughout the process.’
‘The banking and finance team is a good combination of experience and innovation capability.’
Principaux clients
Wingspire Capital LLC
Tages Capital SGR
KKR Kohlberg Kravis Roberts
Nomura International
Goldman Sachs International
Green Arrow Capital SGR
UniCredit
Banco BPM
BPER Banca
Bayerische Landesbank
illimity S.p.A.
King Street Capital Management
UniCredit
CACIB
Crédit Agricole Italia
Mediobanca
Intesa Sanpaolo
BNPP-BNL
Intesa Sanpaolo
UniCredit and Cassa depositi e prestiti
Principaux dossiers
- Advised Tages Capital SGR in providing holdco (junior) financing, through its private debt fund, to support Investcorp’s acquisition of Epipoli.
- Advised Green Arrow Capital SGR’s direct lending fund in providing holdco (junior) financing to support IGI Private Equity’s acquisition of Meter.
- Advising Bayerische Landesbank on a mortgage refinancing for the “Giove” Fund, managed by Prelios SGR, and secured against the innovative Giovi Logistics Park in Silvano Pietra, Italy.
Watson Farley & Williams
Mario D’Ovidio, who handles leveraged, corporate, and asset-based financings, co-heads the transport, infrastructure and energy-focused practice at Watson Farley & Williams alongside Furio Samela, whose broad remit includes maritime financing, insolvency, NPLs and more. Matteo Trabacchin is a key name for cross-border transactions and energy financing.
Responsables de la pratique:
Mario D’Ovidio; Furio Samela
Autres avocats clés:
Matteo Trabacchin; Dario Matrecano
Les références
‘Working with the WFW team brings real added value to every project thanks to their deep expertise in the sector, experience with other clients, and proactive approach. As a bank, we enjoy working with them because the team is always available, highly responsive and has a flexible approach. Our collaboration is smooth and professional and we enjoy the insights they bring to our work.’
‘Matteo Trabacchin and Dario Matrecano stand out. Matteo is a very experienced professional who is able to explain complex legal situations in a very simple and clear manner, so that it is easy for us to put his suggestions into practice. We take strongly into consideration his comments. Dario is very proactive and does his best to be the point of contact between us and the client. He is always very precise and takes his tasks seriously. We appreciate working with him because he gives his own contribution by proposing ideas.’
‘The firm distinguishes itself in Italy in the banking practice, and is recognised as one of the most sophisticated players in the field of project and export finance, particularly in the shipping, aviation, and energy sectors. The team’s deep industry knowledge makes it an authoritative and highly reliable partner in the context of the most complex and sophisticated transactions.’
Principaux clients
Banco BPM
Banco Santander
Bayern LB
BBVA
BNP Paribas
Cassa Depositi e Prestiti
CAIXA Bank
Commerzbank
Crédit Agricole – Corporate Investment Bank
Crédit Agricole Italia
Deutsche Bank
HSBC
Intesa Sanpaolo
J.P. Morgan
KfW Development Bank
National Westminster Bank
SACE
SIMEST
SMBC
Société Générale
UniCredit
Principaux dossiers
- Advised Banco Santander, S.A. on a financing to Trina Solar for the acquisition, construction and development of a pipeline of renewable projects.
- Advised Cassa Despositi e Prestiti and SACE on a €200m financing to Development Bank of Kazakhstan to fund projects.
- Advised J.P. Morgan and SACE on the €100m financing of the designer outlet Florentia Village.
Cappelli Riolo Calderaro Crisostomo Del Din & Partners
The banking and finance team at Cappelli Riolo Calderaro Crisostomo Del Din & Partners is closely linked with its restructuring and insolvency offering, advising banks and private and institutional lenders on various debt-related matters. The team, which includes ‘highly dedicated’ banking lawyer Morena Bontorin, is capable of handling an array of transactions, from leveraged finance, acquisition and corporate loans to project and real estate financing. Seasoned insolvency and debt finance specialist Paolo Calderaro and structured and real estate finance veteran Alberto Del Din jointly lead the team alongside new arrival Antonio Lombardo, who joined from DLA Piper in June 2025, and is best known for his representation of banks. Giuliana Durand is called upon for her real estate finance, distressed lending and debt restructuring chops.
Responsables de la pratique:
Antonio Lombardo; Paolo Calderaro; Alberto Del Din
Autres avocats clés:
Morena Bontorin; Giulia Durand
Les références
‘The firm has strong expertise in both standard transactions and more complex structured finance deals. Its team is notably large and well-resourced, allowing the firm to manage a wide range of matters with efficiency and depth. A key strength lies in its multidisciplinary capabilities, with the ability to address not only legal issues but also tax aspects, ensuring comprehensive support for clients.’
‘The breadth of expertise within the team, combined with its strong presence in the domestic market, makes the firm a reliable and versatile partner for a broad spectrum of transactions.’
‘Morena Bontorin is a highly dedicated partner who consistently remains personally engaged throughout every stage of the transaction. She is always available, never missing a call and ensuring prompt and reliable communication. What truly distinguishes her is her active role in negotiations, often engaging directly with clients on behalf of banks.’
Principaux clients
Banca Ifis S.p.A.
Deutsche Bank
Intesa Sanpaolo S.p.A.
OVS S.p.A.
Principaux dossiers
CMS
Led by Paolo Bonolis, a key contact for various Italian banks, investment services and other lenders and arrangers, heads the team at CMS. Trusted to handle financing, refinancing, distressed, and debt restructuring mandates as well as structured and acquisition finance transactions and related litigation, the group includes Domenico Gaudiello, who specialises in public and structured finance. Maria Giovanna Pisani‘s remit advises on regulatory considerations in the banking, investment services and payment systems spaces.
Responsables de la pratique:
Paolo Bonolis
Autres avocats clés:
Domenico Gaudiello; Maria Giovanna Pisani; Giuseppe Boccalone
Les références
‘We have been working with the team for many years now and on different topics. It is great to have a main reference partner who understands our needs and not only creates contacts to colleagues of other teams according to their skills, but also remains involved as main interlocutor and coordinator. Our experience is good in all of the fields we have been cooperating such as RE finance, litigation, tax, and compliance.’
‘Paolo Bonolis – very competent, available, proactive, wide market knowledge. Proposes viable solutions to address the various issues he is entrusted with.’
‘Paolo Bonolis nicely blends legal expertise and knowledge with sharp business acumen.’
Principaux clients
Apollo Fund – Apeiron Mgmt
Intesa Sanpaolo
Credit Agricole Corporate and Investment Bank
ING Bank
Intesa Sanpaolo
European Bank for Reconstruction and Development
General Electric – Avio Aero
Unicredit
Principaux dossiers
- Advised Apollo Fund through Apeiron Management on the acquisition and securitisation of a €400 million portfolio of healthcare-related non-performing loans owed by Regione Lazio.
- Represented Intesa Sanpaolo in multiple litigation proceedings across Italy related to derivative transactions with Italian public administrations, addressing critical issues of enforceability, validity and compliance under public finance and banking law.
- Advised Credit Agricole Corporate and Investment Bank as arranger on a €400 million cross-border securitisation of trade receivables across multiple European jurisdictions.
Herbert Smith Freehills Kramer Studio Legale
A new practice head in the form of highly regarded banking and finance expert Emanuela Da Rin arrived at Herbert Smith Freehills Kramer Studio Legale from BonelliErede in November 2025. The team possesses capabilities across energy and infrastructure finance, acquisition deals, securitisation of non-performing and unlikely-to-pay loan portfolios, and more. The ‘extremely knowledgeable’ Simone Egidi, a cornerstone of the practice, is appreciated on project financing arrangements and other deals. Federico Cocito also joined from BonelliErede in late 2025.
Responsables de la pratique:
Emanuela Da Rin
Autres avocats clés:
Simone Egidi; Alessandra Iandoli; Federico Cocito
Les références
‘The team is very thorough. Their focus on infrastructure is commendable. The partner actively participates in negotiations with the client.’
‘Simone Egidi is extremely knowledgeable and knows the gas sector very well. He is proactive in trying to find solutions that are as satisfactory as possible for the client.’
‘Simone is incredibly easy to work with and provides commercially sound advice with quick turnaround times. I send him all my Italian work.’
Principaux clients
Macquarie Bank Ltd.
Natixis
BPER Banca S.p.A.
BPCE
BNP Paribas
Deutsche Bank
EG Holding
ENI
UniCredit
Extendam
VTTI
Intesa Sanpaolo
Nuveen Infrastructure
SMBC EU
Societe Generale
Webuild S.p.A.
Sorgenia S.p.A.
Zambon S.p.A.
Ghella S.p.A.
ICCREA Banca S.p.A.
Principaux dossiers
- Advising the international lenders on a multi-million acquisition financing by Carlyle of Energean.
- Advised Deutsche Bank on the real estate financing of a shopping mall in the north of Italy.
- Advised UniCredit, other lenders and SACE on the €50m project financing of an advanced agrivoltaic project including a co-located battery storage.
K&L Gates
The banking and finance offering at K&L Gates centres on real estate financing and hotel sector deals involving banks, private credit firms and alternative lenders, with practice co-head Fabrizio Dotti specialising in acquisitions, leveraged buyouts, RE financing, debt restructuring and portfolio work. Fellow co-head Chiara Anceschi is a key name for real estate and hospitality lending. Giorgio Paludetti covers NPLs and insolvencies as well as debt restructuring work.
Responsables de la pratique:
Fabrizio Dotti; Chiara Anceschi
Autres avocats clés:
Giorgio Paludetti; Carlotta Dionisi; Oscar Saporito; Sofia Stefani
Les références
‘K&L Gates offers a combination of international reach and local expertise that makes them stand out in the Italian market.’
‘Chiara Anceschi is an excellent lawyer, with a strong commercial instinct and the ability to guide transactions smoothly even in challenging circumstances. What makes her practice unique is the chemistry she has built with her team. The associates — Carlotta Dionisi in particular — are exceptionally capable, proactive, and easy to work with. This makes the overall client experience seamless: rather than interacting with isolated individuals, you get the benefit of a cohesive unit that operates efficiently and constructively.’
‘K&L Gates combines the resources of a global firm with the accessibility and teamwork that clients value most in local counsel.’
Principaux clients
UniCredit S.p.A.
Crédit Agricole Italia
Banca Nazionale del Lavoro S.p.A.
US Bank
Banca Popolare di Milano
Finanziaria Internazionale Investments SGR S.p.A.
Illimity Bank S.p.A.
Intesa Sanpaolo S.p.A.
Banca Monte dei Paschi di Siena
Incus Capital
Invel Real Estate
PGIM
Principaux dossiers
- Assisted a bondholder controlled by Invel Eudora Fund 2 GP S.à.r.l in the financing (through a bond issuance) of the development of Hotel Majestic in Rome owned by Majestic Investment S.p.A. with sponsor Boscalt also aimed at refinancing an existing bond advanced by Starwood.
- Assisting PGIM Private Capital with a $200 million private placement shelf facility with Veronese multi-utility AGSM AIM.
- Assisted UniCredit S.p.A., Banco BPM S.p.A. and Intesa Sanpaolo S.p.A. in connection with an up to €86 million facilities agreement granted to an Italian AIF managed by Castello SGR S.p.A. for the acquisition and development of a real estate complex in Poltu Quatu.
Molinari
With structured finance and debt restructuring specialist Alessandro Fontana and experienced banking and finance practitioner Andrea Taurozzi jointly leading, Molinari‘s team assists an array of lenders in executing syndicated loans, debt restructurings, sustainability-linked financings and plenty of real estate financing transactions. Francesco Senesi is another key name.
Responsables de la pratique:
Alessandro Fontana; Andrea Taurozzi
Autres avocats clés:
Francesco Senesi
Principaux clients
BANCA FININT
Banco BPM
Intesa Sanpaolo
UniCredit
Deutsche Bank
BNP Paribas
Cassa Depositi e Prestiti
Banca Nazionale del Lavoro
BPER Banca
ICCREA
Banca Monte dei Paschi di Siena
illimity Bank
Crédit Lyonnais
HSBC
Banco Desio
Credit Agricole
Compass Banca
DeA Capital Alternative Funds
Banca Ifis
Principaux dossiers
- Advised Intesa Sanpaolo S.p.A. on a real estate financing to support the opening by White City-Fattal Group of a hotel in the heart of Rome.
- Advised Banco BPM and Banca Finint on the €34 million financing granted to Alberghiera Mediterranea S.r.l. through European Union funds under the Next Generation EU – PNRR program.
- Advised a pool of prominent Italian banks on a 500M deal in favour of Dolce & Gabbana.
Norton Rose Fulbright
Norton Rose Fulbright‘s banking and finance outfit is known for its activity in shipping and infrastructure finance, including ECA-backed transactions, PPP projects and transport developments. Team head Arturo Sferruzza handles financings in the energy and infrastructure sectors, advising both private credit providers, banks and other lenders. Gennaro Mazzuoccolo advises on cross-border financings, from energy, trade and ship finance to debt restructuring and insolvency matters.
Responsables de la pratique:
Arturo Sferruzza
Autres avocats clés:
Gennaro Mazzuoccolo; Giulio Mariano; Nunzio Bicchieri; Chiara Conti
Les références
‘Very good knowledge of SACE rules and practices. Collaborative to find solutions for the closing of the transactions.’
‘I’ve worked many times with Arturo Sferruzza who is a solid lawyer.’
Principaux clients
UniCredit S.p.A.
Santander
Cassa Depositi e Prestiti S.p.A.
Citi
ING
Bank of America
HSBC
Deutsche Bank
Groupe BPCE
Banca Monte Dei Paschi di Siena SpA
BNP Paribas
Banco BPM S.p.A.
Standard Chartered Bank
Crédit Agricole Group
Aquila Capital Real Assets Investment
Societe Generale
JP Morgan
Banco BBVA
Principaux dossiers
- Advised Santander on the financing of the A5/A21 Toll Road Project in Northern Italy.
- Advised the lenders, including Commerzbank and BNP Paribas, and SACE and SIMEST, on an ECA-backed financing to SALZGITTER AG through two ECA facilities totalling €500 million.
- Advised BNP Paribas, a syndicate of lenders, SACE and SIMEST on the financing of four new cruise vessels for Viking Ocean Cruises.
Orrick, Herrington & Sutcliffe
Handling numerous unitrache acquisition financings, real estate deals, mezzanine arrangements and various other debt financing transactions, Orrick, Herrington & Sutcliffe‘s banking and finance team operates under the direction of Marina Balzano, who focuses on mid-cap leveraged finance and alternative lending. Frederic Demeulenaere advises institutional lenders, and the ‘pragmatic’ Giulio Asquini is equipped to advise on a variety of financings.
Responsables de la pratique:
Marina Balzano
Autres avocats clés:
Frederic Demeulenaere; Giulio Asquini; Evangeline Schumacher; Claudia Loriggio
Les références
‘Experience in the sector, availability, management of timing.’
‘Marina Balzano and Giulio Asquini are always supportive and available. They have deep knowledge and provide excellent advice.’
‘Orrick’s Milan finance team is highly reliable and easy to work with. They combine strong technical expertise with a very practical and pragmatic approach. Their advice is clear, to-the-point, and focused on getting transactions done efficiently. What I value most is their responsiveness and availability. They are quick to turn things around, even under pressure, and they communicate well throughout the process.’
Principaux clients
Alantra Private Debt
Anthilia Capital Partners SGR
Banca Ifis
Banca Sella
Banco BPM
Banco di Desio e della Brianza
Banca Monte dei Paschi di Siena
Bank of Ireland
BNL BNP Paribas
BPER Banca
CAPZA
Cassa Depositi e Prestiti
Crédit Agricole
Deutsche Bank
Equita Capital SGR
Eurazeo
Iccrea Banca
Illimity Bank
Intesa Sanpaolo
Tenax Capital
UniCredit
Ver Capital SGR
Yeldo
Osborne Clarke
Osborne Clarke’s diverse debt finance offering is led by Andrea Pinto, a key name for structured finance, asset-based finance, real estate, infrastructure, and big-ticket special situations. Federica Greggio advises on acquisition finance, corporate lending, structured transactions and facility agreements. Antonio Fugaldi handles alternative lending. Alessandro Generali focuses on project and real estate finance, and Ugo Marchionne is another key pillar of the group. Giorgio Telarico joined from Studio Professionale Associato a Baker & McKenzie in December 2025 to further develop the team’s project finance expertise.
Responsables de la pratique:
Andrea Pinto
Autres avocats clés:
Federica Greggio; Antonio Fugaldi; Alessandro Generali; Ugo Marchionne; Giorgio Telarico
Les références
‘The team is well-structured in terms of expertise and seniority. It is composed of professionals with extensive knowledge of the relevant market and of the specific activities carried out by the funds they have assisted. They are precise, timely in their delivery, and absolutely available.’
‘They combine deep knowledge of the market and its players with excellent interpersonal skills, both with clients and external counterparties. Always available and highly flexible on timing, transparent on pricing and deliver outstanding value for money.’
‘We have found Osborne Clarke’s lender and arranger-side team to be highly professional, responsive, and deeply knowledgeable across complex financing transactions. Their expertise in structuring, negotiating, and executing deals efficiently, combined with a pragmatic and commercial approach, consistently sets them apart from competitors.’
Principaux clients
Aareal Bank AG
ABN Amro Asset Based Finance N.V.
Alpha Bank S.A.
Azimut Investments S.A
Banca Monte dei Paschi di Siena S.p.A.
BPER Banca S.p.A.
Bayerische Landesbank (BayernLB)
BNP Paribas Group
Fifth Third Bank National Association
FMS Wertmanagement AöR
HSBC Innovation Bank Ltd.
ICCREA Bank S.p.A.
Illimity Bank S.p.A.
Intesa San Paolo S.p.A.
National Bank of Kuwait
Natixis S.A.
Piraeus Bank S.A.
Santander UK Plc, Banco Santander,
Situs Asset Management Limited
UniCredit S.p.A.
Principaux dossiers
- Advised FMS Wertmanagement AöR on a €11.4 billion framework agreement covering management and disposal of risk positions from Hypo Real Estate Holding AG.
- Advised Alpha Bank and Piraeus Bank on real estate and hotel redevelopment financings, including €111.2 million for redeveloping Rome’s former Hotel Majestic into the 5-star Baccarat Hotel Rome.
- Advised ABN Amro Asset-Based Finance N.V. on a multi-million top-up discount receivable financing for Quadra companies across multiple jurisdictions.
Pavia e Ansaldo
With an emphasis on contentious banking and debt finance matters, the group at Pavia e Ansaldo is co-led by Mario Di Giulio, who is skilled in securitisation and structured finance, notably in relation to infrastructure and sustainable projects in east Africa, and Roberto Zanchi, who focuses on insolvency, corporate governance, privatisations and more in the banking and finance space. Caterina Luciani is an additional name to remember.
Responsables de la pratique:
Roberto Zanchi; Mario Di Giulio
Autres avocats clés:
Caterina Luciani
Principaux clients
ICCREA Banca Impresa S.p.A.
Investire SGR
Xenon Private Equity
Cassa Depositi e Prestiti
First Growth Real Estate
WeArena
ViviBanca
Planet Smart City
Regione Liguria
Banche di Credito Cooperativo
Unicredit S.p.A.
Banca Generali
Credit Agricole Cariparma
Banco BPM
Deutsche Bank AG
Unicredit Bank Moscow
Principaux dossiers
Studio Professionale Associato a Baker & McKenzie
Team head Carlo De Vito Piscicelli brings experience in leveraged finance deals to the offering at Studio Professionale Associato a Baker & McKenzie. Alberto Fornari is called upon for general, trade and structured finance, receivables financing transactions, NPLs, factoring, and more.
Responsables de la pratique:
Carlo de Vito Piscicelli
Autres avocats clés:
Alberto Fornari; Edoardo Filiberto Roversi; Francesco Ciociola; Camilla Bassi
Les références
‘They delve into our internal banking processes to provide the best legal solution.’
‘Well-prepared and highly experienced in the areas of bank sale agreements that interest us. Alberto Fornari and Francesco Ciociola pinpoint the key points quickly and efficiently.’
‘Good cross-border experience – responsive and clear communication.’
Principaux clients
Crédit Agricole Corporate & Investment Bank
Banco BPM S.p.A.
BNP Paribas Fortis SA/NV
Credito Emiliano S.p.A.
Commerzbank
Intesa Sanpaolo
Banco BPM
Principaux dossiers
- Advised Crédit Agricole Corporate & Investment Bank on the structuring and documentation of a global supply chain finance platform to be implemented over a third-party digital infrastructure.
Bird & Bird
Focused on renewable energy project financing, Bird & Bird‘s debt finance offering is headed up by Pierpaolo Mastromarini, a key port of call for banks and private lenders engaged on international energy project financing and refinancing. The group, which possesses experience in structured project financing, especially in the energy sector and in relation to renewable public and private works. Michele Arruzzolo is active across various cross-border deals.
Responsables de la pratique:
Pierpaolo Mastromarini
Autres avocats clés:
Michele Arruzzolo; Andrea Semmola
Principaux clients
Banca Nazionale Del Lavoro
Cassa Depositi e Prestiti
Clessidra Private Debt Fund
Crédit Agricole
Merito Private Debt Fund
Principaux dossiers
- Assisted Clessidra Private Debt Fund, managed by Clessidra Capital Credit SGR and acting as arranger, bookrunner and lender, Merito Private Debt Fund, managed by Merito SGR and acting as arranger and lender, and Crédit Agricole Italia, acting as agent bank, in a loan of € 17 million in favour of KYIP Investment Fund.
- Advising Banca Nazionale Del Lavoro – Gruppo BNP Paribas and Cassa Depositi e Prestiti in a €200 million financing to Alfasigma for the development of international services outside Italy.
Curtis, Mallet-Prevost, Colt & Mosle LLP
Curtis, Mallet-Prevost, Colt & Mosle LLP‘s banking and finance offering is led by Filippo Bianchi, who advises banks, investment institutions, sovereign entities and credit platforms on an array of transactions. Sergio Esposito Farber is enlisted to assist with syndicated loans, private credit transactions, real estate financing, M&A and more.
Responsables de la pratique:
Filippo Bianchi
Autres avocats clés:
Sergio Esposito Farber; Carmine Gravina
Principaux clients
Export Import Bank of India
Banca Monte dei Paschi di Siena S.p.A.
Cassa Depositi e Prestiti S.p.A.
Intesa San Paolo S.p.A.
Crédit Agricole Italia S.p.A.
ICCREA BancaImpresa S.p.A.
Banco BPM S.p.A.
Principaux dossiers
- Assisted Export Import Bank of India, as lender to the Gammon Group, regarding Mutares’ entry, as majority shareholder, in Sofinter share capital.
Eversheds Sutherland Associazione Professionale
Covering areas such as NPLs, structured finance, renewable energy project finance, and real estate and acquisition finance, Eversheds Sutherland Associazione Professionale‘s team includes energy-focused Daniela Viaggio and Pasquale Bifulco, who concentrates on transactions and debt restructuring. Ubaldo Caracino specialises in assisting payment institutions, IMELs, banks and other regulated entities. Pietro Massimo Marangio is well-versed in compliance and extraordinary transactions.
Autres avocats clés:
Daniela Viaggio; Pasquale Bifulco; Ubaldo Caracino; Pietro Massimo Marangio
Les références
‘The team is extremely professional and supportive. They provide continuous assistance and have demonstrated the ability to successfully handle complex transactions.’
‘Their professionalism and ability to solve problems, even in complex negotiations with the client, are remarkable.’
‘Technical legal skills and soft skills such as organisational, relational and communicative.’
Principaux clients
Colliers Global Investors Italy SGR S.p.A.
Illimity Bank
Imprebanca
Banco BPM
Illimity SGR S.p.A.
Azimut Group
Profit Farm
Banca Farmafactoring (BFF) S.p.A.
Alliance Bernstein
Imperial Capital SIM S.p.A.
Clessidra Private Equity SGR
Cassa Centrale Banca S.p.A.
Merito SGR
Principaux dossiers
Jones Day
The team at Jones Day focuses on complex real estate financing and refinancing mandates as well as facility agreements, distressed situations and more. Co-head Francesco Squerzoni advises lenders on acquisition, real estate and project financing and fellow co-head Marco Frattini assists with structured finance, real estate financing and special situations such as non-performing portfolio acquisitions. Andrea Cantarelli supports the team across various financing transactions including green and sustainability-linked loans.
Responsables de la pratique:
Francesco Squerzoni; Marco Frattini
Autres avocats clés:
Andrea Cantarelli
Les références
‘The team demonstrates a rare ability to integrate legal expertise with strategic insight, offering not just legal advice but actionable solutions that support complex transactions, corporate restructuring, and capital raising initiatives. Their strength lies in anticipating potential legal hurdles and proactively designing structures that mitigate risk while enabling growth. Rather than operating in silos, the lawyers work seamlessly across disciplines — corporate, tax, regulatory, and real estate.’
‘Marco Frattini leads with the charisma and precision of a frontman on a world stage—his presence in negotiations and strategic discussions is as commanding as Mick Jagger at Copacabana. Clients immediately recognize his ability to energise teams, navigate complexity, and deliver results with style and substance.’
‘Jones Day brings a distinctive blend of technical mastery and a straightforward, results-oriented approach. The practice is particularly strong in the structuring and management of real estate investment vehicles, and few teams in the market can match their depth of expertise in this area.’
Principaux clients
Société Générale SA
Macquarie
UniCredit S.p.A.
Hedge Invest SGR S.p.A.
Natixis SA
Savills IM SGR S.p.A.
Arrow Global
Banco BPM S.p.A.
Credit Agricole CIB Milan
Bank of America
Tikehau
Deutsche Bank AG
Costruire Holding S.r.l.
ING Bank N.V., Milan Branch
Principaux dossiers
- Advising Société Générale on the sale of the professional equipment financing businesses operated by Société Générale Equipment Finance (SGEF) to Groupe BPCE.
- Advised Bank of America Europe Designated Activity Company and Banco BPM S.p.A., as mandated lead arrangers and original lenders, on an EUR 85.2 million facility agreement for Felix S.r.l., supporting the extension of the facility’s maturity and amendments to commercial terms in connection with a permitted change of control and the borrower’s conversion into a SICAF (AIF).
- Advised Banco BPM S.p.A. on structuring and granting mortgage financing for a residential property acquisition and redevelopment in Santa Margherita, as part of a securitisation under article 7.2 of Law No. 130/1999.
LCA Studio Legale
LCA Studio Legale‘s lender-side banking and finance offering, led by Davide Valli, covers corporate lending, securities arrangements, acquisition and project finance, and more. Umberto Piattelli is sought out for advice on extraordinary transactions and regulatory issues. Former Clifford Chance partner Fernandino Poscio joined the team in June 2025.
Responsables de la pratique:
Davide Valli
Autres avocats clés:
Umberto Piattelli; Fernandino Poscio
Les références
‘Ferdinando Poscio is very available and deeply understands clients’ needs.’
Principaux clients
Allcore S.p.A.
AVM Associati S.p.A.
AVM Gestioni SGR S.p.A.
Banco BPM
Banco Sabadell
BPER Banca
Cassa Depositi e Prestiti S.p.A.
Cherry Bank
Emicon S.p.A.
Ethica Global Investments
Gala Holding S.r.l.
Intesa Sanpaolo
R-Store S.r.l.
SAE Group
Soges Group S.p.A.
Trillium Flow Technologies
Xenon Private Equity
You First Sports Italia S.r.l.
Principaux dossiers
- Advised the pool of lenders, led by Credit Industriel et Commercial, on the Italian law aspects of France-based Alliance Etiquettes’ acquisition of Italy-based Samorani S.r.l. and its subsidiaries.
- Advised BPER Banca and Banca Popolare di Sondrio on negotiating a facility agreement with a borrower to finance the acquisition of Nuova Milani S.p.A.
- Assisted Cherry Bank S.p.A. in the granting of a loan to Immobiliare M. Pasubio S.r.l. for onward lending.
Nunziante Magrone
Alessio Lombardo, an experienced practitioner on structured, real estate and acquisition finance and debt restructuring mandates, leads the team at Nunziante Magrone alongside Priscilla Merlino, a regulatory specialist with a significant transactional practice. Corrado Rosano focuses on infrastructure and real estate transactions, as well as NPL-related issues.
Responsables de la pratique:
Alessio Lombardo; Priscilla Merlino
Autres avocats clés:
Corrado Rosano
Les références
‘They were always highly available and responsive, ensuring that any questions or concerns were addressed promptly. Their professionalism was evident throughout the entire process, and they consistently demonstrated a deep understanding of the issues at hand.’
‘What stood out most was their collaborative approach – they worked closely with us, listened carefully to our needs, and provided clear, practical solutions. Overall, the experience was extremely positive, and I would not hesitate to recommend their services.’
‘The individuals I have worked with stand out for their exceptional competence and their willingness to address any question or concern promptly. They combine deep technical expertise with a highly approachable and client-focused attitude, which makes the entire process smooth and reassuring.’