McDermott Advises Italy-based Fincontinuo S.p.A. on Securitization Transaction
MILAN (June 19, 2017) – International law firm McDermott Will & Emery represented Fincontinuo S.p.A. as originator in a securitization transaction concerning receivables derived from consumer loans, supported by salary assignment and payment delegation, for a maximum amount of approximately €200 million.
The financial institutions Natixis and Jefferies International Limited acted as co-arrangers. Azzurro SPV S.r.l., as special purpose vehicle, issued three classes of asset-backed partly paid floating rate notes, pursuant to Securitization Law 130/1999.
The McDermott team was led by Transactions partner Ettore Scandale and included associate Diletta Gaibazzi.
McDermott’s Corporate & Transactional Practice represents business interests around the world, from global corporations and industry-leading companies to privately funded and entrepreneurial driven enterprises, private equity sponsors and the financial institutions that support them. McDermott consistently ranks in the leading league tables, including Mergermarket, Thomson Reuters, Bloomberg and PitchBook. The Corporate & Transactional Practice Group was named “Team of the Year” for Middle Market M&A/Buyouts by The Legal 500 and is highly ranked by Chambers in the United States, and in Europe.
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McDermott Will & Emery is a premier international law firm with a diversified business practice. Numbering more than 1,100 lawyers, we have offices in Boston, Brussels, Chicago, Düsseldorf, Frankfurt, Houston, London, Los Angeles, Miami, Milan, Munich, New York, Orange County, Paris, Rome, Seoul, Silicon Valley and Washington, DC. Further extending our reach into Asia, we have a strategic alliance with MWE China Law Offices in Shanghai. www.mwe.com