McDermott Advises Italian Impresa Pizzarotti on Disposal of Energy Assets to Institutional Investor F2i

Présentation


ROME (May 24, 2016) – International law firm McDermott Will & Emery advised Impresa Pizzarotti, Italy’s fourth major construction company, on the disposal of its energy business division to Holding Fotovoltaica (“HFV”) held by an institutional investor F2i (Fondo Italiano per le Infrastrutture).

The McDermott team was led by project finance partner Marco Cerritelli and comprised head of Italian energy practice, partner Carsten Steinhauer as well as associates Valentina Perrone and Christian Fabricatore.

The team advised Impresa Pizzarotti, a construction giant with turnover exceeding EUR 1bn, on the sale of a portfolio of operational solar parks in Sicily and quotas held by the SPV Pizzarotti Energia S.r.l. In addition to M&A and corporate matters, the McDermott team also advised on matters regarding public law aspects of the transaction such as compliance with Italy’s public contract regulations as well as negotiations with the state owned road authority ANAS regarding the change of concessionaire.

The team also acted as a lender counsel to UBI><Banca, agent, financier and hedging provider, and BPER, financier and hedging provider in connection with drafting, negotiation and execution of the financial and security documentation with the new shareholder.

“We are very pleased to contribute to the success of this interesting, complex and challenging transaction,” said Marco Cerritelli. “This appointment was a clear sign that the quality of our energy and infrastructure advice, coupled with our capacity to help private and public clients, has been noted and valued by the market. This transaction also confirms a growing interest of institutional investors in opportunities offered by the Italian secondary energy market.”

Banca IMI acted as financial advisor to Pizzarotti while Crowe Horwath advised HFV.

McDermott’s Italian energy, infrastructure and project finance team provides a broad range of services to domestic and international clients on all aspects of infrastructure sectors in Italy, Europe and the Middle East. The Firm represents developers, operators and suppliers, as well as private investors and funds, financial institutions, and international brokers and dealers. McDermott is also one of the top providers of legal services to participants in competitive energy trading markets.|

About McDermott Will & Emery
McDermott Will & Emery is a premier international law firm with a diversified business practice. Numbering more than 1,000 lawyers, we have offices in Boston, Brussels, Chicago, Dallas, 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.

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