McDermott Advised B Futura and Institutional Investor on Developing Portfolio of Football Arenas in Italy
ROME (October 6, 2016) – International law firm McDermott Will & Emery represented B Futura, a vehicle for infrastructure development belonging to the national football league, in connection with the establishment of an institutional platform aimed at promoting and developing a portfolio of new football arenas in Italy and supporting local authorities and clubs in raising financial resources.
The private-public platform has been formalized through a framework agreement involving a public sector investor INVIMIT SGR, the Italian Treasury-owned asset manager specialized in public assets, and Istituto per il Credito Sportivo, a state-owned bank focused on financing the sport industry.
Planned projects will involve significant urban regeneration initiatives; therefore the innovative platform will substantially enhance the capacity of local authorities to promote public-private partnership for social infrastructure.
The McDermott team advising on this complex transaction was led by project finance partner Marco Cerritelli and associates Valentina Perrone and Anna Vesco.
Marco’s team has extensive experience in advising public sector authorities in the financing of infrastructure and urban regeneration projects. The team is currently involved in the development of several new football arenas in municipalities of Cagliari, Pescara, Crotone, Avellino and Lampedusa.
“We are very honoured to have been chosen to work on this project,” said Marco Cerritelli. “This appointment is a clear sign that our work in the area of infrastructure, and our capacity to help public and private clients in realising complex schemes has been noted and valued by the market. We would like to thank the Italian Football League and B Futura for the trust they have placed with us. This is a truly innovative project, and we hope it will inspire other football clubs and local authorities,” he added.
McDermott’s Italian Transactions group provides a broad range of services to domestic and international clients on all aspects of infrastructure and energy 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.