McDermott Advised Pessina Costruzioni on Financing of New Velodrome in Italy
ROME (20 March, 2017) – International law firm McDermott Will & Emery represented Pessina Costruzioni, one of the major Italian construction companies, in connection with the concession agreement for a new Velodrome in the municipality of Spresiano (Treviso).
The project involves the design, construction, operation and maintenance of a new multi-purpose facility. The Velodrome, with an overall investment of €29m and a capacity of 6,000 seats, is the largest of this kind in Italy and will be designed in compliance with the world championship and Olympic games international technical standards. The Italian National Cycling Federation acted as awarding authority and grantor.
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 developers, contractors, financiers and public sector authorities in the realization of social infrastructure and sports related assets. The team is currently involved in the development of several new football arenas in municipalities of Cagliari, Pescara, Crotone, Vicenza, Bassano, 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 Pessina Costruzioni for the trust they have placed with us. This is a truly innovative project for the Italian market, and we hope it will inspire other National Federations 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.