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Esperienza nei Minibond Orrick Italia

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Page 1: Orrick- esperienza nei minibond...Corporate oCapital Markets oCompensation and Benefits oEmerging Companies ... TBS Group S.p.A. 6,50% 2014 – 2019 Legal assistance. in the issue

Esperienza nei Minibond

Orrick Italia

Page 2: Orrick- esperienza nei minibond...Corporate oCapital Markets oCompensation and Benefits oEmerging Companies ... TBS Group S.p.A. 6,50% 2014 – 2019 Legal assistance. in the issue

o Orrick, Herrington & Sutcliffe è uno studio legale internazionale con 25 sedi nel mondo distribuite in 9

paesi tra Stati Uniti, Europa ed Asia, di cui fanno parte oltre 1100 avvocati coadiuvati da circa 3000

persone di staff.

o Fondato nel 1863 a San Francisco, nel 2013, Orrick ha celebrato il 150°anniversario

o Nonostante le origini statunitensi, Orrick ha perseguito negli anni una strategia di crescita

internazionale per garantire ai clienti la piena soddisfazione delle proprie esigenze di avvalersi di

consulenti legali specializzati, operativi in ogni mercato al mondo.

o Tutti gli avvocati dello Studio collaborano attivamente nel perseguimento di tali obiettivi, offrendo

un'assistenza legale strategica e altamente qualificata in ambito stragiudiziale e contenzioso.

o Per il terzo anno consecutivo, Orrick è stato riconosciuto dal Financial Times tra i "FT Law 25"

l'elenco degli studi legali più innovativi al mondo e per tipologia di consulenza legale ed approccio

business – oriented.

o La rivista legale Law360 include Orrick nei "Global 20", la lista dei principali studi legali internazionali

al mondo.

A proposito di Orrick

2

Page 3: Orrick- esperienza nei minibond...Corporate oCapital Markets oCompensation and Benefits oEmerging Companies ... TBS Group S.p.A. 6,50% 2014 – 2019 Legal assistance. in the issue

Practice Areas di OrrickCorporateo Capital Markets

o Compensation and Benefits

o Emerging Companies

o General Corporate

o M&A and Private Equity

o Commercial Contracts

o Tax

o International Trade and Compliance

o

Energy o Project Finance

o Regulatory, Licensing and Permitting

o Oil and gas

o Renewables (Solar, Wind, Geothermal,

Hydroelectric, Biomass, Biofuels)

o Coal

o Nuclear

Infrastructureo Toll roads

o Airports

o Ports

o Stadiums

o Telecoms

o Railways

o Mining

Litigation

o Antitrust and Competition

o Commercial Litigation

o Employment Law

o Insurance

o International Arbitration

o Mass Torts and Product Liability

o Public Policy and

Government Affairs Practice

o Securities Litigation and

Regulatory Enforcement

o Supreme Court and Appellate

Litigation

o White Collar Criminal Defense

and Corporate Investigations

Intellectual Property

o Privacy

o Information Technology

o Consumer Protection

o Software

o New Economy

o Copyright, Trademark & False

Advertising Litigation & Counseling

o International Trade Commission

o IP Counseling & Due Diligence

o Patent Litigation

o Trade Secrets Litigation

Finance

o Banking and Debt Capital Markets

o General Finance

o Public Finance

o Real Estate

o Restructuring

o Structured Finance

3

Page 4: Orrick- esperienza nei minibond...Corporate oCapital Markets oCompensation and Benefits oEmerging Companies ... TBS Group S.p.A. 6,50% 2014 – 2019 Legal assistance. in the issue

Orrick nel mondo

4

Milan

Moscow

Munich

Paris

Rome

Los Angeles

New York

Orange County

Portland

Sacramento

Seattle

San Francisco

Silicon Valley

Washington, D.C.

Global Operations Center, Wheeling, W.Va.

Beijing

Hong Kong

Shanghai

Taipei

Tokyo

Berlin

Brussels

Düsseldorf

Frankfurt

London

United States AsiaEurope

Page 5: Orrick- esperienza nei minibond...Corporate oCapital Markets oCompensation and Benefits oEmerging Companies ... TBS Group S.p.A. 6,50% 2014 – 2019 Legal assistance. in the issue

Orrick in Italia

Page 6: Orrick- esperienza nei minibond...Corporate oCapital Markets oCompensation and Benefits oEmerging Companies ... TBS Group S.p.A. 6,50% 2014 – 2019 Legal assistance. in the issue

Orrick in Italia

Orrick ha stabilito le proprie sedi in Italia dal 2003 a Milano e Roma. Oggi lo Studio italiano conta oltre 100

professionisti di primo piano, le cui competenze sono largamente riconosciute sul mercato economico e finanziario,

italiano ed internazionale.

Fanno parte del team italiano avvocati abilitati alla professione in Italia, Inghilterra e Stati Uniti, in grado di fornire

una consulenza qualificata in diritto italiano e nella common low.

Lo Studio italiano può inoltre contare su un desk russo e desk cinese, con professionisti russi e cinesi basati in

Italia e attivi in loco che affiancano in modo integrato i clienti italiani o stranieri in operazioni svolte in Italia o nei

rispettivi mercati di riferimento.

Sono clienti dello Studio in Italia: primarie banche d'affari e commerciali, le principali società di asset management a

livello mondiale, gruppi petroliferi, gruppi di telecomunicazioni, media & entertainment, multinazionali attive nei settori

delle energie tradizionali e rinnovabili, aziende automobilistiche e di trasporti, imprese di costruzioni, società di

ingegneria, società di consulenza e società a capitale pubblico – privato.

6

Aree di specializzazione di Orrick in Italia

Finanza Energia e Infrastrutture

Diritto Commerciale e Societario Project Finance

M&A e Private Equity Real Estate

Diritto del Lavoro Contenzioso Commerciale e Societario

Equity Capital Markets Tax

Modelli di organizzazione, gestione e controllo ex D.Lgs. 231 Ristrutturazione del debito e Procedure concorsuali

Regolamentazione Bancaria e Finanziaria Diritto Amministrativo

Page 7: Orrick- esperienza nei minibond...Corporate oCapital Markets oCompensation and Benefits oEmerging Companies ... TBS Group S.p.A. 6,50% 2014 – 2019 Legal assistance. in the issue

Esperienza sui Minibond

Page 8: Orrick- esperienza nei minibond...Corporate oCapital Markets oCompensation and Benefits oEmerging Companies ... TBS Group S.p.A. 6,50% 2014 – 2019 Legal assistance. in the issue

Esperienza sui Minibond

Il Team italiano di Finance di Orrick fornisce assistenza legale su scala globale in

relazione ad ogni tipo di operazione di emissione di strumenti di debito, tra cui,

recentemente anche i cosiddetti "Minibond". I Minibond sono strumenti finanziari di debito

di varia natura (obbligazioni, cambiali finanziarie o altri titoli di debito), che possono essere

emessi da piccole e medie imprese ("PMI") non quotate ed ammessi alla negoziazione sul

Segmento Professionale (ExtraMOT PRO) del Mercato ExtraMOT organizzato e gestito da

Borsa Italiana S.p.A.

La possibilità di ricorrere al mercato di capitali per le PMI italiane non quotate è

un'opportunità tracciata dal nuovo quadro normativo introdotto dal c.d. Decreto Sviluppo1

come modificato dal Decreto Sviluppo bis2, dal Decreto Destinazione Italia3 e da ultimo dal

Decreto Competitività4.

In tale contesto, Orrick vanta una notevole esperienza essendo lo studio legale che per

primo in Italia ha svolto simili operazioni e che già può vantare il maggiore track record

rispetto al numero di emissioni finora portate a compimento.

1 (Decreto Legge n. 83/2012, convertito con modificazioni dalla Legge n. 134/2012)

2 (Decreto Legge n. 179/2012, convertito con Legge n. 221/2012)

3 (Decreto Legge n. 145/2013 convertito con modificazioni dalla Legge n. 9/2014)

4 (Decreto Legge n.66 del 2014, convertito dalla legge n.89/2014)8

Page 9: Orrick- esperienza nei minibond...Corporate oCapital Markets oCompensation and Benefits oEmerging Companies ... TBS Group S.p.A. 6,50% 2014 – 2019 Legal assistance. in the issue

• Alcuni dati rilevanti:

o oltre 500 milioni di Euro è il valore aggregato di emissioni di Minibond portate a termine dal Finance

team Orrick a in qualità di advisor di arranger, underwriter, dealer ed emittenti;

o su un totale di circa 90 emissioni di Minibond tra il 2013 e 2015, la consulenza legale di circa la metà

delle emissioni è stata affidata ad Orrick;

o lo Studio è stato scelto come advisor legale per la costituzione del primo fondo in assoluto che

investe in Minibond, il "Fondo Minibond PMI Italia", costituito e promosso da Banca Monte dei Paschi

di Siena, MPS Capital Services e Finanziaria Internazionale;

o Orrick è advisor legale privilegiato di altre 2 delle 5 maggiori piattaforme di investimento in

Minibond: "Fondo Crescita Impresa", promosso e gestito da Aletti SGR e Unicasim, e "Fondo BondImpresa Territorio", costituito e gestito da Anthilia Capital Partners SGR e Banca Akros, in qualità di

arranger delle emissioni.

o ha agito in qualità di unico advisor legale nell'emissione del primo Mini Green Bond da parte di una

società che opera nel settore delle energie rinnovabili;

o primo studio legale in Italia che ha portato a termine un'emissione in forma dematerializzata di

cambiali finanziarie;

o lo Studio è l'ideatore del primo Minibond Day, incontro tenutosi a Londra alla presenza di oltre 100 tra

i più influenti rappresentanti della comunità finanziaria a livello europeo;

o tra il 2013 e il 2015, i professionisti più senior del team di Orrick che si occupa di Minibond sono stati

regolarmente invitati come relatori ad eventi sui Minibond. Finora lo Studio ha partecipato ad almeno

15 dei principali convegni che sono stati organizzati in Italia.

Esperienza sui Minibond

9

Page 10: Orrick- esperienza nei minibond...Corporate oCapital Markets oCompensation and Benefits oEmerging Companies ... TBS Group S.p.A. 6,50% 2014 – 2019 Legal assistance. in the issue

• Orrick è interlocutore privilegiato di:

o Ministero per lo Sviluppo Economico e ABI che hanno consultato Orrick per la

formulazione di una disposizione diretta ad agevolare la concessione di garanzie suiMinibond. Tale disposizione è stata recepita nel decreto Destinazione Italia,

prevedendo che per tutte le garanzie concesse, anche da parte di terzi, sui Minibond,

l'emittente possa scegliere di applicare l'imposta sostitutiva (0.25% sull'importo

dell'emissione) in luogo della imposta di registro (0.5%) e di ogni altra imposta dovuta

per la costituzione delle garanzie.

o Confindustria che ha individuato Orrick come partner per far conoscere alle PMI sul

territorio lo strumento dei Minibond. In particolare lo Studio ha collaborato finora con

Confindustria Toscana, Confindustria Roma, Confindustria Milano, Confindustria

Padova e Confindustria Vicenza, nell'ambito della promozione del sopra citato Fondo

Minibond PMI Italia.

Esperienza sui Minibond

10

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Esperienza sui Minibond

11

Incarichi svolti

FONDO PMI ITALIA

Legal assistance in the incorporation of

the first fund in Italy investing in senior

unsecured Mini-bonds having a raising

fund target of

7 years /€100 – 150 million

Deal Legal Counsel

FONDO PMI ITALIA

Legal assistance in the incorporation of

the first fund in Italy investing in senior

unsecured Mini-bonds having a raising

fund target of

7 years /€100 – 150 million

Deal Legal Counsel

FONDO PMI ITALIA

Legal assistance in the incorporation of

the first fund in Italy investing in senior

unsecured Mini-bonds having a raising

fund target of

7 years /€100 – 150 million

Deal Legal Counsel

BOND IMPRESA E TERRITORIO

Legal assistance in the incorporation of a

closed fund investing in Mini-bonds

having a raising fund target of

2 years/€ 200 million

Deal Legal Counsel

BOND IMPRESA E TERRITORIO

Legal assistance in the incorporation of a

closed fund investing in Mini-bonds

having a raising fund target of

2 years/€ 200 million

Deal Legal Counsel

BOND IMPRESA E TERRITORIO

Legal assistance in the incorporation of a

closed fund investing in Mini-bonds

having a raising fund target of

2 years/€ 200 million

Deal Legal Counsel

FONDO CRESCITA IMPRESA

Legal assistance in the incorporation of a

closed fund having a raising fund target

of

2 years/€ 200 million

Deal Legal Counsel

FONDO CRESCITA IMPRESA

Legal assistance in the incorporation of a

closed fund having a raising fund target

of

2 years/€ 200 million

Deal Legal Counsel

FONDO CRESCITA IMPRESA

Legal assistance in the incorporation of a

closed fund having a raising fund target

of

2 years/€ 200 million

Deal Legal Counsel

TREVI – Finanziaria Industriale S.p.A.

Legal assistance to TREVI – Finanziaria

Industriale S.p.A. and Banca Popolare di

Vicenza in the issue of

€ 50,000,000 – 5,25% – 2019 maturity

Mini-bond

Adviser to the issuer, arranger and

distrubutor

TREVI – Finanziaria Industriale S.p.A.

Legal assistance to TREVI – Finanziaria

Industriale S.p.A. and Banca Popolare di

Vicenza in the issue of

€ 50,000,000 – 5,25% – 2019 maturity

Mini-bond

Adviser to the issuer, arranger and

distrubutor

TREVI – Finanziaria Industriale S.p.A.

Legal assistance to TREVI – Finanziaria

Industriale S.p.A. and Banca Popolare di

Vicenza in the issue of

€ 50,000,000 – 5,25% – 2019 maturity

Mini-bond

Adviser to the issuer, arranger and

distrubutor

Meridie S.p.A.

Legal assistance to Meridie (investment

firm, M&A , Private Equity and strategic

business advisor for SMEs in the South of Italy) in the issue of

€ 4,000,000 – 8% – 2015 maturity

Mini-bonds

Adviser to the issuer

Meridie S.p.A.

Legal assistance to Meridie (investment

firm, M&A , Private Equity and strategic

business advisor for SMEs in the South of Italy) in the issue of

€ 4,000,000 – 8% – 2015 maturity

Mini-bonds

Adviser to the issuer

Meridie S.p.A.

Legal assistance to Meridie (investment

firm, M&A , Private Equity and strategic

business advisor for SMEs in the South of Italy) in the issue of

€ 4,000,000 – 8% – 2015 maturity

Mini-bonds

Adviser to the issuer

Sipcam S.p.A.

Legal assistance to Sipcam S.p.A. in

the issue of

€ 15,000,000 – 6,50% – 2019 maturity

Mini-bond

Adviser to the issuer

Sipcam S.p.A.

Legal assistance to Sipcam S.p.A. in

the issue of

€ 15,000,000 – 6,50% – 2019 maturity

Mini-bond

Adviser to the issuer

Sipcam S.p.A.

Legal assistance to Sipcam S.p.A. in

the issue of

€ 15,000,000 – 6,50% – 2019 maturity

Mini-bond

Adviser to the issuer

Alessandro Rosso Goup

Legal assistance to Alessandro Rosso

Group in the issue of

€ 4,000,000 – 10% – 2018 maturity

Senior Mini-bond

Adviser to the issuer

Alessandro Rosso Goup

Legal assistance to Alessandro Rosso

Group in the issue of

€ 4,000,000 – 10% – 2018 maturity

Senior Mini-bond

Adviser to the issuer

Alessandro Rosso Goup

Legal assistance to Alessandro Rosso

Group in the issue of

€ 4,000,000 – 10% – 2018 maturity

Senior Mini-bond

Adviser to the issuer

TBS Group S.p.A. 6,50% 2014 – 2019

Legal assistance. in the issue of

€ 15,000,000 – 6,5% – 2019 maturity

Mini-bond

Adviser to the issuer, arranger, agent bank, lead manager and underwriter

TBS Group S.p.A. 6,50% 2014 – 2019

Legal assistance. in the issue of

€ 15,000,000 – 6,5% – 2019 maturity

Mini-bond

Adviser to the issuer, arranger, agent bank, lead manager and underwriter

TBS Group S.p.A. 6,50% 2014 – 2019

Legal assistance. in the issue of

€ 15,000,000 – 6,5% – 2019 maturity

Mini-bond

Adviser to the issuer, arranger, agent bank, lead manager and underwriter

Finanziaria Internazionale Holding S.p.A.

Legal assistance to Finanziaria

Internazionale in the issue of

€ 12,000,000 – 5% – 2015 maturity

Senior Mini-bond

Adviser to the issuer

Finanziaria Internazionale Holding S.p.A.

Legal assistance to Finanziaria

Internazionale in the issue of

€ 12,000,000 – 5% – 2015 maturity

Senior Mini-bond

Adviser to the issuer

Finanziaria Internazionale Holding S.p.A.

Legal assistance to Finanziaria

Internazionale in the issue of

€ 12,000,000 – 5% – 2015 maturity

Senior Mini-bond

Adviser to the issuer

Enna Energia S.r.l.

Legal assistance to Enna Energia S.r.l.

in the issue of

€ 3,200,000 – 5% 2019 maturity

Mini Green bond

Adviser to the issuer

Enna Energia S.r.l.

Legal assistance to Enna Energia S.r.l.

in the issue of

€ 3,200,000 – 5% 2019 maturity

Mini Green bond

Adviser to the issuer

Enna Energia S.r.l.

Legal assistance to Enna Energia S.r.l.

in the issue of

€ 3,200,000 – 5% 2019 maturity

Mini Green bond

Adviser to the issuer

Page 12: Orrick- esperienza nei minibond...Corporate oCapital Markets oCompensation and Benefits oEmerging Companies ... TBS Group S.p.A. 6,50% 2014 – 2019 Legal assistance. in the issue

Esperienza sui Minibond

12

TerniEnergia S.p.A.

Legal assistance to Ternienergia and

JCI Capital in the issue of

€ 25,000,000 – 6.875% – 2019 maturity

Senior bond

Adviser to the issuer and the sole lead

manager

TerniEnergia S.p.A.

Legal assistance to Ternienergia and

JCI Capital in the issue of

€ 25,000,000 – 6.875% – 2019 maturity

Senior bond

Adviser to the issuer and the sole lead

manager

TerniEnergia S.p.A.

Legal assistance to Ternienergia and

JCI Capital in the issue of

€ 25,000,000 – 6.875% – 2019 maturity

Senior bond

Adviser to the issuer and the sole lead

manager

FRI–EL BIOGAS S.p.A.

Legal assistance to FRI–EL BIOGAS

S.p.A. in the issue of

€ 12,000,000 – 4,9% – 2021 maturity

Mini Green bond

Adviser to the issuer

FRI–EL BIOGAS S.p.A.

Legal assistance to FRI–EL BIOGAS

S.p.A. in the issue of

€ 12,000,000 – 4,9% – 2021 maturity

Mini Green bond

Adviser to the issuer

FRI–EL BIOGAS S.p.A.

Legal assistance to FRI–EL BIOGAS

S.p.A. in the issue of

€ 12,000,000 – 4,9% – 2021 maturity

Mini Green bond

Adviser to the issuer

Dynamica Retail S.p.A.

Legal assistance to Dynamica Retail

S.p.A.

in the issue of

€ 5,000,000 – 6% 2019 maturity

Mini-bond

Adviser to the issuer

Dynamica Retail S.p.A.

Legal assistance to Dynamica Retail

S.p.A.

in the issue of

€ 5,000,000 – 6% 2019 maturity

Mini-bond

Adviser to the issuer

Dynamica Retail S.p.A.

Legal assistance to Dynamica Retail

S.p.A.

in the issue of

€ 5,000,000 – 6% 2019 maturity

Mini-bond

Adviser to the issuer

Microcinema S.p.A.

Legal assistance to Microcinema in the

issue of

€ 1,500,000 – 8,125% – 2017 maturity

Senior Mini-bond

Adviser to the issuer

Microcinema S.p.A.

Legal assistance to Microcinema in the

issue of

€ 1,500,000 – 8,125% – 2017 maturity

Senior Mini-bond

Adviser to the issuer

Microcinema S.p.A.

Legal assistance to Microcinema in the

issue of

€ 1,500,000 – 8,125% – 2017 maturity

Senior Mini-bond

Adviser to the issuer

Sud Commerci S.r.l.

Legal assistance to Sudcommerci

(advisor in the project design,

development and constructions of malls in the Apulia Region) in the issue of

€ 22,000,000 – 6% – 2018 maturity

Secured Mini-bond

Adviser to the issuer

Sud Commerci S.r.l.

Legal assistance to Sudcommerci

(advisor in the project design,

development and constructions of malls in the Apulia Region) in the issue of

€ 22,000,000 – 6% – 2018 maturity

Secured Mini-bond

Adviser to the issuer

Sud Commerci S.r.l.

Legal assistance to Sudcommerci

(advisor in the project design,

development and constructions of malls in the Apulia Region) in the issue of

€ 22,000,000 – 6% – 2018 maturity

Secured Mini-bond

Adviser to the issuer

Buscaini Angelo S.p.A.

Legal assistance to Buscaini Angelo

in the first issue in Italy of

€10,000,000 – 7% – 2015 maturity

Cambiali Finanziarie

Adviser to the issuer

Buscaini Angelo S.p.A.

Legal assistance to Buscaini Angelo

in the first issue in Italy of

€10,000,000 – 7% – 2015 maturity

Cambiali Finanziarie

Adviser to the issuer

Buscaini Angelo S.p.A.

Legal assistance to Buscaini Angelo

in the first issue in Italy of

€10,000,000 – 7% – 2015 maturity

Cambiali Finanziarie

Adviser to the issuer

Exprivia Healthcare S.p.A.

Legal assistance to ExpriviaHealthcare IT s.r.l. in the issue of

€ 5,000,000 –5.2% – 2018 maturity

Mini-bond

Adviser to the issuer, arranger, distrubutor and underwriter

Exprivia Healthcare S.p.A.

Legal assistance to ExpriviaHealthcare IT s.r.l. in the issue of

€ 5,000,000 –5.2% – 2018 maturity

Mini-bond

Adviser to the issuer, arranger, distrubutor and underwriter

Exprivia Healthcare S.p.A.

Legal assistance to ExpriviaHealthcare IT s.r.l. in the issue of

€ 5,000,000 –5.2% – 2018 maturity

Mini-bond

Adviser to the issuer, arranger, distrubutor and underwriter

Tesmec S.p.A.

Legal assistance to Banca Popolare di

Vicenza and KNG Securities LLP in the

issue of

€ 15,000,000 – 6% – 2021 maturity

Mini-bond

Adviser to the arrangers, distrubutors

and underwriters

Tesmec S.p.A.

Legal assistance to Banca Popolare di

Vicenza and KNG Securities LLP in the

issue of

€ 15,000,000 – 6% – 2021 maturity

Mini-bond

Adviser to the arrangers, distrubutors

and underwriters

Tesmec S.p.A.

Legal assistance to Banca Popolare di

Vicenza and KNG Securities LLP in the

issue of

€ 15,000,000 – 6% – 2021 maturity

Mini-bond

Adviser to the arrangers, distrubutors

and underwriters

IMI FABI S.p.A.

Legal assistance to IMI FABI S.p.A. in

the issue of

€ 7,000,000 – 6.3% 2020 maturity

Mini-bond

Adviser to the issuer and the underwriter

IMI FABI S.p.A.

Legal assistance to IMI FABI S.p.A. in

the issue of

€ 7,000,000 – 6.3% 2020 maturity

Mini-bond

Adviser to the issuer and the underwriter

IMI FABI S.p.A.

Legal assistance to IMI FABI S.p.A. in

the issue of

€ 7,000,000 – 6.3% 2020 maturity

Mini-bond

Adviser to the issuer and the underwriter

Global System International S.p.A.

Legal assistance to Global System

International S.p.A. in the issue of

€ 5,400,000 – 6.75% – 2019 maturity

Mini-bond

Adviser to the issuer, arranger and underwriter

Global System International S.p.A.

Legal assistance to Global System

International S.p.A. in the issue of

€ 5,400,000 – 6.75% – 2019 maturity

Mini-bond

Adviser to the issuer, arranger and underwriter

Global System International S.p.A.

Legal assistance to Global System

International S.p.A. in the issue of

€ 5,400,000 – 6.75% – 2019 maturity

Mini-bond

Adviser to the issuer, arranger and underwriter

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Esperienza sui Minibond

13

Rigoni di Asiago S.p.A.

Legal assistance to Rigoni di Asiago as

issuer and Banca Popolare di Vicenza

as arranger in the issue of

€ 7,000,000 – 6,25% – 2019 maturity

Mini-bond

Adviser to the issuer, arranger and

distrubutor

Rigoni di Asiago S.p.A.

Legal assistance to Rigoni di Asiago as

issuer and Banca Popolare di Vicenza

as arranger in the issue of

€ 7,000,000 – 6,25% – 2019 maturity

Mini-bond

Adviser to the issuer, arranger and

distrubutor

Rigoni di Asiago S.p.A.

Legal assistance to Rigoni di Asiago as

issuer and Banca Popolare di Vicenza

as arranger in the issue of

€ 7,000,000 – 6,25% – 2019 maturity

Mini-bond

Adviser to the issuer, arranger and

distrubutor

Coswell S.p.A.

Legal assistance to Coswell S.p.A. in

the issue of

€ 15,000,000 – 6,80% – 2019 maturity

Mini-bond

Adviser to the issuer

Coswell S.p.A.

Legal assistance to Coswell S.p.A. in

the issue of

€ 15,000,000 – 6,80% – 2019 maturity

Mini-bond

Adviser to the issuer

Coswell S.p.A.

Legal assistance to Coswell S.p.A. in

the issue of

€ 15,000,000 – 6,80% – 2019 maturity

Mini-bond

Adviser to the issuer

E.S.tr.A. S.p.A.

Legal assistance to E.s.tr.a S.p.A. as

issuer and Banca Popolare di Vicenza,

as arranger and distrubutor, in the issueof

€ 50,000,000 – 5% – 2019 maturity

Mini-bond

Adviser to the issuer, arranger and

distrubutor

E.S.tr.A. S.p.A.

Legal assistance to E.s.tr.a S.p.A. as

issuer and Banca Popolare di Vicenza,

as arranger and distrubutor, in the issueof

€ 50,000,000 – 5% – 2019 maturity

Mini-bond

Adviser to the issuer, arranger and

distrubutor

E.S.tr.A. S.p.A.

Legal assistance to E.s.tr.a S.p.A. as

issuer and Banca Popolare di Vicenza,

as arranger and distrubutor, in the issueof

€ 50,000,000 – 5% – 2019 maturity

Mini-bond

Adviser to the issuer, arranger and

distrubutor

Gruppo PSC S.p.A.

Legal assistance to Gruppo PSC S.p.A.

in the issue of

€ 5,000,000 – 6% – 2019 maturity

Mini-bond

Adviser to the issuer, arranger and

underwriter

Gruppo PSC S.p.A.

Legal assistance to Gruppo PSC S.p.A.

in the issue of

€ 5,000,000 – 6% – 2019 maturity

Mini-bond

Adviser to the issuer, arranger and

underwriter

Gruppo PSC S.p.A.

Legal assistance to Gruppo PSC S.p.A.

in the issue of

€ 5,000,000 – 6% – 2019 maturity

Mini-bond

Adviser to the issuer, arranger and

underwriter

Medicina Futura - Coleman S.p.A.

Legal assistance to Anthilia BIT (as

underwriter) in the issue by Medicina

Futura – Coleman S.p.A. of

€ 8,000,000 – 6.5% – 2023 maturity

Unsecured Mini-bond

Adviser to the underwriter

Medicina Futura - Coleman S.p.A.

Legal assistance to Anthilia BIT (as

underwriter) in the issue by Medicina

Futura – Coleman S.p.A. of

€ 8,000,000 – 6.5% – 2023 maturity

Unsecured Mini-bond

Adviser to the underwriter

Medicina Futura - Coleman S.p.A.

Legal assistance to Anthilia BIT (as

underwriter) in the issue by Medicina

Futura – Coleman S.p.A. of

€ 8,000,000 – 6.5% – 2023 maturity

Unsecured Mini-bond

Adviser to the underwriter

Corvallis S.p.A.

Legal assistance to Banca Popolare di

Vicenza, as arranger, agent bank, lead

manager and underwriter, and to the issuer, Corvallis S.p.A. in the issue of

€ 10,000,000 – 6.25% – 2021 maturity

Mini-bond

Adviser to the arranger, agent bank, lead

manager and underwriter, and to the issuer

Corvallis S.p.A.

Legal assistance to Banca Popolare di

Vicenza, as arranger, agent bank, lead

manager and underwriter, and to the issuer, Corvallis S.p.A. in the issue of

€ 10,000,000 – 6.25% – 2021 maturity

Mini-bond

Adviser to the arranger, agent bank, lead

manager and underwriter, and to the issuer

Corvallis S.p.A.

Legal assistance to Banca Popolare di

Vicenza, as arranger, agent bank, lead

manager and underwriter, and to the issuer, Corvallis S.p.A. in the issue of

€ 10,000,000 – 6.25% – 2021 maturity

Mini-bond

Adviser to the arranger, agent bank, lead

manager and underwriter, and to the issuer

Dynamica Retail S.p.A.

Legal assistance to Dynamica Retail

S.p.A.

in the 2° issue of

€ 2,700,000 - 6% - 2019 maturity

Mini-bond

Adviser to the issuer

Dynamica Retail S.p.A.

Legal assistance to Dynamica Retail

S.p.A.

in the 2° issue of

€ 2,700,000 - 6% - 2019 maturity

Mini-bond

Adviser to the issuer

Dynamica Retail S.p.A.

Legal assistance to Dynamica Retail

S.p.A.

in the 2° issue of

€ 2,700,000 - 6% - 2019 maturity

Mini-bond

Adviser to the issuer

DEDA Group S.p.A.

Legal assistance to Dedagroup S.p.A. in

the issue of

€ 10,000,000 – 6,35% - 2019 maturity

Mini-bond

Adviser to the issuer, arranger,

distrubutor and sole underwriter

DEDA Group S.p.A.

Legal assistance to Dedagroup S.p.A. in

the issue of

€ 10,000,000 – 6,35% - 2019 maturity

Mini-bond

Adviser to the issuer, arranger,

distrubutor and sole underwriter

DEDA Group S.p.A.

Legal assistance to Dedagroup S.p.A. in

the issue of

€ 10,000,000 – 6,35% - 2019 maturity

Mini-bond

Adviser to the issuer, arranger,

distrubutor and sole underwriter

Eurotranciatura S.p.A.

Legal assistance to Eurotranciatura

S.p.A. in the issue of

€ 5,000,000 –5% – 2019 maturity

Mini-bond

Adviser to the issuer, arranger and underwriter

Eurotranciatura S.p.A.

Legal assistance to Eurotranciatura

S.p.A. in the issue of

€ 5,000,000 –5% – 2019 maturity

Mini-bond

Adviser to the issuer, arranger and underwriter

Eurotranciatura S.p.A.

Legal assistance to Eurotranciatura

S.p.A. in the issue of

€ 5,000,000 –5% – 2019 maturity

Mini-bond

Adviser to the issuer, arranger and underwriter

Innovatec S.p.A.

Legal assistance to Innovatec S.p.A. in

the issue of

€ 15,000,000 – 8.125% – 2020 maturity

Mini Green bond

Adviser to the issuer, arranger and

underwriter

Innovatec S.p.A.

Legal assistance to Innovatec S.p.A. in

the issue of

€ 15,000,000 – 8.125% – 2020 maturity

Mini Green bond

Adviser to the issuer, arranger and

underwriter

Innovatec S.p.A.

Legal assistance to Innovatec S.p.A. in

the issue of

€ 15,000,000 – 8.125% – 2020 maturity

Mini Green bond

Adviser to the issuer, arranger and

underwriter

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Esperienza sui Minibond

14

Asja Ambiente S.p.A.Legal assistance to Asja Ambiente

S.p.A., Anthilia Capital Partners SGR, Anthilia BIT and Banca Popolare di Bari

in the issue of

€ 20,000,0006,75 % – 2023 maturity

Mini-bond

Adviser to the issuer, manager and

underwriter

Asja Ambiente S.p.A.Legal assistance to Asja Ambiente

S.p.A., Anthilia Capital Partners SGR, Anthilia BIT and Banca Popolare di Bari

in the issue of

€ 20,000,0006,75 % – 2023 maturity

Mini-bond

Adviser to the issuer, manager and

underwriter

Asja Ambiente S.p.A.Legal assistance to Asja Ambiente

S.p.A., Anthilia Capital Partners SGR, Anthilia BIT and Banca Popolare di Bari

in the issue of

€ 20,000,0006,75 % – 2023 maturity

Mini-bond

Adviser to the issuer, manager and

underwriter

Geodata S.p.A.

Legal assistance to arranger and

underwriter in the issue of

€ 6,000,000 – 6.40% – 2021 maturity

Mini-bond

Adviser to the arranger and underwriter

Geodata S.p.A.

Legal assistance to arranger and

underwriter in the issue of

€ 6,000,000 – 6.40% – 2021 maturity

Mini-bond

Adviser to the arranger and underwriter

Geodata S.p.A.

Legal assistance to arranger and

underwriter in the issue of

€ 6,000,000 – 6.40% – 2021 maturity

Mini-bond

Adviser to the arranger and underwriter

Finanziaria Internazionale Holding S.p.A.

Legal assistance to Finanziaria

Internazionale in the 2nd issue of

€ 15,000,000 – 5% – 2015 maturity

Senior Mini-bond

Adviser to the issuer

Finanziaria Internazionale Holding S.p.A.

Legal assistance to Finanziaria

Internazionale in the 2nd issue of

€ 15,000,000 – 5% – 2015 maturity

Senior Mini-bond

Adviser to the issuer

Finanziaria Internazionale Holding S.p.A.

Legal assistance to Finanziaria

Internazionale in the 2nd issue of

€ 15,000,000 – 5% – 2015 maturity

Senior Mini-bond

Adviser to the issuer

Egea S.p.A.

Legal assistance to Iccrea

Bancaimpresa S.p.A., as arranger, in the

issue by Egea S.p.A. of

€ 15,000,000 – 5.5% – 2021 maturity

Mini-bond

Adviser to the arranger

Egea S.p.A.

Legal assistance to Iccrea

Bancaimpresa S.p.A., as arranger, in the

issue by Egea S.p.A. of

€ 15,000,000 – 5.5% – 2021 maturity

Mini-bond

Adviser to the arranger

Egea S.p.A.

Legal assistance to Iccrea

Bancaimpresa S.p.A., as arranger, in the

issue by Egea S.p.A. of

€ 15,000,000 – 5.5% – 2021 maturity

Mini-bond

Adviser to the arranger

Ferrarini S.p.A.

Legal assistance to Banca Popolare di

Vicenza, as arranger, agent bank,and

jointly with KNG Securities, as lead manager and underwriter, in the issue by

Ferrarini S.p.A. of

€ 30,000,000 – 6.375% – 2020 maturity

Mini-bond

Adviser to the arranger, agent bank, lead managers and underwriters

Ferrarini S.p.A.

Legal assistance to Banca Popolare di

Vicenza, as arranger, agent bank,and

jointly with KNG Securities, as lead manager and underwriter, in the issue by

Ferrarini S.p.A. of

€ 30,000,000 – 6.375% – 2020 maturity

Mini-bond

Adviser to the arranger, agent bank, lead managers and underwriters

Ferrarini S.p.A.

Legal assistance to Banca Popolare di

Vicenza, as arranger, agent bank,and

jointly with KNG Securities, as lead manager and underwriter, in the issue by

Ferrarini S.p.A. of

€ 30,000,000 – 6.375% – 2020 maturity

Mini-bond

Adviser to the arranger, agent bank, lead managers and underwriters

MEP S.p.A.

Legal assistance in the issue by MEP

S.p.A. of

€ 5,000,000 – 5,75% – 2019 maturity

Mini-bond

Deal legal counsel

MEP S.p.A.

Legal assistance in the issue by MEP

S.p.A. of

€ 5,000,000 – 5,75% – 2019 maturity

Mini-bond

Deal legal counsel

MEP S.p.A.

Legal assistance in the issue by MEP

S.p.A. of

€ 5,000,000 – 5,75% – 2019 maturity

Mini-bond

Deal legal counsel

Micoperi S.p.A.

Legal assistance to Banca Popolare di

Vicenza as arranger, agent bank and

underwriter together with KNG also al distributor in the issue by Micoperi S.p.A.

of

€ 35,000,000 – 5,75% – 2020 maturity

Mini-bond

Deal legal counsel

Micoperi S.p.A.

Legal assistance to Banca Popolare di

Vicenza as arranger, agent bank and

underwriter together with KNG also al distributor in the issue by Micoperi S.p.A.

of

€ 35,000,000 – 5,75% – 2020 maturity

Mini-bond

Deal legal counsel

Micoperi S.p.A.

Legal assistance to Banca Popolare di

Vicenza as arranger, agent bank and

underwriter together with KNG also al distributor in the issue by Micoperi S.p.A.

of

€ 35,000,000 – 5,75% – 2020 maturity

Mini-bond

Deal legal counsel

Cartiere Villa Lagarina S.p.A.

Legal assistance to Cartiere Villa

Lagarina S.p.A. in the issue of

Total amount € 10,000,000

– 5,0% – 2022

and – 5,0% - 2020 maturity

Mini-bond

Adviser to the arranger and the issuer

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Minibond Team

15

Patrizio MessinaManaging Partner ItaliaHead of Italian Finance [email protected]

Sabrina SetiniSenior Associate – Finance [email protected]

Giulia ScirpaSenior Associate – Finance [email protected]

Andrea CiciaSenior Associate – Finance [email protected]

Alessandro AccroccaSenior Associate – Finance [email protected]

Roberto PercocoAssociate – Finance [email protected]

Page 16: Orrick- esperienza nei minibond...Corporate oCapital Markets oCompensation and Benefits oEmerging Companies ... TBS Group S.p.A. 6,50% 2014 – 2019 Legal assistance. in the issue

Global Office Locations

ROMEOrrick, Herrington & Sutcliffe

Piazza della Croce Rossa, 2

00161 Rome

Italy

Tel: +39–06–4521–3900

Fax: +39–06–6819–2393

SACRAMENTOOrrick, Herrington & Sutcliffe LLP

400 Capitol Mall

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Sacramento, CA 95814–4497

U.S.A.

Tel: +1–916–447–9200

Fax: +1–916–329–4900

SAN FRANCISCOOrrick, Herrington & Sutcliffe LLP

The Orrick Building

405 Howard Street

San Francisco, CA 94105–2669

U.S.A.

Tel: +1–415–773–5700

Fax: +1–415–773–5759

SEATTLEOrrick, Herrington & Sutcliffe LLP

Columbia Center

701 5th Avenue

Suite 5600

Seattle, WA 98104–7097

U.S.A.

Tel: +1–206–839–4300

Fax: +1–206–839–4301

SHANGHAIOrrick, Herrington & Sutcliffe

47/F Park Place

1601 Nanjing Road West

Shanghai 200040

People's Republic of China

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MUNICHOrrick, Herrington & Sutcliffe LLP

Rosental 4

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Germany

Tel: +49 (89)383980–0

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NEW YORKOrrick, Herrington & Sutcliffe LLP

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Tel: +1–212–506–5000

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ORANGE COUNTYOrrick, Herrington & Sutcliffe LLP

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PARISOrrick Rambaud Martel

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France

Tel: +33–1–5353–7500

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PORTLANDOrrick, Herrington & Sutcliffe LLP

1120 NW Couch Street

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BEIJINGOrrick, Herrington & Sutcliffe LLP

5701 China World Tower

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Beijing 100004

People's Republic of China

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BERLINOrrick Hölters & Elsing

Kurfürstendamm 185

10707 Berlin

Germany

Tel: +49 (0)30 885742–0

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BRUSSELSOrrick, Herrington & Sutcliffe LLP

Rue d'Idalie 9–13

1050 Brussels

Belgium

tel +32 (0)2 894 6440

fax +32 (0)2 648 4487

DÜSSELDORFOrrick Hölters & Elsing

Orrick Haus

Heinrich–Heine–Allee 12

40213 Düsseldorf

Germany

Tel: +49 (0)211–36787–0

Fax: +49 (0)211–36787–500

FRANKFURTOrrick Hölters & Elsing

Friedrichstrasse 31

60323 Frankfurt

Germany

Tel: +49 (0)69–71588–0

Fax: +49 (0)69–71588–588

SILICON VALLEYOrrick, Herrington & Sutcliffe LLP

1000 Marsh Road

Menlo Park, CA 94025–1015

U.S.A.

Tel: +1–650–614–7400

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TAIPEIOrrick Foreign Legal Affairs

Attorneys at Law

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Taipei 10549

Taiwan

Tel: + 886–2–2714–8100

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TOKYOOrrick Tokyo Law Offices

a gaikokuho joint enterprise

Izumi Garden Tower, 28th Floor

6–1 Roppongi 1–Chome

Minato–ku, Tokyo 106–6028

Japan

Tel: +81–3–3224–2900

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WASHINGTON, D.C.Orrick, Herrington & Sutcliffe LLP

The Orrick Building at Columbia Center

1152 15th Street N.W.

Washington, D.C. 20005–1706

U.S.A.

Tel: +1–202–339–8400

Fax: +1–202–339–8500

WHEELING, WVGlobal Operations Center

2121 Main Street

Wheeling, WV 26003

U.S.A.

Tel: +1–304–231–2500

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HONG KONGOrrick, Herrington & Sutcliffe

43rd Floor, Gloucester Tower

The Landmark

15 Queen's Road Central

Hong Kong

Tel: +852–2218–9100

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LONDONOrrick, Herrington & Sutcliffe

(Europe) LLP

107 Cheapside

London EC2V 6DN

DX: 557 London/City

United Kingdom

Tel: +44–20 7862 4600

Fax: +44–20 7862 4800

LOS ANGELESOrrick, Herrington & Sutcliffe LLP

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U.S.A.

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MILANOrrick, Herrington & Sutcliffe

Corso G. Matteotti, 10

20121 Milan

Italy

Tel: +39–02–4541–3800

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MOSCOWOrrick (CIS) LLC

7 Gasheka Street

Moscow 123056

Russia

Tel: +7–495–775–4805

Fax: +7–495–775–4806

16