Clifford Chance LLP : advises Cassa Depositi e Prestiti, Macquarie Infrastructure and Real Assets and Blackstone in the acquisition of Atlantia’s equity investment in Autostrade per l’Italia

Clifford Chance advises Cassa Depositi e Prestiti, Macquarie Infrastructure and Real Assets and Blackstone in the acquisition of Atlantia's equity investment in Autostrade per l'Italia

International law firm Clifford Chance advised the Consortium formed by Cassa Depositi e Prestiti, Blackstone Infrastructure Partners and Macquarie Infrastructure and Real Assets in the purchase of the 88.06% equity interest held by Atlantia in Autostrade per l'Italia S.p.A. for a total value of approximately 9.3 billion euros.

Clifford Chance assisted Cassa Depositi e Prestiti in the initial structuring phase the transaction, as well as the Consortium formed by Cassa Depositi e Prestiti, Macquarie Infrastructure and Real Assets and Blackstone in various aspects of the transaction, including assessments on the proceedings deriving from the Morandi bridge collapse and the financial and regulatory implications of the operation. The Firm also assisted Macquarie Infrastructure and Real Assets for the civil and fiscal aspects in the negotiation of consortium agreements with Cassa Depositi e Prestiti and Blackstone.

Clifford Chance advised on the various aspects of this complex deal with a large and multidisciplinary team of professionals from Milan and Rome offices led by partners Paolo Sersale and Umberto Penco Salvi, also including for M&A matters, partner Claudio Cerabolini, counsel Stefano Parrocchetti Piantanida, senior associate Cristiana Visco, associates Giulia Ricci and Lisa Falcioni Nicoletti and trainees Elena Calsamiglia, Gabriele Greco and Stefania Maracich (all Corporate, Milan); as with regards to the impact assessments on the target's bank and bond loans, the team consisted of partners Charles Adams and Filippo Emanuele, with senior associates Chiara Commis and Jonathan Astbury (all Finance & Capital Markets, Milan); in relation to the loan contracted by Macquarie Infrastructure & Real Assets to finance the acquisition advice was provided by partner Giuseppe De Palma and associate Giuseppe Chiaula; civil law risk assessments regarding the target and in particular the proceedings deriving from the Morandi bridge collapse were covered by partner Carlo Giampaolino with senior associate Andrea Andolina (both Litigation & Dispute Resolution, Rome/Milan); for compliance and risk management profiles and for the criminal implications also related to the Morandi bridge collapse, the team included partner Antonio Golino, senior associate Pasquale Grella and associate Giada Scarnera (all Litigation & Dispute Resolution, Milan); Antitrust and Golden Power aspects were covered by partner Luciano Di Via and senior associate Pasquale Leone (both Antitrust, Rome); for fiscal matters advice was provided by partner Carlo Galli and senior associate Andrea Sgrilli (both Tax, Milan) and finally, labour law aspects were covered by partner Simonetta Candela and senior associate Marina Mobiglia (both Employment, Milan).