DLA Piper and Pedersoli respectively advised DigitalPlatforms S.p.A. and illimity Bank S.p.A. in the financing transaction aimed at, inter alia, (i) acquiring Selta S.p.A., a company operating in the field of critical network infrastructure and security, and implementing and expanding of its business activities in Italy, mainly focussed on the internet of things and cybersecurity, and (ii) refinancing a portion of the indebtedness of DigitalPlatforms against RiverRock Italian Hybrid Capital Fund.
The credit facility in an overall amount of approx. EUR 14 million made available to DigitalPlatforms S.p.A. by illimity Bank S.p.A. is partially supported by a guarantee issued by SACE pursuant to the Liquidity Decree.
The acquisition transaction and, as a result, the financing, in light of the complex issues relating to the Presidency of the Council of Ministers and the Ministry of Defence.
DLA Piper advised DigitalPlatforms S.p.A. and LaCambre SCA Sicav Raif (based in Luxembourg) with a cross-practice team coordinated by Gabriele Arcuri (partner). Giovanni Ragnoni Bosco Lucarelli (partner), supported by Gianfranco Giorgio and Mariacarmela Timpone, managed the review and negotiation finance documents. Christian Iannaccone (partner), with the support of Giorgia Grande, managed “Golden Power” aspects.
illimity Bank S.p.A. was advised by Pedersoli Studio Legale with a team composed of Maura Magioncalda (equity partner), with the support of Giuseppe Smerlo, Daniele Moccia and Mattia Longo, together with Giuseppe Occhigrossi, as in-house counsel of illimity.
RiverRock Italian Hybrid Capital Fund was assisted by Molinari Agostinelli with a team composed of Marco Leonardi (partner) and Alessandro Pallavicini.