Clessidra SGR’s €160 Million Financing

White & Case LLP advised the lenders on the deal.

A group of lenders granted the €160 million senior term and revolving credit facility to the private equity fund Clessidra SGR to finance the acquisition of Casa Vinicola Botter S.p.A. 

The lenders comprised Banco BPM S.p.A., Banca Ifis S.p.A., Banca Nazionale del Lavoro S.p.A., MPS Capital Services S.p.A., Muzinich European Senior Secured Private Debt I, SCSP, Muzinich & Co. Società di Gestione del Risparmio S.p.A., Deutsche Bank S.p.A., Crédit Agricole FriulAdria S.p.A. and UBI Banca S.p.A.

Clessidra SGR, wholly owned by the investment holding company Italmobiliare S.p.A. since October 2019, is the leading manager of Private Equity funds exclusively dedicated to the Italian market.

Casa Vinicola Botter S.p.A. is a Venetian company and a leading player among the major producers and exporters of Italian wine in the world, owned by the Botter family and DeA Capital.

The White & Case team in Milan which advised the lenders on the transaction included partners Iacopo Canino (Picture) and Gianluca Fanti, associate Stefano Bellani and lawyer Luca Misseroni.

Involved fees earner: Stefano Bellani – White & Case; Iacopo Canino – White & Case; Gianluca Fanti – White & Case; Luca Misseroni – White & Case;

Law Firms: White & Case;

Clients: Banca IFIS; Banca Nazionale del Lavoro; Banco BPM S.p.A.; Crédit Agricole Friuladria; Deutsche Bank; Mps Capital Services; Muzinich & Co Limited; Muzinich European Senior Secured Private Debt I; Ubi Banca Gruppo;

Author: Federica Tiefenthaler