Equitix’s acquisition of 85% interest in Novara Salute e Servizi S.p.A.

McDermott Will & Emery represented Pessina Costruzioni, as sponsor and main shareholder, in the transfer of 85% shares in its subsidiary, Novara Salute e Servizi S.p.A. to the UK based infrastructure fund Equitix.

Novara Salute e Servizi S.p.A. is a special purpose vehicle (SPV) entrusted as a concessionaire for the design, construction, finance and operations of the new Hospital of Novara under a Public Private Partnership scheme.

McDermott Will & Emery advised Pessina Costruzioni and the SPV in all matters concerning the divestment, including negotiations with existing financiers and a revision of the concession with the Grantor, pursuant to recent provisions enacted by the Italian Government and aimed at achieving savings in the healthcare sector.

The Firm’s team was led by partner Marco Cerritelli supported by associates Valentina Perrone, Gianmarco Scialpi, Paolo Cocchini and Riccardo Narducci.

DLA Piper has advised Equitix on the deal with a team led by Francesco Ferrari, alongside Giorgia Romitelli, Christian Iannaccone, Silvia Ravagnani, Alvise Portinari and Giorgia Grande.

Involved fees earner: Francesco Ferrari – DLA Piper; Silvia Ravagnani – DLA Piper; Alvise Portinari – DLA Piper; Giorgia Romitelli – DLA Piper; Christian Iannaccone – DLA Piper; Giorgia Grande – DLA Piper;

Law Firms: DLA Piper;

Clients: Equitix;