Loan aimed at the acquisition of the entire shareholding of a multinational group
Legal and tax assistance in the negotiation of a loan agreement with a leading Italian bank, aimed at the acquisition of the entire shareholding of a multinational group.
The Firm provided assistance to the majority shareholders of a multinational group in the negotiation and execution, through a newly incorporated special purpose vehicle, of an amortizing loan agreement, aimed at the acquisition of the entire share capital of the above-mentioned group. The loan is secured by a “security package”, which includes pledge on the shares of certain subsidiaries and assignment of receivables deriving from inter-company loans.
Furthermore, the Firm provided legal and tax assistance in completing certain corporate transactions in connection with the loan, including (i) the contribution in kind of the controlling shareholding of the group in the above-mentioned special purpose vehicle, as well as, (ii) the reverse merger by virtue of which the special purpose vehicle has been consolidated in the holding company.