LAWFUEL – Europe Business & Law Network – Ashurst advised Banco Popolare di Verona e Novara S.c.r.l., Credito Bergamasco S.p.A. and Banca Popolare di Vicenza S.c.p.a. in relation to senior financing made available to Zi.Fi S.p.A. The facilities of €280 million have refinanced existing indebtedness in connection with the acquisition of Industrie Zignago Santa Margherita S.p.A. The firm also advised the three banks on €25 million senior working capital made available to Zignago Vetro S.p.A..
Industrie Zignago Santa Margherita is a leading Italian company in the agricultural and industrial sector. Zignago Vetro is a company of the same group which manufactures and distributes glass packaging products for the food, beverage, cosmetic and pharmaceutical industries.
The Ashurst international finance team was led by Milan managing partner Riccardo Agostinelli, assisted by Lorenzo Vernetti, Consuelo Citterio and Marco Leonardi.
Clifford Chance (Luca Lippolis and Fabrizio Occhipinti) advised Zi.Fi S.p.A. and Zignago Vetro S.p.A.