Archmore Emerald Italy S.r.l.’s Debt Refinancing

Ashurst advised the lending banks, while Agnoli and Giuggioli and Gianni & Origoni advised UBS and Econergy.

On March 2, 2022, the corporate and financial reorganization of the group operating in the renewable energy sector, headed in Italy by Archmore Emerald Italy S.r.l., was successfully completed. and managed by UBS Asset Management, in collaboration with Econergy as asset manager.

The transaction followed UBS’s recent entry into the Italian renewables market and allowed the group itself to rationalize its corporate structure and optimize the terms and conditions of project finance loans, laying the foundations for further growth.

Ashurst assisted the lending banks (Intesa Sanpaolo and UniCredit as lender) with a team led by managing partner Carloandrea Meacci supported by associates Paolo Gallarà, Fabrizio Bergo and Andrea Enni. The administrative law profiles were followed by the partner Elena Giuffrè and the associate Gianluca Di Stefano, while those of a fiscal nature were followed by the partner Michele Milanese.

Agnoli and Giuggioli and Gianni & Origoni have assisted UBS and Econergy with a team led, as regards AG, by the partners Giulio Giuggioli and Roberta Ardigò and by the associate Andrea Rossi and, as regards GOP, by the partner Ottaviano Sanseverino and the associates Federica Formentin and Filippo Sicchiero, as well as, for tax aspects, by the counsel Francesca Staffieri and the associate Luigi Marsella.

Involved fees earner: Roberta Ardigò – Agnoli e Giuggioli, AG Studio Legale; Giulio Giuggioli – Agnoli e Giuggioli, AG Studio Legale; Fabrizio Bergo – Ashurst; Gianluca Di Stefano – Ashurst; Andrea Enni – Ashurst; Elena Giuffrè – Ashurst; Carloandrea Meacci – Ashurst; Michele Milanese – Ashurst; Federica Formentin – Gianni & Origoni; Paolo Gallarà – Gianni & Origoni; Luigi Marsella – Gianni & Origoni; Ottaviano Sanseverino – Gianni & Origoni; Filippo Sicchiero – Gianni & Origoni; Francesca Staffieri – Gianni & Origoni;

Law Firms: Agnoli e Giuggioli, AG Studio Legale; Ashurst; Gianni & Origoni;

Clients: Econergy; Intesa Sanpaolo S.p.A.; UBS; Unicredit S.p.A.;

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Author: Michael Patrini