Alessandro Picchi

Equity Capital Markets

MEF's €1.4 billion block trade of Eni shares, 2024
Alessandro advised The Italian Ministry of Economy and Finance, as seller, in connection with a block trade of Eni's ordinary shares, corresponding to approximately 2.8% of the share capital of Eni, for a total amount of €1.4 billion. The placement was carried out through an accelerated book-building offering reserved to qualified investors in Italy and institutional investors outside of Italy.

Nexi's €584 million block trade, 2022
Alessandro advised Intesa Sanpaolo S.p.A. in connection with the placement of 5.1% of the share capital in Nexi, a leading Italian company in the digital payment solutions market, corresponding to a total amount equal to approximately €584 million. The placement was carried out through an accelerated bookbuild offering to qualified investors.

Banca Monte dei Paschi di Siena's €2.5 billion rights issue, 2022
Alessandro advised Banca Monte dei Paschi di Siena S.p.A. in connection with the US law aspects of its €2.5 billion rights issue.

Intercos' €350 million IPO, 2021
Alessandro advised Intercos S.p.A. in connection with its Rule 144A and Regulation S initial public offering on Euronext Milan, in which 26.5% of the company's total share capital were offered, for a total value of approximately €350 million and a market capitalization of approximately €1.2 billion.

Autogrill's €600 million rights issue, 2021
Alessandro advised Autogrill S.p.A., the world's leading provider of food & beverage services for travellers, in connection with its €600 million rights issue.

Gamenet's €79 million IPO, 2017
Alessandro advised Gamenet Group S.p.A. in connection with its initial public offering on the Milan Stock Exchange – STAR Segment, in which 34.8% of the company's ordinary shares were sold for a total amount of approximately €79 million.

UniCredit's €13 billion rights issue, 2017 
Alessandro advised the underwriters in connection with UniCredit's €13 billion rights issue. This transaction represents the largest rights issue in Italian history.

Corporate and Public M&A

Morgan Stanley's €1.62 billion investment in Salcef Group, 2024
Alessandro advised funds managed by Morgan Stanley Infrastructure Partners in connection with a binding sale and purchase agreement with the shareholders of Finhold S.r.l., Salcef Group S.p.A.'s majority shareholder, aimed at an investment in Salcef Group. Salcef Group is an Italian company listed on the Euronext STAR Milan market. It operates in the transportation industry, with a particular focus on the maintenance of railway infrastructure and urban mobility.

Ruby Equity Investment's voluntary tender offer for Unieuro, 2024
Alessandro advised Ruby Equity Investment, an investment vehicle that is part of the EP Equity Investment group controlled by Czech entrepreneur and businessman Daniel Křetínský, in connection with the launch of the voluntary tender offer for all ordinary shares in Unieuro S.p.A., a leading distributor of consumer electronics and household appliances in Italy.

Nova's €128 million VTO on DeA Capital's shares, 2022
Alessandro advised Nova S.r.l., a company entirely controlled by De Agostini S.p.A., in connection with the voluntary tender offer on all the ordinary shares of DeA Capital S.p.A. for a total value of approximately €128 million. The takeover bid is aimed at the delisting of DeA Capital S.p.A.

Esselunga's €435 million acquisition of La Villata, 2022
Alessandro advised Esselunga Group in connection with the €435 million acquisition from UniCredit of 32.5 percent of the share capital of La Villata S.p.A. Immobiliare di Investimento e Sviluppo, the real estate holding company of Esselunga Group which owns more than 80 buildings used by Esselunga as stores of GDO. Through this acquisition Esselunga Group acquires full control of La Villata S.p.A.

Cerved's proposed merger with Castor Bidco, 2022
Alessandro advised Cerved in connection with the proposed merger with and into Castor Bidco S.p.A.

BC Partners and SOFIMA's €946 million MTO on IMA's shares, 2021 
Alessandro advised BC Partners and SOFIMA in connection with the €946 million mandatory tender offer on all the outstanding shares of I.M.A. S.p.A.

I.M.A. and GIMA TT's merger by incorporation, 2019
Alessandro advised I.M.A. Industria Macchine Automatiche and GIMA TT in connection with the merger by incorporation of GIMA TT in its parent company I.M.A. Industria Macchine Automatiche.

Debt Capital Markets

Amplifon's €350 million bond issuance, 2020
Alessandro advised Amplifon S.p.A. in connection with its €350 million senior unsecured non-convertible 1.125% Notes due 2027. The Notes, guaranteed by Amplifon (USA), Inc. and National Hearing Centres Pty. Ltd., are listed on the Luxembourg Stock Exchange's Euro MTF Market and are reserved exclusively to institutional investors outside the United States.

Acea's €500 million bond issuance, 2020
Alessandro advised Acea S.p.A. in connection with its €500 million 0.5000% notes due 2029. The notes have been issued under Acea's €4 billion EMTN Programme, listed on the Luxembourg Stock Exchange and offered and sold pursuant to Regulation S under the US Securities Act.

Esselunga's €500 million bond issuance, 2017
Alessandro advised Esselunga S.p.A. in connection with its issuance of €500 million, 0,875% notes due 2023 and in connection with its issuance of €500 million 1,875% notes, due 2027, issued made pursuant to Rule 144A and Regulation S under the US Securities Act.