Giuseppe Barra Caracciolo

Structured Finance and NPLs

Goldman Sachs on the establishment of an innovative private financing/securitisation for Casavo, 2021-22
Giuseppe advised Goldman Sachs International, as arranger and senior lender, and the other senior lenders, in connection with the establishment (and subsequent size increase) of an innovative private financing/securitisation for Casavo, an online PropTech platform in the real estate instant buying market.

Apeiron Management and Apollo funds on a €1.8 billion transaction with Illimity Bank, 2022
Giuseppe advised Apeiron Management S.p.A. and funds managed by affiliates of Apollo Global Management in connection with a transaction with Illimity Bank S.p.A. consisting of the sale and subsequent refinancing of a portfolio of construction claims (riserve tecniche d'appalto) owned by the Apollo Funds with a nominal value of approximately €1.8 billion.

Global investment bank on a securitisation of monetary claims, 2021
Giuseppe advised a global investment bank, as senior noteholder, in connection with the size increase of their senior financing granted to an Italian bank in "note format", through the restructuring of a securitisation transaction of, amongst others, certain monetary claims and connected rights arising under certain terminated as well as on-going leasing agreements carried out by Domizia SPV S.r.l. on 21 December 2020.

York Capital Management on a real estate complex securitisation, 2021
Giuseppe advised York Capital Management Europe (UK) Advisors in connection with a complex restructuring transaction involving, amongst others, the acquisition by funds managed or advised by York, through two separate Italian securitisation structures, of a €150 million non-performing mortgage loan portfolios secured by a combination of hotels, commercial properties and residential properties and the subsequent restructuring of the debtors' indebtedness pursuant to a framework agreement made by and between the investor and the relevant debtors.

A pool of banks on the setting up of the €600 million RSCT Fund, 2021
Giuseppe advised UniCredit S.p.A., Intesa Sanpaolo S.p.A., BPER Banca S.p.A., Crédit Agricole Italia S.p.A., Crédit Agricole FriulAdria S.p.A. and other primary Italian banks, as originators and initial unitholders, in connection with the setting up of RSCT Fund (Responsible & Sustainable Corporate Turnaround Fund), being an innovative €600 million closed-ended alternative investment fund reserved to professional investors with a focus on unlikely-to-pay (UTP) corporate exposures, managed by Davy Global Fund Management and advised by Pillarstone.

Cassa di Risparmio di Asti, Cassa di Risparmio di Biella e Vercelli – Biverbanca and UniCredit on a €1.2 billion securitisation, 2017-21
Giuseppe advised Cassa di Risparmio di Asti and Cassa di Risparmio di Biella e Vercelli – Biverbanca, as originators and underwriters, and UniCredit, as arranger, in connection with a multi-originator revolving securitisation (and subsequent restructuring) of fondiari mortgage loans, ipotecari mortgage loans and unsecured loans issued by Cassa di Risparmio di Asti and Cassa di Risparmio di Biella e Vercelli – Biverbanca to Italian SMEs, for a total value of around €1.2 billion.

Glennmont on a securitization of performing project finance loans originated by Banca Popolare di Bari, 2019
Giuseppe advised Glennmont Partners, as equity investor, in connection with the securitisation of performing project finance loans originated by Banca Popolare di Bari S.C.p.A.

Banca IMI and Pitagora on a €525 million securitisation of consumer receivables, 2018
Giuseppe advised Banca IMI S.p.A. (now Intesa SanPaolo S.p.A.), as arranger, and Pitagora S.p.A., as originator, in connection with the take out of a securitisation of consumer receivables, originated by Pitagora and assisted by the assignment of up to one fifth of the borrowers' salary or pension or by payment delegation, originally implemented by the special purpose vehicle Annette S.r.l. through the issuance of asset backed partly paid notes for a total value of €525 million.

Debt Finance

US fund and an international investment bank on a real estate financing, 2022
Giuseppe advised a US fund and an international investment bank in connection with a real estate financing (an subsequent incremental facility) to an Italian real estate fund advanced through a securitisation structure.

US investment fund on a real estate financing, 2022
Giuseppe advised a US investment fund in connection with the financing for the acquisition and renovation of an historic and iconic luxury hotel located in the heart of Rome.

Starwood Capital on a financing for the renovation of Hotel Danieli, 2021
Giuseppe advised a US investment fund Starwood Capital Group in connection with a financing for the renovation of the Hotel Danieli in Venice, an historic and iconic luxury asset in Statuto Group's real estate portfolio. The transaction was organized by the US investment fund King Street Capital Management L.P. with the participation of Starwood Capital Group.

A primary Italian real estate company on a up to €177.9 million financing, 2021
Giuseppe advised a primary Italian real estate company in connection with up to €177.9 million financing to be entered into with, inter alios, a leading Italian bank, which comprises capex facilities for up to €64.1 million; VAT facilities for up to €7.6 million; and facilities for the issuance of letters of credit for up to €106.2 million.

Deutsche Bank, Société Générale and SMBC on a €620 million real estate financing, 2021
Giuseppe advised Deutsche Bank, Société Générale and SMBC, as mandated lead arrangers and original lenders, in connection with the €620 million financing of the Data4 data center business.

Mediobanca real estate financing for an asset located in Montecarlo, 2020
Giuseppe advised Mediobanca – Banca di Credito Finanziario S.p.A. in connection with the purchase of a portion of the existing commitment under a facilities agreement entered into for the purpose of acquiring a real estate asset located in Montecarlo.

UniCredit on a real estate financing to Immobiliare Elvezia, 2018
Giuseppe advised UniCredit S.p.A., as lender and agent, in connection with a real estate financing to Immobiliare Elvezia S.r.l., a company owning a real estate complex for office use located in Monza.

Mediobanca on a real estate financing for acquisition of Pirelli's headquarters, 2018
Giuseppe advised Mediobanca – Banca di Credito Finanziario S.p.A., as original lender and agent, in connection with a term loan facility granted to Kryalos SGR S.p.A., acting as managing company of the close-ended real estate alternative investment fund "Tyre" – Fondo di Investimento Alternativo Immobiliare di Tipo Chiuso Riservato, to finance the acquisition of an office building located in Milan named the HQ1 building, headquarters of Pirelli & C. S.p.A