Marco Cattani
Biography
Overview
Marco Cattani is an associate in the Milan office. His practice focuses primarily on special situations, general banking and structured finance matters. He has extensive experience in securitisations of receivables of different asset classes and disposals and acquisitions of receivables portfolios. Marco has also worked on several banking matters (including general lending and acquisition finance transactions) and on debt capital markets transactions.
Prior to joining White & Case, Marco practiced in the finance department of a major Italian law firm.
Milan, Italy
Experience
Structured Finance – Securitisations
The Italian subsidiaries of the Hertz group in connection with an up to €1.2 billion securitisation of motor vehicles carried out pursuant to article 7.2 of the Italian securitisation law in the context of a pan-European securitisation programme established by the Hertz group.
A primary Italian financial institution, as arranger and lender, in connection with the set-up of a FinTech platform for the assignment of trade receivables from its customers to a newly incorporated SPV and to be financed through a securitisation structure.
Cassa Risparmio di Asti S.p.A., as originator, in connection with a €40 million multi-originator securitisation (arranged by Illimity Bank S.p.A.) of receivables granted to Italian SMEs backed by public guarantee schemes in the context of the so called "Basket Bond Italia" project sponsored by ELITE.
Structured Finance - NPL Securitisations
UniCredit S.p.A., as originator and initial unitholder, in connection with the overall restructuring of certain non-performing investments of approximately €2 billion involving, inter alia, the setting-up of Olympus, a closed-ended alternative investment fund reserved to professional investors, and the contribution of a combination of restructured securitisation notes backed by two portfolios of distressed mortgage loan receivables, newly issued securitisation notes backed by distressed loan and leasing legal relationships and shares.
Structured Finance - NPLs and UTPs sale and purchase
Asset Management Company S.p.A. (AMCO) in connection with the acquisition of a portfolio of unlikely-to-pay loans (UTPs) from Intesa Sanpaolo for a total amount of €120 million.
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.
A US bank in connection with: (i) the acquisition of €100 million asset backed securities issued by an Italian securitisation vehicle and the subsequent restructuring of the securitisation transaction; and (ii) the purchase by a newly established Italian securitisation vehicle, acting through different compartments thereof, of two portfolios of performing and non-performing loans and the subsequent securitisation of such loans.
Real Estate Financings
Goldman Sachs International, as arranger and senior lender, and the other senior lenders in connection with the size increase of an innovative private financing/securitisation for Casavo, an online PropTech platform in the real estate instant buying market.
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.
Debt Finance
Two primary Italian banks in connection with a €300 million facility agreement granted to a primary luxury company.
