IFLR Europe Awards 2021 – WINNERS ANNOUNCEMENT
Chiomenti picks up two firm of the year awards at this year's premier corporate finance law awards in Europe.
Chiomenti is delighted to have been named Italy Firm of the Year and Italy Debt and equity-linked firm of the year at the prestigious IFLR Europe Awards 2021. The firm overcame strong competition from law firms in Italy off the back some innovative cross-border deal structuring.
IFLR Commercial Editor James Wilson said of Chiomenti's win: "Chiomenti was named firm of the year and debt and equity-linked firm of the year for Italy in IFLR's 22nd annual Europe Awards. Among some of the firm's most innovative work was done for client Enel. Teams advised on the sustainability-linked bond by Enel Finance International, the first of its kind on the market in sterling, and Enel on its corporate hybrid bond of September 2020, which was the first issuance by an Italian corporate entity of a perpetual corporate hybrid bond. Benedetto La Russa was instrumental to both deals.
Away from the debt capital markets the firm, with a team led by Massimiliano Nitti, advised PostNL on the sale of the majority of its Italian mail and parcel business to Mutares. The deal had multiple private and public interests, including state entities. Francesco Tedeschini and Andrea Sacco Ginevri led another large team that advised The Friedkin Group on the acquisition of AS Roma, a public target.
A final innovative deal saw the firm structure the first unlikely-to-pay (UTP) partnership in Italy between Intesa Sanpaolo and Prelios."
IFLR's Managing Editor, John Crabb, said of the awards: "We are delighted to be able to present the winners of the 22nd IFLR Europe awards. It is a disappointment that the awards must once again be virtual but it is worth pointing out we have remained committed to finding out about and highlighting the most innovative cross-border work across the continent.
"There has been a great deal of innovation this year – not least because organisations have had to be innovative to adapt and position themselves in the new environment and ride through the storm. We firmly believe it is important to highlight this work now, as it will shape what is to come next. Of course, we hope that next year we will be able to celebrate the winners in person and bring everyone back together in one room."
