March.20.2019
Orrick advised Calvi Group, a metallurgical technology leader, in its sale of a 26% stake in the company to DeA Capital’s second corporate credit recovery fund, Idea CCR II. The Chini family retains the remaining majority holding in Calvi.
As part of the transaction, Idea CCR II and Illimity Bank provided €13.5 million in financing. In addition to this, Illimity will refinance €34 million of the company’s outstanding debt.
Our team was led by Marco Nicolini and included Andrea Piermartini Rosi, Raul Ricozzi, Federico Perego and Alberto Coletti, as well as Peter Rooney and Andrew Mattei.