Advisement by our legal entity on the transfer of equity in Prima Assicurazioni for Carlyle Group.
White & Case Advises Carlyle on Sale of Stake in Prima Assicurazioni
Global law firm White & Case LLP has advised global investment firm Carlyle on the sale of a two percent stake in Prima Assicurazioni S.p.A., an Italian leader in direct insurance distribution. The transaction does not specify the financial terms of the sale or acquisition.
The White & Case partners involved in the deal were Giovanni Spedicato, Leonardo Graffi, and Michael Immordino, who are based in Milan, London, and London and Milan respectively. They were supported by associate Valerio Bianchi in Milan.
Giovanni Spedicato specializes in Mergers & Acquisitions, Private Capital, and Foreign Direct Investment (FDI) Reviews. Leonardo Graffi, in addition to M&A and FDI, also specializes in Life Sciences and Healthcare, Technology, Financial Institutions, and has expertise in the Life Sciences and Healthcare sector. Michael Immordino specializes in Debt Finance, Capital Markets, Mergers & Acquisitions, Private Capital, Life Sciences and Healthcare, and Shareholder Activism. Valerio Bianchi specializes in Life Sciences and Healthcare.
The sale is part of a broader agreement under which AXA has signed for the acquisition of a 51 percent interest in Prima Assicurazioni. AXA has been granted call and put options over the remaining 49 percent of Prima Assicurazioni. Completion of the transaction is subject to regulatory approvals.
Prima Assicurazioni's stake was held through Carlyle's investment vehicle Primetech. The service areas of the White & Case team that advised Carlyle include Mergers & Acquisitions, Private Capital, Financial Institutions, Western Europe, Italy, and the United Kingdom.
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- White & Case LLP, a global law firm, advised Carlyle on the practice of selling a two percent stake in Prima Assicurazioni, a leader in Italian direct insurance distribution.
- The financial terms of the sale or acquisition were not disclosed in the transaction.
- The White & Case partners involved in the deal were Giovanni Spedicato, Leonardo Graffi, Michael Immordino, and associate Valerio Bianchi.
- Giovanni Spedicato specializes in Mergers & Acquisitions, Private Capital, and Foreign Direct Investment (FDI) Reviews, while Leonardo Graffi also specializes in Life Sciences and Healthcare, Technology, Financial Institutions, and has expertise in the Life Sciences and Healthcare sector.
- Michael Immordino specializes in Debt Finance, Capital Markets, Mergers & Acquisitions, Private Capital, Life Sciences and Healthcare, and Shareholder Activism.
- Valerio Bianchi specializes in Life Sciences and Healthcare.
- The sale is part of a broader agreement under which AXA has signed for the acquisition of a 51 percent interest in Prima Assicurazioni, with AXA being granted call and put options over the remaining 49 percent.
- Completion of the transaction is subject to regulatory approvals, and the service areas of the White & Case team that advised Carlyle include Mergers & Acquisitions, Private Capital, Financial Institutions, Western Europe, Italy, and the United Kingdom. For more details, please contact the local media contact.
