Investment Banking
Whitecase
Full Credential Description
Global investment firm Carlyle faced a strategic challenge in managing its investment in Prima Assicurazioni S.p.A., a leading player in direct insurance distribution in Italy. The specific issue at hand was the sale of a two percent stake in Prima Assicurazioni, which was part of a larger transaction involving AXAs acquisition of a 51 percent interest in the company. This complex deal included call and put options for the remaining 49 percent, necessitating careful of corporate and contractual issues. To address these challenges, Carlyle engaged White Case LLP for legal guidance throughout the transaction. The White Case team, led by partners Giovanni Spedicato, Leonardo Graffi, and Michael Immordino, provided tailored legal solutions that encompassed mergers and acquisitions, private capital, and regulatory compliance. Their expertise was crucial in structuring the deal to meet both Carlyles strategic objectives and the regulatory requirements necessary for completion. The outcome of this collaboration was significant, as it positioned Carlyle to effectively manage its stake in Prima Assicurazioni while facilitating AXAs entry into the Italian insurance market. The successful of this transaction not only enhanced Carlyles investment portfolio but also contributed to the broader dynamics of the insurance sector in Italy, showcasing the importance of strategic legal support in complex financial transactions.