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, with options for the remaining 49 percent. To address this, Carlyle engaged White Case LLP to navigate the complex corporate and contractual issues associated with the sale. The legal team, led by partners Giovanni Spedicato, Leonardo Graffi, and Michael Immordino, provided tailored solutions that ensured compliance with regulatory requirements and facilitated a smooth transaction process. The successful completion of this transaction not only allowed Carlyle to strategically divest a portion of its stake but also positioned Prima Assicurazioni for future growth under AXAs majority ownership. The deal is indicative of Carlyles proactive approach to managing its investments in the competitive insurance market, leveraging expert legal guidance to optimize outcomes.