Osborne Clarke Leads Natixis's €73.6M Real Estate Financing in Italy
Deal News | Dec 13, 2024 | Osborne Clarke
Osborne Clarke and Legance have played pivotal roles in advising Natixis S.A., Ametista SPV S.r.l., and DeA Capital SGR S.p.A. in the process concerning the confirmation and extension of a significant financing arrangement amounting to €73.6 million. This financing is targeted at the acquisition and restructuring of two key real estate complexes situated in Milan and Rome. Serving as the mandated lead arranger, agent bank, and lender, Natixis directed this transaction alongside Ametista, arranged as a special purpose vehicle under Italian law. Meanwhile, DeA Capital serves as the beneficiary, operating on behalf of a closed-end real estate investment fund. Osborne Clarke's legal team led the advisory services for Natixis and Ametista, while Legance provided legal counsel to DeA Capital. This initiative underscores a strategic move to bolster real estate assets within major Italian cities through structured financial input.
Sectors
- Real Estate
- Financial Services
- Legal Services
Geography
- Italy – The lent funds are purposed for real estate projects situated in Milan and Rome, Italy, making it an essential geographic focus.
- France – Natixis, a French financial institution, plays a central role in the financial arrangement.
Industry
- Real Estate – Involves transactions pertinent to property acquisitions and structuring, specifically concerning major Italian urban centers, Milan and Rome.
- Financial Services – Relates to financial arrangements and the role of Natixis as a mandated lead arranger and lender, as well as Ametista's participation as a lending entity.
- Legal Services – Osborne Clarke and Legance are law firms providing crucial legal advisory services for the financing deal.
Financials
- €73,600,000 – Initial amount of financing secured for the acquisition and restructuring of real estate complexes in Milan and Rome.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Osborne Clarke | Legal Advisor | Company | Firm advising Natixis and Ametista in the financing transaction. |
| Legance | Legal Advisor | Company | Firm advising DeA Capital during the financing process. |
| Natixis S.A. | Mandated Lead Arranger, Agent Bank, and Lender | Company | Financial institution playing a pivotal role in structuring the financing for the real estate projects. |
| Ametista SPV S.r.l. | Lender | Company | Special purpose vehicle participating as a lender in the financing deal. |
| DeA Capital SGR S.p.A. | Beneficiary | Company | Entity benefiting from the financing, representing the DRIVE real estate fund. |
| Andrea Pinto | Lead Legal Advisor | Person | Partner and Head of Financial Services at Osborne Clarke. |
| Alessandro Generali | Associate | Person | Associate at Osborne Clarke assisting in the transaction. |
| Ilaria Cutolo | Junior Associate | Person | Junior Associate at Osborne Clarke involved in the transaction. |