DWF advises Valtellina S.p.A. in the issue of €10 million bond loan
26 November 2020
DWF have advised Valtellina S.p.A., a leading telecommunications plant equipment manufacturer, in a transaction involving the issue of a bond loan worth €10 million, subscribed by Intesa Sanpaolo S.p.A. as part of its Basket Bond program.
The transaction, that follows the debenture loan of €12 million which was undertaken in December 2019, and issued by Valtellina and subscribed by UniCredit S.p.A., will help ensure the enactment of their investment and development plans.
The management team is key to the success of any investment and needs proper guidance during a buyout transaction. Where possible, the key commercial terms should be agreed between the parties before the legal documents are circulated to avoid lengthy negotiations and the risk of damaging relations in the latter stages of the deal.
The Competition and Markets Authority (CMA) has decided to conduct a further in-depth investigation into the veterinary services market for household pets.