Chiomenti and Greenberg Traurig advise on Poligof financial optimization

"Chiomenti advised Poligof on a refinancing that replaced a senior loan linked to the private equity investment by funds managed by Portobello Capital; Greenberg Traurig advised the arranging and financing banks. The new facilities, partly backed by SACE Growth Guarantees and including a revolving credit for working capital, were provided by a bank pool led by BNL, Crédit Agricole Italia and Intesa Sanpaolo."

Chiomenti advised Poligof, and Greenberg Traurig advised the arranging and financing banks, in a transaction to optimise Poligof's financial structure. Poligof, a multinational manufacturer of single-use hygiene products headquartered in Italy with production sites in Europe, Asia and North America, restructured its financing by subscribing to new credit facilities that replace a senior loan originally granted in connection with the private equity investment in Poligof by funds managed by Portobello Capital, a leading Spanish private equity firm with approximately €3.7 billion of assets under management and 26 portfolio companies. The new financing package is partly supported by SACE Growth Guarantees to back future investments and acquisitions, and includes a revolving credit line to support the Group's working capital needs. The overall transaction was organised and financed by a banking pool comprising Banca Nazionale del Lavoro (also acting as agent of the pool and in relations with SACE), Crédit Agricole Italia and Intesa Sanpaolo. Chiomenti represented Poligof with a team composed by: partner Marco Paruzzolo, counsel Girolamo D’Anna and associate Luca Serino. Greenberg Traurig represented the arranging and financing banks with a team composed by: partner Marco Leonardi and senior associate Cristina Cupolo.

Chiomenti and Greenberg Traurig advise on Poligof financial optimization

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