onshore wind dusk

WFW advises MPS Capital Services, UniCredit and Iccrea BancaImpresa regarding €60m Italian wind farm financing

13 October 2016


International law firm Watson Farley & Williams (“WFW“) advised MPS Capital Services and UniCredit on their purchase of minority stakes in the €60m financing granted to Daunia Ascoli S.r.l. as borrower by a syndicate of banks in relation to a 53.5 MW wind farm in Ascoli Satriano (Foggia, Puglia).

Following the financial transfer, WFW also advised MPS Capital Services and UniCredit, as mandated lead arrangers, and Iccrea BancaImpresa (the corporate bank of Credito Cooperativo), as participant, in the review of ancillary finance documentations, to align the contractual terms to the current market conditions.

MPS Capital Services is the corporate and investment banking arm of MPS Group, Italy’s third largest banking group. UniCredit is a major Italian global banking and financial services company.

Daunia Ascoli is an Italian company active in the generation, transmission, and distribution of electricity.

The WFW Italy team was led by finance partner Pierpaolo Mastromarini, assisted by senior associate Michele Arruzzolo and associates Daniele Pompei and Paolo Gallarà for project finance aspects.

L&B Partners Studio Legale Associato, with the partner Michele di Terlizzi ad lawyers Giuseppe Candela and Giulia Paternostro, advised one of the sponsors, Tre & Partners S.p.A.