CLIENT: Gruppo Bancario Credem SpA e Management di Euromobiliare Sim SpA.

TRANSACTION: M&A

DATE: June 2007

SECTOR: Financial institution

Mandate:
Advisory to Credem SpA for the sale of the whole capital of Euromobiliare Sim SpA, a brokerage company active in equities agency businesses for institutional clients, leaders in the Italian market, to JC Flowers, an international fund specialised in investments in the Financial Institutions sector, and to the Management of Euromobiliare Sim

Activities performed:
definition of the vendors’ negotiating platform and relating agreements among them, preparatory to the sale of the company;
drafting of an information memorandum;
set-up of a competitive process with a substantial number of counterparts;definition of the most suitable transaction structure and of its financial aspects;
aassistance in the definition and negotiation of the contractual documents of the transaction;
aassistance in the definition and negotiation of the shareholders’ agreement between the buyer and the Management of Euromobiliare Sim.

Deal value: € 230 million

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