CLIENT: Fondazione Cassa di Risparmio di Ferrara

TRANSACTION: Fund raising advisory

DATE: September 2011

SECTOR: Financial institutions

Mandate:
Advisory to the Fondazione Cassa di Risparmio di Ferrara in the context of the execution of a Euro 152 million rights’ issue of the controlled Cassa di Risparmio di Ferrara, also by means of the issue by the Foundation of an underwriting guarantee for € 87 mln, backed up by banking facilities.

Activities performed:
Analysis of the main economic and capitalizazion profiles of Cassa di Ferrara
Assistance in the study and evaluation of different strategies and possible transaction structures aimed at the recapitalization of Cassa di Ferrara
Assistance in the structuring of the selected transaction
Assistance in the discussions with the relevant counterparts (the Cassa di Ferrara, Regulatory Authorities, funding banks, other garantors of the share capital increase)
Assistance in the preparation an discussion of the legal documentation pertaining to the Foundation.

Deal value: approx. € 152 million

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