Hogan Lovells advises Apeiron and Apollo within the buy of a portfolio of claims from Grandi Lavori Fincosit S.p.A.

Milan, 20 July – Global legislation agency Hogan Lovells has suggested Apeiron Administration S.p.A. and Apollo International Administration, Inc. within the buy of a portfolio of claims owned by Grandi Lavori Fincosit S.p.A. for a price of over 1.three billion euros.

The transaction was carried out in accordance with Italian Securitisation Regulation [Law 130/99] by way of the automobile, Armonia SPV S.r.l., as purchaser of the claims and within the context of the composition with people that are owed money [concordato preventivo]. The deal was funded by asset-backed notes issued in a single class, by Armonia SPV S.r.l., with a purpose to finance the acquisition, and was totally subscribed by funding funds run by Apollo International Administration, Inc.

The cross apply staff from Hogan Lovells was led by Counsel Pierantonio Musso, with help from companions Antonio Di Pasquale, Ernesto Apuzzo and by attorneys Giulia Vettori, Giordano Tomasini and Federico Pappalettera. Associate Federico Del Monte, counsel Giulia Arenaccio, and attorneys Alessandro Azzolini, Diego Guardì and Giulia Paparella helped on the securitisation elements of the transaction.