Bauer’s legal advisor in Bauer S.p.A.’s debt restructuring and refinancing transaction

Bauer, a prestigious group in the hospitality sector, and Blue Skye Investment Group (“Blue Skye”), an investment group specialised in the restructuring and special opportunity lending sector, have successfully completed the restructuring of Bauer’s current financial exposure of circa Euro 110 million through the acquisition, rescheduling and subsequent refinancing through a 4 year senior secured bond issue.  The bond issue will also include an additional tranche of further Euro 20 million, aimed at funding future investments and at developing the main hotel – the prestigious Hotel Bauer in Venice.

Gattai Minoli Agostinelli Partners was Bauer’s legal advisor, with a team led by Partners Riccardo Agostinelli, assisted by Daniele Migliarucci, Giulia Danesi. Silvia Romanoand Federico Michelini for corporate aspects related to the preliminary sale and purchase agreement of Aziende Agricole Bennati

Francesca Bortolotto Possati from Bauer and Salvatore Cerchione with Gianluca D’avanzo from Blue Skye, completed the transaction through a rescheduling and refinancing agreement with the granting of new finance, carried out within the scope of a restructuring plan under article 67 of the Bankruptcy Law, implemented with the assistance of financial advisor Cassiopea, with Marco Forasassi Torresani and Maurizio Capasso.

The plan foresees, amongst others, the divestiture of ‘non-core assets’, amongst which Aziende Agricole Bennati (which have already been the scope of a preliminary sale and purchase agreement to be performed in the following weeks) and the real estate properties of Giudecca, namely, the Palladio Complex and Villa F.
Blue Skye’s legal advisors were 5 Lex, with a team led by Partner Alfredo Craca, assisted by Giulio Gomitoni and by Lidia Lea Lavitola, as well as RCC Lex, with a team led by Partner Norman Pepe and by Fabrizio Occhipinti.  Partner Francesco Fabbiani from Studio Legale e Tributario F&C followed all tax related matters.