Gattai, Minoli, Agostinelli & Partners, with a team formed by partners Emanuela Campari Bernacchi and Valentina Lattanzi and associate Mattia Valdinoci, advised PRISMI S.p.A. (controlled by Tender Capital), Italian leader in web and digital marketing, also listed on the AIM Market of the Italian stock exchange, acting as transaction counsel in the securitisation of trade receivables deriving from agreements signed with PRISMI S.p.A. in the context of its business for about Euro 20 million.
The securitisation transaction provides for various assignments, on a revolving and pro-soluto basis, of portfolios of trade receivables to the special purpose vehicle Pandora SPE S.r.l., pursuant to Law no. 130 of 30 April 1999. 130 Servicing acted as servicer of the deal. The purchase price of the receivables is funded through the issuance of partially-paid fixed asset backed securities.