23
Oct
Panel: Private credit outlook – Innovation in M&A financing and growing opportunities for the Italian market
The resilience of M&A in Italy, coupled with increased involvement of international financial investors, underscores the attractiveness and flexibility of Italian mid-cap private companies in challenging times. However, the end of cheap money and shifting bank credit availability has created a more challenging environment for both strategic buyers and sponsors. This session will examine how corporates have adapted to financing M&A deals with leveraged loans, private credit, and high-yield bonds. We'll explore the changing dynamics of sponsor M&A activities and the impact of macroeconomic factors on private credit, anticipating continued growth and evolution in this market segment.
- What factors are driving tighter lending conditions? How can companies seeking leveraged finance adapt their strategies? What funding options exist for growth or acquisitions?
- What advantages do alternative lenders offer? How can businesses leverage private credit funds?
- How are hybrid capital solutions evolving? What's the ideal balance between debt and equity? How is the role of banks changing? Is pricing affecting valuation, and if so, how?
- What opportunities exist for sponsor-less lending in the mid-cap segment?
- How does international interest in Italian assets impact the landscape? What are the implications for competition? How might lending practices in the region change?
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SpeakersGianandrea Perco CEO and General Manager DEA CAPITAL ALTERNATIVE FUND
Francesco Di Trapani Senior Advisor, Head of Southern Europe PEMBERTON CAPITAL ADVISORS
Laura Berguig Principal, Direct Lending ARES MANAGEMENT
Marco Paruzzolo Partner CHIOMENTI
Elias Lambrianos-Sabeh Managing Editor, EMEA DEBTWIRE
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Gianandrea, was appointed Chief Executive Officer and General Manager of DeA Capital Alternative Funds in June 2017. Since July 2021 he is member of the Executive Board of AIFI (Italian Association of Private Equity, Venture Capital and Private Debt).
His professional experience began in 1997 in Mediobanca, in the equity capital market team, and in 2000, he moved to Lehman Brothers Investment Banking team. In 2001, he started his experience in UniCredit where he has developed his career for 10 years in the Corporate and Investment Banking division, heading the Italian Corporate Finance Advisory team and the Multinational Financing team. In 2011 he joined FondiariaSai as Deputy General Manager with the responsibility of the Real Estate business, of the diversified businesses and of the M&A team. From 2013 to July 2015 he was Partner at PwC Italy heading the M&A team.
From August 2015 to June 2017 he was Director of Strategy and Management of existing shareholdings at DeA Capital S.p.A. supporting the top management in strategic investments, divestments and management of the portfolio.
He graduated with full marks with honors in Business Administration at Università Commerciale Luigi Bocconi in Milan.
Francesco is a Senior Advisor to Pemberton and focuses on Italy and Spain. He is also a member of the Credit Review Committee of Pemberton Capital Advisors LLP.
Francesco has over 25 years’ experience in corporate and credit markets. He founded an independent advisory firm in 2011 and has advised on a broad range of corporate finance transactions in the Italian and cross border markets over the last few years. Previously he worked at RBS from 2002 and 2010, where he was Managing Director, Head of Corporate and Institutional Banking and member of the Italian Executive Committee.
He started his career at JPMorgan Chase where he worked for 5 years across various coverage and product roles within Investment Banking.
Francesco graduated from Sapienza University of Rome with a Master of Science in Economics and Business Administration.
Laura is a Principal in the Ares Credit Group, where she focuses on direct lending in Italy and France.
Prior to joining Ares, Laura worked in the Direct Lending team at Permira Credit, and in Leveraged Finance at Citi.