Proskauer and Grimaldi Studio Legale Advise BlueBay on €135 Million Italian Mini-Bond Financing for DADA

Proskauer and Grimaldi Studio Legale have represented funds managed and advised by BlueBay Asset Management in the €135 million financing provided to DADA, one of the leading names in the European domain and hosting segment. Proskauer and Grimaldi Studio Legale advised BlueBay as bondholder and Linklaters acted as English & Italian counsel to the company. DADA […]

Proskauer and Grimaldi Studio Legale have represented funds managed and advised by BlueBay Asset Management in the €135 million financing provided to DADA, one of the leading names in the European domain and hosting segment. Proskauer and Grimaldi Studio Legale advised BlueBay as bondholder and Linklaters acted as English & Italian counsel to the company.

DADA is a pan-European online hosting business headquartered in Florence, Italy and it is majority owned by Hg Capital. Hg acquired a majority interest in DADA in October 2017 and bought out the remaining shares by way of a tender offer in February 2018. The debt financing was provided by BlueBay by way of an Italian mini-bond.

The Proskauer team was led by Partner Ben Davis and included Associates Harriet Roberts and Jessica Donnellan (Private Credit). The Grimaldi Studio Legale team was led by Partners Riccardo Sallustio and Giacomo Serra Zanetti, who were supported by Associates Irene Amodeo, Federico De Pascale and Giulia Gambarini. Tax Partner Carlo Cugnasca assisted with tax matters.

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