About the Deal MFB Partners advised Franco Colaiacovo Gold S.r.l. (FC Gold) on its debt restructuring, which was approved by the Court of Perugia on 10 January 2023. MFB Partners acted as the company’s advisor in the approval judgement and prepared and wrote the restructuring plan. The main holding of the FC Gold group is its 25% ownership of Financo S.r.l., which is where its core business in the production and trade of cement and concrete resides. The agreements made as part of the company’s restructuring plan were closed with the majority of the creditors. The plan was based on the payment of the company’s debts for the sum of €120 million, drawing upon the assets owned by FC Gold in addition to a capital increase. MFB Partners advised FC Gold with a team led by its founding partners, Andrea Migliarini and Barbara Fasoli Braccini. “It was a challenge,” said Barbara Fasoli Braccini. “At the end of a long journey, FC Gold has come to a good agreement with its creditors. The approval by the court will allow the company to achieve the goal of bankruptcy discharge in quite a short term.” “We are glad that the court followed our path, rejecting all the oppositions the creditors raised,” added Andrea Migliarini, who extended praise to the team’s colleagues at Mediobanca and GPBL: “It was a pleasure to cooperate with professionals like them.” Advisors: Please tell us more about your role in building the firm’s restructuring plan. What important factors needed to be taken into account? The bankruptcy procedure chosen is not commonly used as it is normally difficult to find an agreement with most of the creditors in an acceptable period. It was necessary to find a balance between the protection of the third parties and the needs of the entrepreneur in difficulty. You mentioned that this was a challenging process. What obstacles did you encounter? We had to finalise the agreement with the tax administration and deal with the positions of some hostile creditors. Ultimately, how did you overcome these obstacles to ensure the success of the operation? The tax administration signed the offered transaction. The position of the hostile creditors was solved in front of the judicial authority, which accepted our theses, considering the plan structured and well-founded. An Interview with Barbara Fasoli Braccini & Andrea Migliarini Partners at MFB Partners The Restructuring of FRANCO COLAIACOVO GOLD Transaction Reports 78 Finance Monthly.
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