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Allen & Overy advises Heila Cranes on admission to the composition-with-creditors procedure

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Allen & Overy, with a team comprising Juri Bettinelli, Head of the Restructuring and Insolvency team, and associate Bianca Lascialfari, has advised Heila Cranes, a portfolio company of Ibla Capital, on its request to be admitted to a composition-with-creditors procedure with "direct" business continuity, recently approved by the Court of Reggio Emilia.

Heila Cranes is a company based in Poviglio (Reggio Emilia) which has specialised for over 40 years in constructing marine cranes.

In July 2022, Heila Cranes was acquired by Ibla Capital, an Italian private equity fund specialising in small and medium-sized Italian enterprises, and in the same month a request for admission to the composition-with-creditors procedure "with reservation" was filed.