Allen & Overy advises on GIP’s investment in the Pedemontana Veneta toll road

Pedemontana Veneta is owned and operated by SACYR S.A. and Fininc S.p.A., two leading owners and operators of European infrastructure assets.

GIP is a leading independent infrastructure investor and - together with affiliates and co-investors - is making the investment through its GIP Spectrum Fund (GIP Spectrum), part of GIP’s Credit platform (GIP Credit).

Pietro Scarfone, partner, commented: “The Pedemontana Veneta is a highly strategic infrastructure project and critical to supporting economic growth in that area of Italy. It has been a privilege to have been able to provide our market-leading finance expertise on this complex transaction which is a further testament to the appetite of global investors for quality infrastructure assets in Italy”.

Allen & Overy advised Circuitus Holdco I S.à.r.l. with a cross-department and cross-jurisdiction team coordinated by partner Pietro Scarfone and senior associate Luca Maffia, along with counsel Nunzio Bicchieri on project financing aspects; senior associate Sarah Capella, associate Julius Greiner and trainee Freya Clarke on English law aspects; and partner Francesco Guelfi, counsel Elia Ferdinando Clarizia and associate Lino Ziliotti on tax profiles. The A&O team also included partner Frank Mausen, counsel Pierre-Henry Maroteaux, senior associate Ruslana Hrischeva and trainee Wojciech Marcinkowski.