London (January 31, 2017) – International law firm McDermott Will & Emery represented funds advised by pan-European private capital fund manager Metric Capital Partners in the acquisition of Italian regional bank Gruppo Bancario Mediterraneo S.P.A. (“GBM”).

GBM is a regional commercial bank with headquarters in Rome and three branches in Italy. Historically, GBM has been focused on traditional lending to local small and medium-sized enterprises.

GBM had been under extraordinary administration since October 2015 with the objective of seeking an institutional investor to rescue the bank. The successful completion of the transaction allows GBM to exit the extraordinary administration regime and to strategically reposition as a specialty lender in Italy.

The cross-border McDermott team advising on the transaction was led by London-based corporate partner Piero Carbone and included partner Giovanni Nicchiniello and associates Linda Zeman, Caroline Thackeray, Paolo Cocchini and Francesco Cesaroni.

McDermott’s Corporate & Transactional Practice represents business interests around the world, from global corporations and industry-leading companies to privately funded and entrepreneurial driven enterprises, private equity sponsors and the financial institutions that support them. McDermott consistently ranks in the leading league tables, including Mergermarket, Thomson Reuters, Bloomberg and PitchBook. The Corporate & Transactional Practice Group was named “Team of the Year” for Middle Market M&A/Buyouts by The Legal 500 and is highly ranked by Chambers in the United States, Germany and the United Kingdom.