White & Case LLP has advised Morgan Stanley as Sole Global Coordinator and Joint Bookrunner, and Credit Suisse as Joint Bookrunner, on the sale to institutional investors by Timone Fiduciaria S.p.A. of 7,537,998 ordinary shares in Azimut Holding S.p.A.

The share sale corresponds to approximately 5.26% of the share capital in Azimut and has been carried out through an accelerated book build for an aggregate value of approximately €210 million.

The White & Case team included partners Michael Immordino (Milan & London) and Ferigo Foscari (Milan), associate Alessandro Picchi (Milan) and lawyer Lorenzo Colombi Manzi (Milan).