White & Case advises doValue on €350 million senior secured bond issuance

Global law firm White & Case LLP has advised doValue S.p.A. (doValue), a European financial services provider offering products along the entire credit lifecycle, on the issuance of €350 million 5.375% senior secured notes due 2031.

doValue will use the proceeds from the offering, together with available liquidity, to acquire the entire share capital of coeo group GmbH (coeo) and to cover fees and expenses related to the offering.

The notes were offered and sold pursuant to Rule 144A and Regulation S under the US Securities Act and have been admitted to listing on the Euro MTF market, organized and managed by the Luxembourg Stock Exchange.

Germany-headquartered coeo is a next-generation digital debt collection and credit management company driven by artificial intelligence. It serves blue-chip clients in eight European countries across sectors including e-commerce, payments, telecommunications, parking management and energy.

The White & Case team that advised on the capital markets aspects of the transaction was led by partners Michael Immordino (London & Milan) and Evgeny Scirtò Ostrovskiy (Milan & London) and included associates Pietro Bancalari (London & Milan) and Roberta Monasterolo (Milan) and lawyers Leonardo Rubera and Stefano Cultrera (both Milan). The team in Milan that advised on the debt finance aspects of the transaction included partner Stefano Bellani and associate Alessia Sommadossi.

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