The debt restructuring agreement (“concordato preventivo”) of Gruppo PSC S.p.A., a major player in the national plant engineering sector, has been successfully homologated and executed. A key role in the operation was played by Saverio Signori, who coordinated the team of Studio Signori Professionisti Associati in managing the financial aspects of the transaction. The Tribunal of Lagonegro, under the supervision of Judicial Commissioner Dr. Tommaso Nigro and Delegated Judge Dr. Giuliana Santa Trotta, certified the completion of the procedure, ensuring the payment of creditors as outlined in the approved plan and proposal.
As reported by the specialized magazine Legalcommunity, Nextalia Sgr, on behalf of the “Nextalia Credit Opportunities” fund, has completed the acquisition of Gruppo PSC’s assets, including its stake in Italtel. This transaction was carried out in execution of the homologation decree issued on April 26, 2024, confirming the validity of the restructuring procedure approved by the Tribunal of Lagonegro.
The Plan and Advisors
The restructuring plan included the acquisition of most of PSC’s assets by the “Nextalia Credit Opportunities” fund, ensuring business continuity through an indirect approach.
Nextalia was legally assisted by the law firm Cappelli Rccd, with a multidisciplinary team led by name partners Roberto Cappelli and Antonio Azzarà, alongside experts in legal, tax, and regulatory matters. The law firm Nardone D’Attorre Improta Oliviero & Partners also provided legal support, while labor law assistance was entrusted to Morpurgo e Associati. Financial advisory was provided by Mediobanca.
On the other hand, PSC was assisted by the law firm Gianni & Origoni, with a team led by founding partner Francesco Gianni and partner Luca Jeantet. Additional legal support was provided by Santaroni Barberi Bellini Rondinone & Partners and Studio W-L.E.A. In financial matters, PSC relied on PwC and Studio Signori Professionisti Associati, with a team coordinated by partner Saverio Signori, who led the operation. Antonio Zecca of Spada Partners acted as the certifier, ensuring the accuracy of data and the feasibility of the plan.
