UniCredit at the side of Piazza Italia for the relaunch plan
A maxi loan to promote the corporate reorganisation of the group and a development project with 200 new openings and 1,000 hires is on the way
UniCredit, together with various financial institutions, consolidates its role by leading a strategic operation in the retail-fashion sector: the family buy-out of Alma - Piazza Italia, with which Luigi Bernardo acquires control of the group's entire capital, opening up a new phase of industrial, employment and international growth for one of the leading players in the Italian retail sector.
UniCredit at the helm acts as sole global coordinator, sole bookrunner and loan agent, with a total share of 43.5% of the financing.
The transaction, structured as a syndicate (UniCredit as lead arranger) with five other institutions - BNL BNP Paribas and Banca Monte dei Paschi di Siena as mandated lead arrangers, Cdp, Mediocredito Centrale and Banco di Desio as lead arrangers - envisages two separate lines: a term loan in favour of LB Holding for the acquisition of the equal share of its brother Antonio Bernardo and a back-up facility dedicated to Piazza Italia. Both will be aimed at supporting the new operational and commercial development phase of the company.
Legal advisor to the banks is Gianni & Origoni, while Studio Parrella & Associati together with Studio Tesauro assists the borrower for legal and tax advice.
Piazza Italia's new 2025-2030 business plan envisages around 200 new openings, half direct and half franchised, in Italy, the Balkans, Greece, the Middle East, South America and North Africa, and will have a direct impact on employment with more than 1,000 new hires expected in five years between headquarters and the retail network.

