FacultyFaculty/Author Profile
Lorenzo Corte

Lorenzo Corte

Skadden, Arps, Slate, Meagher & Flom (U.K.) LLP

London, , GBR


Lorenzo Corte concentrates in cross-border mergers and acquisitions, including contested takeovers, private sales and acquisitions, private equity transactions and joint ventures.

His M&A assignments relating to listed companies included acting for:

  • Konecranes Plc in its all-stock merger with Terex Corporation;
  • The board of directors of the stichting of Mylan N.V. in connection with the unsolicited offer by Teva Pharmaceuticals to acquire Mylan N.V., including its exercise of a call over 50 percent of the voting share capital of Mylan;
  • Valeant Pharmaceuticals International, Inc. in its US$800 million acquisition of Amoun Pharmaceutical Company S.A.E.;
  • LetterOne Energy in its US$7.1 billion acquisition of RWE Dea AG, the oil and gas business of RWE AG;
  • F.I.L.A. (Fabbrica Italiana Lapis e Affini S.p.A.), one of the world’s leading manufacturers of drawing and colouring materials, in connection with its innovative merger with Space S.p.A., the first Italian law-governed SPAC listed on the Milan Stock Exchange;
  • United Capital Partners Group on the US$1.47 billion sale of a 48.01 percent stake in VK.Com Limited (the holding company of Vkontakte.ru, Russia’s largest social online networking service) to Mail.Ru Group Limited;
  • Gentium S.p.A. in connection with its US$1 billion sale, following an auction process, to Jazz Pharmaceuticals plc;
  • Assicurazioni Generali S.p.A. in its US$3.3 billion acquisition of the 49 percent stake in its joint venture with the PPF Group, that Generali did not already own;
  • ST Microelectronics N.V. in connection with its exit from the ST-Ericsson joint venture and related acquisition of assets and shares from ST-Ericsson;
  • Mylan, Inc. in its US$1.6 billion acquisition of Agila Specialties Private Limited (India) from Strides Arcolab Limited (India). All three companies are pharmaceutical manufacturers;
  • Central European Distribution Corporation (Delaware), one of the largest distributors of Vodka in Russia and Poland, in connection with an initial PIPE investment by Roust Trading Limited and the subsequent restructuring of CEDC via a pre-packed Chapter 11 filing;
  • Alpha Bank A.E. (Greece) in connection with its proposed, but terminated, merger with EFG Eurobank A.E. (Greece) and concurrent €500 million equity investment from Qatar Investment Authority;
  • Altimo (VimpelCom’s largest shareholder) in connection with its establishment (with Telenor) and listing on the NYSE of VimpelCom Limited and VimpelCom’s subsequent US$30 billion exchange offer for OJSC VimpelCom, a Russian telecommunications company, and business combination with CJSC Kiyvstar G.S.M., a Ukrainian telecommunications company; Vimpelcom Limited’s US$7 billion acquisition of the assets of Weather Investments S.p.A. and the related disputes with Telenor in the London High Court and in arbitration proceedings; Altimo’s US$3.6 billion acquisition of the stake in VimpelCom Limited owned by Weather Investments’ original owner; and its US$3.6 billion tender offer for all of the shares of Orascom Telecom Holding;
  • Portugal Telecom SGPS SA in the US$9.8 billion acquisition by Telefónica S.A. (Spain) of Portugal Telecom’s 50 percent stake in Vivo Participacoes S.A. (Brazil), an operator of mobile phones and a joint venture between Portugal Telecom and Telefónica;
  • OAO Svyazinvest, a telecommunications holding company that is controlled by Russia, in the merger of its seven subsidiaries with OAO Rostelecom (Russia) as part of Svyazinvest’s restructuring;
  • Nomura in its acquisition of Lehman Brothers’ European and Asian investment banking and equity trading assets;
  • TeleAtlas N.V. in connection with TomTom’s €2 billion cash offer for all of the shares of TeleAtlas;
  • Arcelor against an unsolicited US$22.8 billion bid from Mittal Steel Company NV and in their subsequent US$33.8 billion merger; and
  • Cap Gemini SA, a consulting company based in France, in its US$1.3 billion merger with Chicago-based Kanbay Inc.


Mr. Corte also has represented several strategic investors such as Anheuser-Busch, Brembo S.p.A., Danaher Corporation, Esaote S.p.A., Kellogg Company, NTT DoCoMo, Valeant Pharmaceuticals International, Validus Holding and a number of other private sellers and investors in connection with acquisitions and sales of privately owned companies and assets involving multiple jurisdictions in Europe, the United States and the CIS.

Mr. Corte also has acted on a number of capital markets assignments, including representing the Italian Ministry of Economy and Finance in the registration of its securities under Schedule B of the U.S. Securities Act, and representing the underwriters in relation to 38 global offerings of these securities totaling approximately US$72 billion, and in connection with the privatization of ENEL S.p.A., as well as subsequent privatization tranches; the underwriters in connection with Fondiaria-SAI S.p.A.’s and Milano Assicurazioni S.p.A.’s €450 million and €350 million rights offerings, respectively; and RHM plc in relation to its £600 million initial public offering and listing on the London Stock Exchange.

Mr. Corte lectures and participates in seminars related to his practice and is an adjunct professor in M&A at Ohio State University School of Law. He is recommended as a leading individual in Chambers Global, Chambers Europe and Chambers UK, in which he is described as a “creative problem solver” and “commercially very savvy.”


Publications

“International Comparative Legal Guide to Mergers and Acquisitions 2015 (M&A Trends and Outlook for 2015),” ICLG To: Mergers and Acquisitions 2015

“The Newfound Attractiveness of European M&A,” Skadden’s 2015 Insights Global M&A, January 2015

“Activist Investing in Europe: A Special Report,” Activist Insight, October 2014

“Why UK Activism is Here to Stay,” IFLR, August 26, 2014

“International Comparative Legal Guide to Mergers and Acquisitions 2014 (Corporate Governance in the M&A World),” ICLG To: Mergers and Acquisitions 2014, April 2014

“The New Barbarians — Shareholder Activists Have Europe in Their Sights,” Skadden’s 2014 Insights Global M&A, January 16, 2014

“Boardroom Battlefield – Winning the Right to Re-Elect Directors in Company Boards,” Legal Week, September 13, 2013

“UK Regulators to be Given Power to Break Up UK Banks,” Skadden, Arps, Slate, Meagher & Flom LLP, March 19, 2013

“Europe M&A: The Evolving Takeover Landscape,” Skadden’s 2013 Insights, January 2013

“EC Proposes That European Central Bank Become Prudential Supervisor of Eurozone Banks,” Skadden, Arps, Slate, Meagher & Flom LLP, September 20, 2012

“Inside the European Debate on Takeover Regulation,” Law360, April 4, 2012

“European Union: The UK-Continental Europe Debate on Takeover Regulation,” Skaddens 2012 Insights, January 2012

“Measures to Strengthen the European Banking System,” Skadden, Arps, Slate, Meagher & Flom LLP, October 31, 2011

“European Union Developments,” Skadden’s 2011 Insights, January 10, 2011
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