Ughi e Nunziante assists ISA shipyard in Euro 57 million structured financing

Ughi e Nunziante partner Marcello Gioscia, senior associate Gianluigi Pugliese and associate Ginevra Orsini assisted International Shipyards Ancona (ISA) in a Euro 57 million medium term structured financing provided by a pool of banks and arranged by Unicredit Corporate Banking.

ISA specializes in the design, manufacturing and management of large yachts, and is 80% owned by Yachting Investors Group Ltd. (YIG), a private equity fund operating out of London and engaged in the pleasure craft industry.

In 2006 Ughi e Nunziante had assisted YIG in the takeover of ISA.