News

PNSA advised Magnetto Wheels on a new significant financing

June 10, 2019

PNSA advised its long-standing client Magnetto Wheels on the negotiation of a guarantee agreement under the framework of an €134m financing granted by IFC and Cassa Depositi e Prestiti S.p.A.

MW is the steel wheels division for the design, engineering and manufacturing of wheels for passenger cars and light commercial vehicles

Magnetto Wheels is a subsidiary of CLN S.p.A., one of the leading international players on the world market of metal forming and assembly of automotive components.

The funding will be invested to further diversify the Group’s client portfolio, acquire new orders in markets and sectors with high potential, and expand its presence abroad, as a strategic supplier for leading car manufactures, in a highly competitive sector.

PNSA team included Alexandru Ambrozie (Partner), Codrin Luță (Managing Associate) and Teodora Cazan (Senior Associate).

This is the third significant transaction in which PNSA advised Magnetto Wheels and CLN Group, following the €235m financing granted by a syndicated led by BNP Paribas Milan Branch (2012); and the €200m financing granted by a syndicate led by BNP Paris Italian Branch (2015).