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

Bio

Mr. Corte's experience in takeovers of listed companies and defense assignments includes acting for:

  • Konecranes plc in its all-stock merger with Terex Corporation (NYSE);
  • 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;
  • Central European Distribution Corporation (Delaware, Nasdaq), 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;
  • 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. of Portugal Telecom’s 50 percent stake in Vivo Participacoes S.A., an operator of mobile phones and a joint venture between Portugal Telecom and Telefónica;
  • TeleAtlas N.V. in connection with TomTom’s €2 billion contested 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 regularly acts for private equity investors on their investments and divestments in Europe, including LetterOne Holdings S.A., for which he has completed a number of transactions in the technology sector (including investments in Uber and Freedompop) and the energy sector (including the US$7.1 billion acquisition of RWE Dea AG from RWE AG, the subsequent sale of Dea UK and the acquisition of E.On Norge); as well as Doughty Hanson and Ares Life Sciences.

Mr. Corte represents strategic investors in connection with cross-border acquisitions and sales of privately owned companies and assets in Europe, the United States and the CIS region. He has completed transactions for, among others, Anheuser-Busch, Danaher Corporation, Kellogg Company, Mylan, Inc., NTT DoCoMo, Nomura, ST Microelectronics N.V., Valeant Pharmaceuticals International and Validus Holdings.

Mr. Corte also heads Skadden’s Italian desk. His experience in M&A transactions involving Italian companies includes representing:

  • Reichhold in connection with its proposed business combination and joint venture with Polynt S.p.A. and its owners;
  • 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 merger with Space S.p.A., the first Italian law-governed SPAC listed on the Milan Stock Exchange, and two subsequent acquisitions (one in the U.K. and one in France);
  • Gentium S.p.A. (Nasdaq) in connection with its US$1 billion sale, following an auction process, to Jazz Pharmaceuticals plc;
  • NTT DoCoMo in its takeover of Buongiorno S.p.A. (listed on the Milan Stock Exchange);
  • Brembo S.p.A. in a number of matters, including a joint venture project in Argentina;
  • Esaote S.p.A. on several matters involving acquisitions in the U.S.;
  • 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; and
  • the independent directors of the board of directors of Chrysler Group LLC in the US$4.35 billion acquisition by Fiat S.p.A. of the remaining 41.5 percent stake in Chrysler that it did not already own.

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 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, which cites sources describing Mr. Corte as “instrumental in devising some incredibly innovative structuring” and stating “I would bet the bank on him.”

Credentials

Education

  • LL.M., Columbia University School of Law, 1998
  • Dottore in Giurisprudenza, Universitá degli Studi di Milano, 1996

Admissions

  • Solicitor, England & Wales
  • New York

Languages

  • English
  • Italian

Lorenzo Corte

Partner, Mergers and Acquisitions
lorenzo.corte@skadden.com