April 2017

Advisor to ILVA Extraordinary Administration for the opinion regarding the fairness and sustainability of the binding offers received on ILVA


FMV Transaction Based Opinion
Financial Advisor
April 2017
Client Profile
ILVA is the leading European steel manufacturing company in terms of output capacity, with approximately 5.5m tons of steel delivered in 2016. In January 2015, the Italian government started the Extraordinary Administration Procedure for the company – after the company was accused of environmental disaster – and designated three special commissioners in order to launch and execute a sale process for ILVA
Houlihan Lokey’s Role
Leonardo & Co. in association with Houlihan Lokey acted as the independent advisor to the special commissioners in the assessment, from a financial point of view, of the binding offers received for ILVA. Boston Consulting Group acted as commercial advisor and Lombardi Segni acted as legal advisor to the special commissioners
Transaction Snapshot
On the 6th June 2017, Italy’s Economic Development Minister signed a decree approving the €1.8bn offer made by AM Investco Italy S.p.A. within the tender process for ILVA, currently in an Extraordinary Administration Procedure
Office: Italy