Casati takes Cleary to top spot in Italy

Cleary Gottlieb Steen & Hamilton shot to the top of the 2005 M&A league tables in Italy on the back of its work on UniCredito Italiano’s landmark EUR15.4bn bid for German bank HypoVereinsbank.

Cleary, which advised HypoVereinsbank on the deal, shared its success with Skadden Arps Slate Meagher & Flom, which rose a staggering 134 places to end the year equal 11th after advising Citigroup in the deal. The deal also helped the two firms rocket up the German M&A charts.

Cleary’s revival has been led by partner Roberto Casati, who joined the firm from Allen & Overy in 2004. The firm also had a key role on ABN Amro’s EUR7.6bn takeover of Banca Antonveneta.

Cleary completed 13 Italian deals for 2005 with a value of EUR42.7bn to put it well clear of Bonelli Erede Pappalardo which completed 36 deals for a value of EUR32.6bn.

Bonelli’s 36 deals put it second on the volume table behind rival Gianni Origoni Grippo & Partners which completed 43 deals at EUR32.3bn.