Department profile
Cappelli Riolo Calderaro Crisostomo Del Din & Partners

Capital Markets: Debt

Europe Guide 2026 : Italy


Cappelli Riolo Calderaro Crisostomo Del Din & Partners

Rankings

About

Provided by Cappelli Riolo Calderaro Crisostomo Del Din & Partners

The Firm's Capital Markets team possesses deep expertise in capital markets laws, advising domestic and international banks, financial institutions, and companies. With a team of both Italian avvocati and UK-qualified solicitors, they have been involved in pioneering transactions in the Italian market, including Eurobond issuances, liability management for retail investors, and innovative hybrid and Tier 1 financial instruments.

Beyond transactions, the Firm actively contributes to regulatory developments and consultations, reinforcing its reputation as a thought leader. The team has extensive experience in debt offerings and listings, covering subordinated and structured bonds, mini-bonds, and warrants, alongside expertise in liability management and MiFID regulatory applications.

The Firm also places a strong emphasis on sustainable finance, maintaining a dedicated group that analyzes legislative and market trends. In equity capital markets, they advise on IPOs, capital increases, and convertible instruments. Additionally, their collaboration with the Corporate – Mergers & Acquisitions team enables them to handle public market transactions, including takeover bids, market abuse rules, equity derivatives, and corporate governance matters.

Chambers Review

Provided by Chambers

Capital Markets: Debt - Italy

Band 3

Band 3


What the Team is Known For

Cappelli Riolo Calderaro Crisostomo Del Din & Partners is a leading Italian boutique showcasing remarkable strength in a wide range of complex structured finance mandates, including synthetic securitisations, covered bond programmes and NPL deals. The firm also provides advice on hybrid bonds and other debt instruments, and complements its capital markets offering with strong regulatory expertise. The team advises an impressive roster of prominent national and international names from the financial, banking and insurance sectors.

Work Highlights

Provided by Chambers

  • Cappelli Riolo Calderaro Crisostomo Del Din & Partners assisted Mediobanca with its EUR800 million revolving securitisation of a portfolio of trade receivables.

Strengths

Provided by Chambers

  • Cappelli Riolo is distinguished by its willingness to listen, its flexibility and deadline management.

    Capital Markets: Debt respondentEurope
  • Cappelli Riolo Calderaro Crisostomo Del Din & Partners is used to working hard within tough time constraints.

    Capital Markets: Debt respondentEurope
  • The Cappelli Riolo team stands out for its availability and its great knowledge of regulations and markets.

    Capital Markets: Debt respondentEurope
  • The law firm offers highly specialised advice and can effectively and promptly resolve the legal issues and difficulties that often characterise credit transfer transactions.

    Capital Markets: Debt respondentEurope
  • Cappelli Riolo is noted for its significant market experience, the constant presence of senior professionals at every stage of the process, and for high added value in defining legal solutions.

    Capital Markets: Debt respondentEurope

Notable Practitioners

Provided by Chambers

  • Senior StatespeopleAlberto Del Din
    Senior StatespeopleAlberto Del Din

    Alberto Del Din

    Alberto Del Din is a highly esteemed figure in secured finance who frequently advises clients on large-scale securitisation mandates. His clients often include asset management firms.

    • Alberto Del Din is always one step ahead and at the forefront of developments in structured finance and securitisation.

      Capital Markets: Debt respondentEurope
    • Alberto is one of the most sophisticated lawyers focused on securitisation in Italy.

      Capital Markets: Debt respondentEurope
  • Star IndividualsPaolo Calderaro
    Star IndividualsPaolo Calderaro

    Paolo Calderaro

    Paolo Calderaro is widely considered to be a market leader in securitisations and has a wealth of expertise in high-profile transactions involving NPL portfolios. He is frequently seen advising major clients, including international and domestic banks.

    • Paolo is an institution in the Italian legal market. His immense experience makes him authoritative and a calm but efficient negotiator.

      Capital Markets: Debt respondentEurope
    • Paolo Calderaro has unrivalled legal depth in the Italian banking market.

      Capital Markets: Debt respondentEurope
  • SpotlightMichele Crisostomo
    SpotlightMichele Crisostomo

    Michele Crisostomo

    Michele Crisostomo is an acclaimed lawyer who is widely recognised for his DCM and derivatives expertise. He also offers clients assistance with regulatory matters.

    • Michele Crisostomo's knowledge of the M&A market, as well as his technical skills, allow him to understand and adapt to any legal and commercial context.

      Capital Markets: Debt respondentEurope
  • Band 3Marcello Maienza
    Band 3Marcello Maienza

    Marcello Maienza

    Marcello Maienza is an adept lawyer who advises clients on the structuring of receivables and basket bond securitisations on behalf of the originator. He also has experience in handling bond issuances.

  • Band 3Stefano Agnoli
    Band 3Stefano Agnoli

    Stefano Agnoli

    Stefano Agnoli is best known for his work on securitisation and structured finance mandates. He advises a variety of clients, including investment management firms and banks.

  • Band 4Camilla Giovannini
    Band 4Camilla Giovannini

    Camilla Giovannini

    Camilla Giovannini specialises in structured finance and advises leading banks in a wide range of securitisation mandates.

    • Camilla Giovannini is an extremely goal-oriented and disciplined professional who is capable of breaking down complex problems into simple items.

      Capital Markets: Debt respondentEurope
  • Band 4Elio Indelicato
    Band 4Elio Indelicato

    Elio Indelicato

    Elio Indelicato is highly regarded for his expertise in securitisation and covered bond mandates, as well as for assisting with the structuring of investment platforms for non-performing assets.

    • Elio Indelicato has uncommon commercial and negotiation skills.

      Capital Markets: Debt respondentEurope
    • Elio Indelicato is an excellent professional in the field of securitisation transactions and stands out for his high level of legal expertise, exceptional analytical skills and problem-solving ability.

      Capital Markets: Debt respondentEurope
  • Up and ComingGuido Bartolomei
    Up and ComingGuido Bartolomei

    Guido Bartolomei

    Guido Bartolomei is a highly regarded associate who frequently deals with bond issuances, capital increases and IPOs. He joined Cappelli Riolo Calderaro Crisostomo Del Din & Partners from Latham & Watkins in March 2026.

    • Guido Bartolomei is super effective, a very strong lawyer and a safe pair of hands.

      Capital Markets: Debt respondentEurope
    • Guido Bartolomei is commercial, active on deals and always helpful.

      Capital Markets: Debt respondentEurope
    • Guido has incredible business acumen.

      Capital Markets: Debt respondentEurope
    • Guido moves very quickly and always helps get deals across the finish line.

      Capital Markets: Debt respondentEurope
  • SpotlightSilvio Riolo
    SpotlightSilvio Riolo

    Silvio Riolo

    Silvio Riolo is highly recognised for his expertise in assisting clients with derivatives matters, including ISDA- and EMIR-related issues, transactions and contentious matters.

Ranked Individuals at Cappelli Riolo Calderaro Crisostomo Del Din & Partners (10)

Italy

Members

Provided by Cappelli Riolo Calderaro Crisostomo Del Din & Partners

What success is built on

Chambers is the leading data and intelligence partner for the legal sector.

Explore thought leadership