UPDATE 1: Tapi Bank Lenders Advised by Molinari, Tikehau by Hogan Lovells in Ongoing Restructuring Talks

Reporting: Chiara Elisei Mon Mar 23, 2026 12:35 PM ET: Bank lenders to Italian bottle cap maker Tapì Group are assisted by Molinari as legal advisor, while Hogan Lovells is advising fund Tikehau, sources told Octus. Tapì Group’s Italian holding company, Sunrise Bidco, applied for court protection via pre-concordato proceedings under article 44 of Italian code for business crisis and insolvency in mid-February, as reported. The Milan tribunal appointed Professor Alessandro Danovi as judicial commissioner and granted the group two months to mid-April to present a restructuring proposal. The two operating companies, Italian Tapì SpA and French Les Bouchages Delage SAS, are not placed under court proceedings. Between the OpCos and the Italian Holdco there is a total of around €150 million in bank debt provided by a pool of 13 banks, as reported. Late last year, the Stirling Square-backed company approached its creditors seeking a debt moratorium ahead of some amortization payments due at the end of December. The move was aimed at preserving liquidity while working on a broader recapitalization plan, sources noted. However, in January Tikehau – which provided a €35 million mezzanine debt to a Luxembourg MidCo sitting above the Italian entity Sunrise Bidco to support Stirling[...]