US asset maangement firm Varde Partners signed an agreement to buy a 33% stake in Guber, a leading independent Npl servicer in Italy with about 7.4 billion euros in AuM and third in a PwC’s ranking as for H1 2016, Bloomberg wrote adding that Varde paid 47 million euros for its stake and that founders Francesco Guarneri and Gianluigi Bertini will retain the remaining 67& stake.
With this deal Varde too enters the quite rich Italian Npl market and follows the trend of many international investors that had chosen to buy an Italian platform to manage non performing loans in Italy (see here a previous post by BeBeez).
