No Result
View All Result
  • Private Data
  • Membership options
  • Login
  • COUNTRY
    • ITALY
    • IBERIA
    • FRANCE
    • UK&IRELAND
    • BENELUX
    • DACH
    • SCANDINAVIA&BALTICS
  • PRIVATE EQUITY
  • VENTURE CAPITAL
  • PRIVATE DEBT
  • DISTRESSED ASSETS
  • REAL ESTATE
  • FINTECH
  • GREEN
  • PREMIUM
    • ItaHubHOT
      • ItaHub Legal
      • ItaHub Tax
      • ItaHub Trend
    • REPORT
    • INSIGHT VIEW
Subscribe
  • COUNTRY
    • ITALY
    • IBERIA
    • FRANCE
    • UK&IRELAND
    • BENELUX
    • DACH
    • SCANDINAVIA&BALTICS
  • PRIVATE EQUITY
  • VENTURE CAPITAL
  • PRIVATE DEBT
  • DISTRESSED ASSETS
  • REAL ESTATE
  • FINTECH
  • GREEN
  • PREMIUM
    • ItaHubHOT
      • ItaHub Legal
      • ItaHub Tax
      • ItaHub Trend
    • REPORT
    • INSIGHT VIEW
Home DISTRESSED ASSETS

Italys’ NPLs and private debt weekly roundup. News from Astasy, Mps, Advice Group, Fondo Italiano, CR Asti, Fedrigoni, Venchi, Emil Banca

BebeezbyBebeez
August 2, 2018
Reading Time: 3 mins read
in DISTRESSED ASSETS, ITALY, PRIVATE DEBT
Share on FacebookShare on Twitter

venchiItalian private debt and NPL market participants keep the deal flow steady.

Mirko Frigerio, the president of advisory firm Astasy, said that in 1H18 the auctions of real estate assets linked to NPLs increased by 39% yoy  (see here a previous post by BeBeez). Frigerio shared such data during the Caffé di BeBeez event about NPLs last 10 July. Vito Ruscigno, a partner of PwC who was also a panelist at the same event explained that real estate NPLs are 40% of the total amount of problematic credits. Gabriele Mazzetta, ceo of NPL ReSolutions, said that the first best solution for this kind of NPLs is the extra-judiciary settlement. However, BeBeez data show on another front that the UTP and past due credits weigh less on the accounts of Italian banks (see here a previous post by BeBeez)

Montepaschi is selling a porfolio of UTP worth up to 400 million of euros (see here a previous post by BeBeez). On another front, the bank is working on the sale Project Morgana, a portfolio of problematic leasing credits. To this end, Montepaschi may divest Mps Leasing & Factoring or a portfolio of leasing UTPs worth up to 1 billion. Montepaschi is also selling real estate assets worth in the region of 500 million, while it frozen the sale of the Information Technology platform.

Advice Group, an Italian behavioral marketing company, listed on Milan ExtraMot Pro a short-term minibond of 0.3 million of euros  (see here a previous post by BeBeez). The liability will mature on 30 April 2019 and pay a 5.8% coupon. This minibond is part of a revolving issuance plan for 2018-2019 worth 3 million and up to 0.8 million for each bond. Flavio Furbatto (president, ceo, and 80% owner) and Riccardo Barbieri (coo) founded Advice, which has revenues of 3.9 million, an ebitda of 0.5 million and net financial debts of 1.28 million.

The fund of private debt funds of managed by Fondo Italiano d’Investimento invested almost all of its 400 million of euros worth resources, that Cdp, Nexi, Intesa SanPaolo, Credito Valtellinese, Poste Vita, Cnpadc, Eurovita, Intesa Sanpaolo Vita, and pension funds Priamo and Prevaer provided (see here a previous post by BeBeez).Roberto Travaglino, partner of FII made such statement during the BeBeez Coffee meeting about private debt. Travaglino explained that the fund signed investment commitments in 10 different firms for 325 million.

Banca di Asti and Cassa di Risparmio di Biella e Vercelli – Biverbanca (part of Gruppo Cassa di Risparmio di Asti) securitised a 697 million of euros worth protfolio of NPLs through the spv Maggese  (see here a previous post by BeBeez). The banks will apply for a Gacs for the senior tranche of this portfolio. Prelios Credit Servicingwill act as master and special servicer.

Fedrigoni, tapped for 125 million of euros the 455 million bond it had placed earlier in April for refinancing the debt for the acquisition of Cordenons (see here a previous post by BeBeez). The Ireland-listed bond now is worth 580 milioni and due to mature in November 2024, callable after one year. The coupon is of 412.5 bps over 3 months euribor rate. Fedrigoni has sales of 1.081 billion, an adjusted ebitda of 134.4 million, and net financial debt of 94 million.

Venchi, the Italian chocolate maker, issued a 7 million euros minibond that Unicredit subscribed (see here a previous post by BeBeez). Venchi generated sales of 80 million of euros, an ebitda of 20 million, and net financial debt of 8 million. Daniele Ferrero, the company’s ceo, said that he will invest the issuance proceeds in developing the retail sale channel and added that the company may list in 2019. Venchi belongs to Ferrero (a former management consultant of McKinsey – 27%), vice-president Nicolò Cangioli (24%), choef commercial officer Giovanni Battista Mantelli (12%), Pietro Boroli (vice-president of De Agostini –12%), Marcello Comoli(12%), Luca Baffigo Filangieri (12%).

Emil Banca and IC Satellite  sold two portfolios of secured and unsecured NPLs worth 145 million of euros (see here a previous post by BeBeez). Daniele Ravaglia, the coo of Emil Banca, said that the bank and Iccrea are going to sell a further portfolio of Gacs-backed Npls.

Gateways to Italy

36Brains – Considering Cross-Border M&A? We stand as your partner for ESG, Reputational and Supply Chain Due Diligence

36Brains – Considering Cross-Border M&A? We stand as your partner for ESG, Reputational and Supply Chain Due Diligence

by Partner
November 9, 2023

La Scala Law Firm – Innovative Services for Banking, Finance and Corporates

La Scala Law Firm – Innovative Services for Banking, Finance and Corporates

by Partner
October 31, 2023

Di Luccia & Partners Executive Search – Senior Management for Private Capital Funds’ participated companies

Di Luccia & Partners Executive Search – Senior Management for Private Capital Funds’ participated companies

by Partner
September 1, 2023

Sign up to our newsletter

SIGN UP

Related Posts

PRIVATE DEBT

mShift Partners Up With CyberCube to Automate the Delivery of Cyber Insurance Analytics

December 4, 2023
PRIVATE DEBT

Citi Collaborates With Traydstream to Streamline Document Services for Faster and More Effective Client Solutions

December 4, 2023
Italy’s private equity weekly roundup. News from TIM, CDP Equity, Macquarie Infrastructure and Real Assets, KKR, Golden Goose, Permira, Carlyle, Gruppo Florence, and more
ITALY

Italy’s private equity weekly roundup. News from TIM, KKR, Permira, Golden Goose, Prima Assicurazioni, Premuda, Pillarstone, FSI, Nice, and more

December 4, 2023

ItaHub

Italy’s Supreme Court confirms: For the reimbursement of dividend tax paid by an Italian subsidiary to its UE-based parent no demonstration of actual payment is required

Italy’s Supreme Court confirms: For the reimbursement of dividend tax paid by an Italian subsidiary to its UE-based parent no demonstration of actual payment is required

October 31, 2023
Anti-money laundering, the system for reporting data and information on beneficial ownership in Italy is up and running

Anti-money laundering, the system for reporting data and information on beneficial ownership in Italy is up and running

October 27, 2023
Single Special Economic Zone, here are all details to catch new investment opportunities in Southern Italy

Single Special Economic Zone, here are all details to catch new investment opportunities in Southern Italy

October 9, 2023
Impaired loans, Valentini, Italy’s Deputy Minister of Enterprise and Made in Italy, at Banca Ifis event reassures: we have a market that works, we don’t want to upset it

Impaired loans, Valentini, Italy’s Deputy Minister of Enterprise and Made in Italy, at Banca Ifis event reassures: we have a market that works, we don’t want to upset it

September 25, 2023

Co-sponsor

Premium

Fintech, m&a on Italian-driven startups grows and platform brokerage increases. But venture capital raising is less than 200 mln euros in 32 rounds YTD. The Report of BeBeez

Fintech, m&a on Italian-driven startups grows and platform brokerage increases. But venture capital raising is less than 200 mln euros in 32 rounds YTD. The Report of BeBeez

November 29, 2023
Venture capital investments on Italian-driven startups and scaleups rise to just over 1 bn euros in 10 months. But this is still a long way from the over 2.5 bln figure in 2022

Venture capital investments on Italian-driven startups and scaleups rise to just over 1 bn euros in 10 months. But this is still a long way from the over 2.5 bln figure in 2022

November 13, 2023
Italy’s Supreme Court confirms: For the reimbursement of dividend tax paid by an Italian subsidiary to its UE-based parent no demonstration of actual payment is required

Italy’s Supreme Court confirms: For the reimbursement of dividend tax paid by an Italian subsidiary to its UE-based parent no demonstration of actual payment is required

October 31, 2023
Anti-money laundering, the system for reporting data and information on beneficial ownership in Italy is up and running

Anti-money laundering, the system for reporting data and information on beneficial ownership in Italy is up and running

October 27, 2023
Next Post

Together Price strikes 630k euros round led by Spanish venture firm Samaipata

Italy's private equity weekly roundup. News from F2A, Palladio, Glennmont, TheSpac, Augens, Cigierre, Comat, Italmobiliare, Gestioni Armatoriali

EdiBeez srl

C.so Italia 22 - 20122 - Milano
C.F. | P.IVA 09375120962
Aut. Trib. Milano n. 102
del 3 aprile 2013

COUNTRY

Italy
Iberia
France
UK&Ireland
Benelux
DACH
Scandinavia&Baltics

CATEGORY

Private Equity
Venture Capital
Private Debt
Distressed Assets
Real Estate
Fintech
Green

PREMIUM

ItaHUB
Legal
Tax
Trend
Report
Insight view

WHO WE ARE

About Us
Media Partnerships
Contact

INFORMATION

Privacy Policy
Terms&Conditions
Cookie Police
No Result
View All Result
  • COUNTRY
    • ITALY
    • IBERIA
    • FRANCE
    • UK&IRELAND
    • BENELUX
    • DACH
    • SCANDINAVIA&BALTICS
  • PRIVATE EQUITY
  • VENTURE CAPITAL
  • PRIVATE DEBT
  • DISTRESSED ASSETS
  • REAL ESTATE
  • FINTECH
  • GREEN
  • PREMIUM
    • ItaHub
      • ItaHub Legal
      • ItaHub Tax
      • ItaHub Trend
    • REPORT
    • INSIGHT VIEW
Subscribe
  • Login
  • Cart

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In