Hoist Italia announced yesterday it will acquire gruppo Maran spa based in Spoleto (Umbria Region), founded in 1993 by Nazzareno d’Atanasio and active in the credit recovery business. The firm entered into a creditors protection procedure (concordato preventivo) last January.
More in detail, Hoist Finance will buy all Maran group’s activities and will take charge of 183 employees. The company was controlled by the d’Atanasio family and in 2016 had reached 22 million euros in revenues. The company was suffering of a heavy financial tension as margins were dropping and fixed costs were high.
Admission to the creditors protection procedure was asked last January to the Spoleto Court by new Maran ceo, Andrea Marzapane, after former ceo Teresa Maran, the widow of Nazzareno D’Atanasio, stepped away. The Spoleto Court also was asked to allow creditors protection to R&S srl, another company active in the same sector and controlled by the d’Atanasio family, through their holding company DTN Group.
Led by the country manager Clemente Reale, Hoist Italia used to be called TRC spa, a Roman-based credit servicer which was founded by Mr. Reale himself and then bought by Hoist Finance in 2014 (see here the press release).
Commenting the quarterly accounts last June Mr. Reale made it clear that there were acquisitions in its plans: “Our goal is to grow in Italy also through a banking partnership. For this reason, in line with the strategic plan of the group, we plan to follow a double track of growth: for external lines, through new acquisitions and internal lines through the expansion of asset classes” (see here a previous post by BeBeez).
Hoist Finance is a Swedish company active in debt restructuring for banks and international financial institutions and specializes in the purchase and management of performing and non-performing loans. In Italy, Hoist has invested over 800 million euros buying portfolios from the most important banking and financial institutions and with 8.5 billion euros GBV of Npl in management it is among the main players in the sector. In Europe, Hoist Finance is present in 11 countries: Sweden, Germany, France, Belgium, Holland, Poland, United Kingdom, Austria, Greece, Spain and Italy, which today represents the main market for the group.
