Credit Factor acquired three portfolio of unsecured NPE credits worth 2.2 billion euros and now has aum with a face value of 5 billion (see here a previous post by BeBeez). The firm purchased the following portfolios: Carloforte (face value of 2 billion); Andes (more than 67 million) and Birdie (144 million). Pierluca Bottone is the ceo of Credit Factor, an even joint venture of Banca Capasso (a subsidiary of IBL Banca) and Europa Factor.
A pool of 26 Italian cooperative banks sold NPEs with a face value of 67 million euros through Blinks, the fintech platform of Prelios, (see here a previous post by BeBeez). The banks carried on the transaction with a true sale procedure. Fabio Pansini is the senior credit derisking specialist of Cassa Centrale Banca (the association of Italian cooperative banks). Gabriella Breno is the ceo of Prelios Innovation.
Axactor Italy, the subsidiary of Sweden’s listed Axactor, said it reached an agreement for buying a portfolio of retail unsecured NPLs of 44 million euros from Findomestic (see here a previous post by BeBeez). Antonio Cataneo is the ceo of Axactor Italia.
Sagitta (part of Arrow Global) raised 100 million euros for its vehicle SGT ACO Direct Lending (Italy) Fund, a provider of direct lending facilities to Italian SMEs in distress (see here a previous post by BeBeez). The fund will support the borrowers for repaying their debt and implementing relaunch strategies. Claudio Nardone, the ceo of Sagitta, said that the firm is also going to launch a direct lending fund for UTPs.
