SEI, the real estate unit of Gruppo Maccaferri can start its clearance sale (see here a previous post by BeBeez). In 2021, Bologna Court issued a bankruptcy sentence for SECI, the holding of the Maccaferri Family. SEI retained Ways Advisory, Luigi Balestra and Francesco Nesci. Rome’s Castel Romano Shopping Village is one of the assets of SEI. Apeiron Management, the exclusive partner of Apollo Global Management for the Italian market, led the pool of lenders. Sagitta, part of Gruppo Europa Investimenti, che ha svolto il ruolo di assumer of the receivership arrangement and took over SEI’s 35.5 million euros worth assets ahead of paying 20% – 22% of the firm’s unsecured debts.
In 3Q23 Clessidra Factoring, a provider of specialty finance facilities to SMEs in special situation, generated a 465.2 million euros turnover (+54% yoy) (see here a previous post by BeBeez). In 2022, Clessidra Factoring generated a turnover of 459.1 million (+85%).
In 3Q23, 5.468 Italian companies bankruptedl (+1.48% yoy, but down 32.9% from 3Q19), said a report of Cribis, part of Italian business information firm CRIF (see here a previous post by BeBeez).
A total of 200 million life premiums were placed in one month by Italian insurer Reale Mutua through the products “Straordinaria Reale” and “Superboost” (by Italiana Assicurazioni) (see here a previous post by BeBeez). The result received the support from the synergy with Banca Finint. These products were born out of the combination of a separately managed insurance fund and a specific provision made up of the securitization of tax credits arising from “ecobonus” interventions, with a guarantee of capital over the entire duration and yield on the first 5 years, downstream of rigorous verification and due diligence processes. The security generated offers a yield to date superior to other financial instruments of the same quality and tenure. The synergy among Banca Reale, Reale Mutua and Italiana Assicurazioni with Banca Finint has also led to a simple financial structure that yields the value generated by Reale Group’s interventions in the real economy to encourage energy transactions and improve the environmental impact of housing. Massimo Luviè is thed co-general manager of Reale Mutua di Assicurazioni and General Manager of Banca Reale. Massimo Mazzega is an executive director of Banca Finint.
