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Italy’s distressed assets and NPEs weekly round-up. News from Confidi Sistema!, Cooperativa Artigiana di Garanzia di Lecco, Cooperativa Artigiana di Garanzia di Brescia, Creditfidi, Sinvest, Ver Capital, Sienna Investment Managers, CDP, and more

Salvatore Brunoby Salvatore Bruno
September 25, 2024
Reading Time: 1 min read
in Uncategorized
Italy’s distressed assets and NPEs weekly round-up. News from Confidi Sistema!, Cooperativa Artigiana di Garanzia di Lecco, Cooperativa Artigiana di Garanzia di Brescia, Creditfidi, Sinvest, Ver Capital, Sienna Investment Managers, CDP, and more
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Confidi Sistema! acquired Cooperativa Artigiana di Garanzia di Lecco, Cooperativa Artigiana di Garanzia di Brescia, Creditfidi, and Sinvest (see here a previous post by BeBeez). After such a deal, the MSMEs that are associate of Confidi Systema! amount to 93000 for credit warranties worht 15.3 million euros.

Ver Capital, an European corporate credit firm that belongs to Sienna Investment Managers, said it reached a first closing of 100 million euros for its Special Situations fund that aims to get resources for 300 million (see here a previous post by BeBeez). The vehicle aims to close twelve deals in eight years and will target companies in distress with revenues of at least 50 millioni. Patrimonio Rilancio, part of Cassa Depositi e Prestiti, invested in this fund

Michele Zorzi is the new ceo of J-Invest, an independent financial services company for the distressed assets and non performing loans sectors (see here a previous post by BeBeez). Zorzi previously worked for Unicredit Group, Mediobanca and Guber Banca.

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