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Italian NPL investor doValue paid 350 million euros in cash (40 million earnout upon targets achievement) for acquiring German competitor coeo Group, a firm that also operates in Austria, Switzerland, United Kingdom, Sweden, Norway, Belgium, and the Netherlands on behalf of large caps such as Santander, Klarna, Lidl, EasyPark, e-On, and Vattenfall (see here a previous post by BeBeez). The DACH firm has a turnover of 182 million euros with an ebitda of 75 million and provides AI-based solutions for credit servicing. Goldman Sachs assisted doValue while Unicredit and Citi provided a 325 million bridge loan that the borrower may refinance in early 2026 with a bond issuance. Tom Haverkamp and Waterland Private Equity (previously 65% owner) sold their stakes in coeo while the managers Sebastian Ludwig, Eric Wince and Elias Reitter will reinvest for a 3% of the business. Manuela Franchi is the ceo of doValue while Daniele Della Seta is the company’s head of M&A. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors and its portfolio companies. Find out here how to subscribe for one month or one year or Click here for booking a demo videocall with BeBeez database manager
IDeA Corporate Credit Recovery, part of DeA Capital Alternative Funds, will invest in The Market Propco, the San Marino company that manages troubled San Marino Outlet Experience (SMOE) (see here a previous post by BeBeez). The fund acquired a minority stake of the target after having purchased the credits of Intesa Sanpaolo. Banca Agricola Commerciale San Marino also acquired a minority of SMOE whose majority belongs to Borletti Group and Domus, a vehicle of Hines, Apollo Asset Management and VI-BA. Dea Real Estate Advisor, Vincenzo Buonocore and VLG Capital are further owners of SMOE. DeA Capital Alternative Funds and Banca Agricola Commerciale retained Gianni & Origoni. Cerina Studio Legale, Paolo Mazzanti and Notaio Alberto Albertini assisted Borletti Group and Domus. EY Parthenon and Promos assisted SMOE that appointed Francesco Furino as ceo. BeBeez Private Data, the private capital database of BeBeez and FSI, monitors IDeA CCR and its portfolio companies. Find out here how to subscribe for one month or one year or Click here for booking a demo videocall with BeBeez database manager
