Dan Șucu, a Romanian entrepreneur, said that he poured 40 million euros in troubled Italian football team Genoa Cricket and Football Club and that now owns 77% of the asset (see here a previous post by BeBeez). However, Genoa and A-CAP, a New York based creditor of the team’s previous majority owner 777 Partners, denied Șucu’s statement.
Imesa, an Italian player in the sector of electromechanic constructions, received financing facilities of 12.7 million euros from Guber Banca and Tyche Bank (see here a previous post by BeBeez). The company will invest such proceeds in improving its margins, working capital and relaunching its core business. Giampiero Schiavoni is the ceo of Imesa which has sales in the region of 30 million. Damiano Pascucci is the head of special situations lending of Guber Banca. Enrico Rossetti is the chairman of Tyche Bank.
Milan listed real estate developer and alternative assets manager Borgosesia acquired 49% of troubled Fattorie Santo Pietro (FSP) (see here a previous post by BeBeez). The financial firm also acquired the credits of the target through BGS Securities spv. Such a transaction is part of the securitizations of Borgosesia’s Basket Loans Program which aims to invest 100 million euros in NPEs. Borgosesia will invest in the junior notes. The transaction with FSP is worth in the region of 6.3 million. By 31 December 2029, Borgosesia will subscribe to a 1.7 million capital increase of Siena-based FSP.
The board of directors of MCC decided to hold exclusive talks with Banca del Fucino for the discussing the bit that tabled for acquiring 85.3% of Cassa di Risparmio di Orvieto (see here a previous post by BeBeez). The target also attracted the interest of Banco Desio,and Banca Agricola Popolare di Ragusa. MCC and Invitalia previously acquire Cassa di Risparmio di Orvieto out of a white knight deal.
In 2024, auctions for distressed real estate assets went down 12% yoy, said Report Aste 2024 of AstaSy Analytics – Npls Re_Solutions (see here a previous post by BeBeez). Massimiliano Morana is the ceo of Npls Re_Solutions.
