Download here the BeBeez Private Debt Report 2024 available for the subscribers to BeBeez News Premium and BeBeez Private Data.
In 2024, market participants and Italian companies closed deals worth above 37 billion euros (34.5 billion in 2023) that also include the transactions with independent fintech platforms such as FinDynamic and PlusAdvance that amounted to 8 billion (10 billion in 2023), BeBeez Private Debt Report 2024 says (see here BeBeez Private Debt Report 2023).
Officine CST, a credit servicer of Cerberus Capital Management, will start investing in NPEs, ceo Paolo Gesa said to BeBeez (see here a previous post by BeBeez). Roberto Nicastro is the chairman of Officine CST which has aum of one billion euros.
Italian Caprera & Partner hired PwC TLS and carried on a securitization is support of a luxury real estate development in Sardinia’s Parco Residenziale di Portobello di Gallura through Gallura 1 spv (see here a previous post by BeBeez). The vehicle acquired a villa in Aglientu (Sassari area) and further patches of building land from Nashira, a company based in Padua that Rita Caprera (the owner of Caprera & Partners) and Maurizio Matteucci created. Gallura 1 spv issued abs notes of four classes that attracted the resources of an unnamed lender. Caprera & Partner acted as asset manager, Blue Factor as Master Servicer, Accounting Partners as Corporate Servicer and Calculation Agent; M&G Trustee Company Limited is advising the debtholders; BonelliErede assisted the bank that acquired the abs notes.
On 10 April, Thursday, Milan-listed financial services firm Kruso Kapital (part of Banca Sistema) issued a 2 million euros Credit Linked Note that has a pledges portfolio as underlying (see here a previous post by BeBeez). Gold items of different carats for a market value of gold worth almost twice the nominal value of the note make the pledges which have a median value of 1500 euros. The credit linked note has an amortisation profile that depends on the underlying pledges with an estimated average duration of 4 months and a coupon of 6M Euribor rate plus 325 basis points. The coupon payment and principal repayment will take place on a quarterly basis, in line with the natural turnover of the underlying loan portfolio. Kruso Kapital placed the issuance for qualified investors with the support of Banca Sistema. Carlo Di Pierro is the cfo of Kruso Kapital (fka ProntoPegno).
