Italy’s NPLs and private debt weekly roundup. News from Italian Government, FVS sgr, Recordati, Hoist Italia, BV Tech, Marina di Punta Nera, Alcea

Italy’s NPLs and private debt weekly roundup. News from Italian Government, FVS sgr, Recordati, Hoist Italia, BV Tech, Marina di Punta Nera, Alcea
The Italian Government is working on extending the GACS, the State warranty for NPLs, to UTPs (see here a previous post by BeBeez). The Italian Government will discuss this plan with the European Commission in the last quarter of 2018. On another front, Banco di Desio announced it obtained GACS on senior tranches of its 1 billion euros NPLs securitization (2Worlds), while Banco di Sardegna (part of Bper) gained the GACS for its NPLs portfolio 4 Mori that sold in June. The turnaround fund that FVS sgr and Pillarstone Italy launched to recover the businesses that the bankruptcy of Veneto Banca and Popolare di Vicenza damaged, has started to work with SGA (Società Gestione Attività – of whichMarina Natale is the ceo), said Fabrizio Spagna, chairman of Veneto Sviluppo, the owner of FVS  (see here a previous post by BeBeez). Spagna was speaking on the side lines of an event that Italian financial advisor Frigiolini & Partners Merchant arranged. FEP is the owner of equity crowdfunding platform Schermata. CVC Capital Partners is about to finalise the issuance of bonds for financing the acquisition of Italian listed pharma company Recordati (see here a previous post by BeBeez). The private equity giant will place one senior secured tranche of 1.28 billion of euros with a 7 years tenure callable from the third year paying an undisclosed fixed rate. The second tranche will instead pay an undisclosed floating interest, have a seven years ten[...]

Lascia un Commento

L'indirizzo email non verrà pubblicato. I campi obbligatori sono contrassegnati *

È possibile utilizzare questi tag ed attributi XHTML: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>