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Cerved exploring the sale of its credit management division to Bain and other funds

13 September, Il Sole 24 Ore

Cerved is expecting the first manifestations of interest for Cerved Credit Management, its credit management business division. The unit manages credits for 53.3 billion euro, 43.8 billion of which are NPLs. Cerved might sell the unit or integrate it with another player with successively a possible IPO or find a strategic partner to develop the business. Among the candidates, there are funds like Bain Capital Credit, Cerberus and Apollo, as well as doValue (formerly doBank) and Prelios.

Source: Il Sole 24 Ore

Translator: Cristina Ambrosi