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NPLs, Lone Star sells the Caf platform

16 October, Il Sole 24 Ore

A dynamic market with many active players. The world of companies specialised in the management of non-performing loans is heading towards its consolidation. Recently, the American Fund Lone Star has put on sale its subsidiary Caf (Centrale Attività Finanziarie), an Italian company operating in credit collections and bad loans management acquired in 2015. The platform is focused on the collection of banks’ credit. With its 200 associates, it manages about 8 billion gross NPL, 60% of which secured, mostly through a Reoco that repurchases the assets. There is also on the table the transfer of approximately 400 million NPL coming from Tercas. Lone Star, assisted by Kpmg, aims at collecting the non-binding manifestations of interest by the middle of November. Among the players invited to the tender, there are all the main Italian servicers, but also international investors, which may find in this way an access to the NPL market, which is very active now.

 

Source: Il Sole 24 Ore

Translator: Cristina Ambrosi

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