Cordifin acquired logistic areas in Verona for €26.5 mln

21 September, Bebeez

Cordifin, a company operating in the aluminium, zinc and copper sector, acquired for €26.5 million a 200,000 Sqm logistic area located in the freight terminal Interporto Quadrante Europa, near Verona. Swiss group Hangartner is in charge of the logistic management of the facilities. The operation was funded for €21 million by Illimity Bank.

Source: Bebeez

Translator: Cristina Ambrosi

Intrum, Amco and Illimity acquired NPLs from Mps for €900 mln

05 August, Finance Community

Following a tender to acquire NPLs amounting to €900 million originated from MPS (Banca Montepaschi di Siena), Intrum got €365 million (primarily unsecured loans), Amco bought non-performing loans for €208 million, and Illimity acquired corporate loans for €340 million. The operation will be completed by Q4 2022.

Source: Finance Community

Translator: Cristina Ambrosi

Illimity acquired Arec for €40 mln

11 May, Milano Finanza

Illimity announced the acquisition of Aurora Recovery Capital (Arec) for a €40 million enterprise value. The company operates in UTP management specializing in corporate real estate. The acquisition will lead to the creation of a new servicer for distressed corporate credits with a focus on unlikely-to-pay credits.

Source: Milano Finanza

Translator: Cristina Ambrosi

Illimity and Cordifin acquired for €50 mln two hotels in Venice

07 January, Bebeez

Illimity and Cordifin acquired two four-stars hotels in Venice, Ai Cavalieri and Ai Reali, for €50 million from AMCO, Intesa and Prelios. The operation was carried through securitisation with two tranches backed by assets. Illimity subscribed the senior tranche, while Cordifin subscribed the junior one.

Source: Bebeez

Translator: Cristina Ambrosi

illimity to form a joint venture with Apollo to invest up to 500 mln € in NPLs

17 June, La Stampa

illimity Bank entered a binding agreement with Apollo Global Management to form a joint venture to invest up to 500 million € in distressed credits. The investments will concern Italian bad loans and unlikely-to-pay backed by assets. illimity will also allocate 231 million € to the JV, which will have an initial investment horizon of 2 years. Neprix (illimity Group) has been appointed to manage the credits.

Source: La Stampa

Translator: Cristina Ambrosi

 

Illimity acquired UTPs for 21 mln € connected to a residential project in Albenga

23 December, Monitor Immobiliare

Illimity Bank acquired from Banco Bpm credits for a nominal value amounting to 21 million €. The credit lines refer to the company Barberis Group, which operates in construction and real estate development. The operation concerns UTPs connected to a residential development project in Albenga (Savona). According to the agreement, Illimity will provide further funding for 7.3 million € to complete the works.

Source: Monitor Immobiliare

Translator: Cristina Ambrosi

UniCredit transferred the second tranche of UTPs to Illimity within its 600 mln € operation

13 November, Credit Village

UniCredit and Illimity Bank announced the transfer of the second tranche of UTPs as part of a broader operation totalling 600 million €. This last transfer was for a 153 million € GBV and concerned about 220 Italian SMEs. The total transacted value so far is 243 million €.

Source: Credit Village

Translator: Cristina Ambrosi

Illimity acquired from UniCredit UTP portfolio for 153 mln €

13 November, In House Community

Illimity Bank acquired from UniCredit a UTP portfolio for a nominal value of 153 million €. This acquisition is part of a broader operation amounting to 600 million € in total and exclusively consisting of UTPs towards about 450 Italian SMEs.

Source: In House Community

Translator: Cristina Ambrosi

Illimity completed two new UTP operations totalling 120 mln €

02 November, Credit Village

Illimity Bank S.p.A. announced the completion of two UTP transaction for a total GBV of 120 million €. The first operation concerns a joint venture with VEI Green aiming at investing up to 100 million € in the energy sector. With this operation, Illimity acquired seven holdings, mostly UTP, amounting to 20.5 million €. The second transaction consists in the acquisition of single name UTPs held by Banco Bpm towards FinGruppo Holding S.p.A., currently under liquidation, for a total amount of approximately 98 million €.

Source: Credit Village

Translator: Cristina Ambrosi

Unicredit sold NPL portfolio to Illimity ofr 692 mln €

22 October, Bebeez

Unicredit sold an NPL portfolio named New York to Illimity for a nominal value of 692 million €. The portfolio includes secured loans relating to Italian SMEs.

Source: Bebeez

Translator: Cristina Ambrosi