Track record

We have successfully completed several operations, all of them characterized by excellent results in terms of return and multiples on invested capital.

2019

Valbona

Transaction of assumption of pre- bankruptcy agreement with creditors definitively approved by the Court of Rovigo in February 2019

  • Nominal value of restructured liabilities: € 38,7 million
  • Pre-Bankruptcy charges (secured by a bank guarantee): € 19,0 million
  • Nominal value of assets assumed: € 27,7 million

Tre-A

Transaction of assumption of bankruptcy agreement with creditors definitively approved by the Court of Rome in June 2019

  • Nominal value of restructured liabilities: € 32,2 million
  • Pre-Bankruptcy charges (secured by a bank guarantee): € 6,2 million
  • Nominal value of assets assumed: € 25,2 million

Securitizations

Subscribed securities of different seniority issued by securitization vehicles established pursuant to Law 130/99 which have been made available as assignees of assets represented by unsecured non-performing loans entered in bankruptcy proceedings

  • Nominal value of the underlying assets: over € 450 million

2018

Spinelli

Transaction of assumption of bankruptcy agreement with creditors definitively approved by the Court of Ascoli Piceno in September 2018

  • Nominal value of restructured liabilities: € 26,9 million
  • Pre-Bankruptcy charges (secured by a bank guarantee): € 7,7 million
  • Nominal value of assets assumed: € 19,8 million

ZH Costruzioni

Transaction of assumption of bankruptcy agreement with creditors definitively approved by the Court of Bolzano in December 2018

  • Nominal value of restructured liabilities: € 75,6 million
  • Pre-Bankruptcy charges (secured by a bank guarantee): € 1,8 million
  • Nominal value of assets assumed: € 36,0 million

CO.GE.I.

Transaction of assumption of bankruptcy agreement with creditors definitively approved by the Court of Rome in October 2018

  • Nominal value of restructured liabilities: € 409,8 million
  • Pre-Bankruptcy charges (secured by a bank guarantee): € 10,0 million
  • Nominal value of assets assumed: € 74,9 million

My Market

Transaction of assumption of bankruptcy agreement with creditors definitively approved by the Court of Messina in November 2018

  • Nominal value of restructured liabilities: € 25 million
  • Pre-Bankruptcy charges (secured by a bank guarantee): € 1,6 million
  • Nominal value of assets assumed: € 8,3 million

Cedis

Transaction of assumption of bankruptcy agreement on a company under extraordinary administration definitively approved by the Court of Bari in October 2018

  • Nominal value of restructured liabilities: € 31,1 million
  • Pre-Bankruptcy charges (secured by a bank guarantee): € 0,6 million
  • Nominal value of assets assumed: € 7,2 million

Securitizations

Subscribed securities of different seniority issued by securitization vehicles established pursuant to Law 130/99 which have been made available as assignees of assets represented by unsecured non-performing loans entered in bankruptcy proceedings

  • Nominal value of the underlying assets: over € 230 million

2017

Eltra

Transaction of assumption of bankruptcy agreement with creditors definitively approved by the Court of Torre Annunziata in July 2017

  • Nominal value of restructured liabilities: € 10,1 million
  • Pre-Bankruptcy charges (secured by a bank guarantee): € 4,5 million
  • Nominal value of assets assumed: € 5,9 million

Selcom

Acquisition of assets represented by stakes in a company operating in the production of electronic and mechanical equipment and systems.

AdB RE

Acquisition of single name RE deriving from non-performing leases with a nominal value above € 5 million

Lawsuit BS

Acquisition from bankruptcy companies of litigation for liability actions against primary counterparties with a nominal value above € 10 million

RE Vegagest

Acquisition of exposures on RE assets held by closed real estate fund

Securitizations

Subscribed securities of different seniority issued by securitization vehicles established pursuant to Law 130/99 which have been made available as assignees of assets represented by unsecured non-performing loans entered in bankruptcy proceedings

  • Nominal value of the underlying assets: over € 250 million

2016

Sale Ideale

Acquisition of assets represented by a stake in a company holding a patent for the production of low-salt liquid salt

Old.SA

Transaction of assumption of arrangement with creditors definitively approved by the Court of Padua in March 2016

  • Nominal value of restructured liabilities: € 2,5 million
  • Bankruptcy charges (secured by a bank guarantee): € 1,5 million
  • Nominal value of assets assumed: € 3,9 million

H.D.I. Holding Dolciaria Italiana

Transaction of assumption of bankruptcy agreement with creditors definitively approved by the Court of Cremona in April 2016

  • Nominal value of restructured liabilities: € 36,5 million
  • Pre-Bankruptcy charges (secured by a bank guarantee): € 16,1 million
  • Nominal value of assets assumed: € 36,4 million

By You

Acquisition of receivables and participation in companies in liquidation in arrangement with credit card owner of distressed assets.

  • Nominal value of assets assumed: € 2,1 million

Securitizations

Subscribed securities of different seniority issued by securitization vehicles established pursuant to Law 130/99 which have been made available as assignees of assets represented by unsecured non-performing loans entered in bankruptcy proceedings

  • Nominal value of the underlying assets: over € 350 million

2015

Lanificio L.T.

Transaction of assumption of bankruptcy agreement with creditors definitively approved by the Court of Prato in July 2015

  • Nominal value of restructured liabilities: € 1,1 million
  • Pre-Bankruptcy charges (secured by a bank guarantee): € 0,1 million
  • Nominal value of assets assumed: € 0,8 million

F.M.R.

Transaction of assumption of bankruptcy agreement with creditors definitively approved by the Court of Bologna in December 2015

  • Nominal value of restructured liabilities: € 5,8 million
  • Pre-Bankruptcy charges (secured by a bank guarantee): € 4,7 million
  • Nominal value of assets assumed: € 26,6 million

Autocommissionaria Pratese

Transaction of assumption of bankruptcy agreement with creditors definitively approved by the Court of Prato in January 2015

  • Nominal value of restructured liabilities: € 4,9 million
  • Pre-Bankruptcy charges (secured by a bank guarantee): € 2,1 million
  • Nominal value of assets assumed: € 4,8 million

Progetto Magnolia

Acquisition of shares in a company in liquidation that was owner of distressed assets

  • Nominal value of restructured liabilities: € 0,7 million

2014

Marco

Transaction of assumption of bankruptcy agreement with creditors definitively approved by the Court of Fermo in June 2014

  • Nominal value of restructured liabilities: € 3,4 million
  • Pre-Bankruptcy charges (secured by a bank guarantee): € 1,7 million
  • Nominal value of assets assumed: € 3,5 million

Calzaturificio Duemila

Transaction of assumption of bankruptcy agreement with creditors definitively approved by the Court of Naples in October 2014

  • Nominal value of restructured liabilities: € 1,1 million
  • Pre-Bankruptcy charges (secured by a bank guarantee): € 0,6 million
  • Nominal value of assets assumed: € 1,5 million

Victor

Transaction of assumption of bankruptcy agreement with creditors definitively approved by the Court of Rome in November 2014

  • Nominal value of restructured liabilities: € 21,0 million
  • Pre-Bankruptcy charges (secured by a bank guarantee): € 3,3 million
  • Nominal value of assets assumed: € 4,0 million

La Spola

Transaction of assumption of bankruptcy agreement with creditors definitively approved by the Court of Prato in April 2014

  • Nominal value of restructured liabilities: € 3,2 million
  • Pre-Bankruptcy charges (secured by a bank guarantee): € 0,3 million
  • Nominal value of assets assumed: € 0,7 million

Cavirivest

Transaction of assumption of bankruptcy agreement with creditors definitively approved by the Court of Padua in May 2014

  • Nominal value of restructured liabilities: € 72,0 million
  • Pre-Bankruptcy charges (secured by a bank guarantee): € 16,6 million
  • Nominal value of assets assumed: € 78,0 million

Frau Medica

Transaction of assumption of bankruptcy agreement with creditors definitively approved by the Court of Milan in May 2014

  • Nominal value of restructured liabilities: € 1,7 million
  • Pre-Bankruptcy charges (secured by a bank guarantee): € 0,9 million
  • Nominal value of assets assumed: € 2,0 million

Gruppo Fioroni

Transaction of assumption of bankruptcy agreement with creditors on companies I extraordinary administrations definitively approved by the Court of Perugia in June 2014

  • Nominal value of restructured liabilities: € 179,5 million
  • Pre-Bankruptcy charges (secured by a bank guarantee): € 22,6 million
  • Nominal value of assets assumed: € 59,2 million

2013

Tormar

Transaction of assumption of bankruptcy agreement with creditors definitively approved by the Court of Rome in January 2013

  • Nominal value of restructured liabilities: € 4,2 million
  • Pre-Bankruptcy charges (secured by a bank guarantee): € 1,9 million
  • Nominal value of assets assumed: € 3,1 million

F.M.E.

Transaction of assumption of bankruptcy agreement with creditors definitively approved by the Court of Asti in February 2013

  • Nominal value of restructured liabilities: € 9,9 million
  • Pre-Bankruptcy charges (secured by a bank guarantee): € 1,7 million
  • Nominal value of assets assumed: € 2,6 million

Distribuzione Detersivi Nobile

Transaction of assumption of bankruptcy agreement with creditors definitively approved by the Court of Palermo in January 2013

  • Nominal value of restructured liabilities: € 1,2 million
  • Pre-Bankruptcy charges (secured by a bank guarantee): € 0,8 million
  • Nominal value of assets assumed: € 3,3 million

Gruppo Osvaldo Bruni

Transaction of assumption of bankruptcy agreement with creditors definitively approved by the Court of Prato in July 2013

  • Nominal value of restructured liabilities: € 13,2 million
  • Pre-Bankruptcy charges (secured by a bank guarantee): € 1,3 million
  • Nominal value of assets assumed: € 3,0 million

Co. Mart.

Transaction of assumption of bankruptcy agreement with creditors definitively approved by the Court of Bari in July 2013

  • Nominal value of restructured liabilities: € 135,8 million
  • Pre-Bankruptcy charges (secured by a bank guarantee): € 6,5 million
  • Nominal value of assets assumed: € 134,5 million

Cei Casillo

Transaction of assumption of bankruptcy agreement with creditors definitively approved by the Court of Rome in August 2013

  • Nominal value of restructured liabilities: € 22,0 million
  • Pre-Bankruptcy charges (secured by a bank guarantee): € 4,5 million
  • Nominal value of assets assumed: € 10,0 million

Lema

Transaction of assumption of bankruptcy agreement with creditors definitively approved by the Court of Perugia in October 2013

  • Nominal value of restructured liabilities: € 1,8 million
  • Pre-Bankruptcy charges (secured by a bank guarantee): € 0,3 million
  • Nominal value of assets assumed: € 1,0 million

Formaggi San Giorgio

Transaction of assumption of bankruptcy agreement with creditors definitively approved by the Court of Mantua in November 2013

  • Nominal value of restructured liabilities: € 1,1 million
  • Pre-Bankruptcy charges (secured by a bank guarantee): € 0,8 million
  • Nominal value of assets assumed: € 1,6 million

Dragomar

Transaction of assumption of bankruptcy agreement with creditors definitively approved by the Court of Rome in December 2013

  • Nominal value of restructured liabilities: € 58,1 million
  • Pre-Bankruptcy charges (secured by a bank guarantee): € 4,8 million
  • Nominal value of assets assumed: € 11,9 million

Cositalia

Transaction of assumption of bankruptcy agreement with creditors definitively approved by the Court of Palermo in March 2013

  • Nominal value of restructured liabilities: € 1,7 million
  • Pre-Bankruptcy charges (secured by a bank guarantee): € 0,8 million
  • Nominal value of assets assumed: € 1,7 million

Calzaturificio Big Maker 2

Transaction of assumption of bankruptcy agreement with creditors definitively approved by the Court of Trani in March 2013

  • Nominal value of restructured liabilities: € 3,7 million
  • Pre-Bankruptcy charges (secured by a bank guarantee): € 1,9 million
  • Nominal value of assets assumed: € 3,2 million

Immobiliare Federico

Transaction of assumption of bankruptcy agreement with creditors definitively approved by the Court of Prato in April 2013

  • Nominal value of restructured liabilities: € 31,8 million
  • Pre-Bankruptcy charges (secured by a bank guarantee): € 0,4 million
  • Nominal value of assets assumed: € 2,3 million

Meccanica Zag

Transaction of assumption of bankruptcy agreement with creditors definitively approved by the Court of Bologna in May 2013

  • Nominal value of restructured liabilities: € 1,0 million
  • Pre-Bankruptcy charges (secured by a bank guarantee): € 0,6 million
  • Nominal value of assets assumed: € 0,9 million

Cicciari e Mirabile

Transaction of assumption of bankruptcy agreement with creditors definitively approved by the Court of Barcellona Pozzo di Gotto in June 2013

  • Nominal value of restructured liabilities: € 1,7 million
  • Pre-Bankruptcy charges (secured by a bank guarantee): € 0,7 million
  • Nominal value of assets assumed: € 1,4 million

Apollo Tendenze Moda

Transaction of assumption of bankruptcy agreement with creditors definitively approved by the Court of Prato in June 2013

  • Nominal value of restructured liabilities: € 0,4 million
  • Pre-Bankruptcy charges (secured by a bank guarantee): € 2,4 million
  • Nominal value of assets assumed: € 3,4 million

2012

Maglificio Frabo's

Transaction of assumption of bankruptcy agreement with creditors definitively approved by the Court of Trani in September 2012

  • Nominal value of restructured liabilities: € 2,8 million
  • Pre-Bankruptcy charges (secured by a bank guarantee): € 1,6 million
  • Nominal value of assets assumed: € 3,5 million

Cedifor

Transaction of assumption of bankruptcy agreement with creditors definitively approved by the Court of Barcellona Pozzo di Gotto in December 2012

  • Nominal value of restructured liabilities: € 4,0 million
  • Pre-Bankruptcy charges (secured by a bank guarantee): € 1,6 million
  • Nominal value of assets assumed: € 3,1 million

Mario Niccoli

Transaction of assumption of bankruptcy agreement with creditors definitively approved by the Court of Pistoia in March 2012

  • Nominal value of restructured liabilities: € 11,8 million
  • Pre-Bankruptcy charges (secured by a bank guarantee): € 0,8 million
  • VNominal value of assets assumed: € 3,1 million

2011

Simeltel

Transaction of assumption of bankruptcy agreement with creditors definitively approved by the Court of Naples in June 2011

  • Nominal value of restructured liabilities: € 0,7 million
  • Pre-Bankruptcy charges (secured by a bank guarantee): € 0,2 million
  • Nominal value of assets assumed: € 0,5 million

Arlecchino

Transaction of assumption of bankruptcy agreement with creditors definitively approved by the Court of Latina in May 2011

  • Nominal value of restructured liabilities: € 36,6 million
  • Pre-Bankruptcy charges (secured by a bank guarantee): € 11,5 million
  • Nominal value of assets assumed: € 37,6 million

Ce. Di. Puglia

Transaction of assumption of bankruptcy agreement with creditors definitively approved by the Court of Bari in June 2011

  • Nominal value of restructured liabilities: € 245,0 million
  • Pre-Bankruptcy charges (secured by a bank guarantee): € 52,7 million
  • Nominal value of assets assumed: € 400,0 million

2010

Cantiere Navale Valdettaro

Transaction of assumption of bankruptcy agreement with creditors definitively approved by the Court of La Spezia in July 2010

  • Nominal value of restructured liabilities: € 18,4 million
  • Pre-Bankruptcy charges (secured by a bank guarantee): € 2,2 million
  • Nominal value of assets assumed: € 11,0 million

Sielm

Transaction of assumption of bankruptcy agreement with creditors definitively approved by the Court of Rome in October 2010

  • Nominal value of restructured liabilities: € 23,1 million
  • Pre-Bankruptcy charges (secured by a bank guarantee): € 6,0 million
  • Nominal value of assets assumed: € 45,2 million

Luigi Procacci

Transaction of assumption of bankruptcy agreement with creditors definitively approved by the Court of Trani in March 2010

  • Nominal value of restructured liabilities: € 2,8 million
  • Pre-Bankruptcy charges (secured by a bank guarantee): € 0,9 million
  • Nominal value of assets assumed: € 2,2 million

Gruppo Nadini

Transaction of assumption of bankruptcy agreement with creditors definitively approved by the Court of Modena in March 2010

  • Nominal value of restructured liabilities: € 79,2 million
  • Pre-Bankruptcy charges (secured by a bank guarantee): € 8,8 million
  • Nominal value of assets assumed: € 14,7 million

Euro Fresco

Transaction of assumption of bankruptcy agreement with creditors definitively approved by the Court of Bologna in May 2010

  • Nominal value of restructured liabilities: € 1,6 million
  • Pre-Bankruptcy charges (secured by a bank guarantee): € 0,7 million
  • Nominal value of assets assumed: € 1,8 million

2009

Faber Factor

Transaction of assumption of pre-bankruptcy agreement with creditors definitively approved by the Court of Ancona in June 2009

  • Nominal value of restructured liabilities: € 95,7 million
  • Pre-Bankruptcy charges (secured by a bank guarantee): € 71,8 million
  • Nominal value of assets assumed: € 303,9 million