Gattai, Minoli, Agostinelli & Partners advisor to MB Credit Solutions in the acquisition of 4 portfolios of non-performing loans for Euro 665.3 million

Gattai, Minoli, Agostinelli & Partners, with a team formed by the head of the Structured Finance Department Emanuela Campari Bernacchi and Senior Associate Salvatore Graziadei, assisted MBCredit Solutions in the acquisition of 4 portfolios of non-performing unsecured loans for a total value of Euro 665.3 million (nominal value) corresponding to approximately 40.000 positions. The credits belong both to the primary and secondary markets.

In particular:

  • the most relevant portfolio acquired by CRC Bayview (secondary market), includes non-performing unsecured receivables related to loans, bank accounts and personal loans for a value of Euro 425 million (nominal value);
  • the second portfolio, equal to Euro 217 million (nominal value) of non-performing unsecured receivables, has been acquired by Balbec and includes unsecured corporate loans deriving from leasing contracts;
  • the third portfolio having a nominal value equal Euro 12 million, acquired by ViVi Banca S.p.A., includes corporate and individual unsecured loans deriving from personal leasing and personal loans;
  • the last portfolio, acquired by Consel S.p.A., has a nominal value of Euro 11.3 million and includes unsecured receivables deriving from consumer credit and personal loans.

As a result of the above transactions, MBCredit Solutions’ property portfolio amounts to approximately Euro 5 billion (nominal value), for a total of over 600.000 positions.