Gattai, Minoli, Partners with Cerved Credit Management in the acquisition of Rev

The Firm advised Cerved Credit Management in the tender procedure which awarded the operating platform of REV Gestione Crediti – a company wholly owned by the National Resolution Fund (“Fondo Nazionale di Risoluzione”) and which was incorporated in 2015 by the Bank of Italy to allocate the exposures of four Italian banks under resolution (Popolare Etruria, Banca Marche, Cassa di Chieti and CariFerrara) – to Cerved. Cerved will therefore be entrusted with the management of Euro 8.3 billion of outstanding NPL and the supply of ancillary services, thus exceeding Euro 44 billion of NPL under management and confirming as one of the leading players in the credit management industry.

The transaction is one of the most significant deals carried out in the NPEs market in the last three years, also in terms of volumes.

Gattai, Minoli, Partners advised Cerved in the context of the tender procedure, as well as in the definition and finalization of the transaction’s documents, with a team coordinated by partners Emanuela Campari Bernacchi and Valentina Lattanzi with senior associate Mattia Valdinoci and associate Carlotta Antonelli, as far as the structured finance profiles are concerned, and composed of partner Sebastiano Cassani and senior associate Enrico Candotti for corporate aspects and partner Lorenzo Cairo and senior associate Francesco D’Avanzo with regard to labour profiles.