No Result
View All Result
  • Private Data
  • Membership options
  • Login
  • COUNTRY
    • ITALY
    • IBERIA
    • FRANCE
    • UK&IRELAND
    • BENELUX
    • DACH
    • SCANDINAVIA&BALTICS
  • PRIVATE EQUITY
  • VENTURE CAPITAL
  • PRIVATE DEBT
  • DISTRESSED ASSETS
  • REAL ESTATE
  • FINTECH
  • GREEN
  • PREMIUM
    • ItaHubHOT
      • ItaHub Legal
      • ItaHub Tax
      • ItaHub Trend
    • REPORT
    • INSIGHT VIEW
    • Private Data
Subscribe
  • COUNTRY
    • ITALY
    • IBERIA
    • FRANCE
    • UK&IRELAND
    • BENELUX
    • DACH
    • SCANDINAVIA&BALTICS
  • PRIVATE EQUITY
  • VENTURE CAPITAL
  • PRIVATE DEBT
  • DISTRESSED ASSETS
  • REAL ESTATE
  • FINTECH
  • GREEN
  • PREMIUM
    • ItaHubHOT
      • ItaHub Legal
      • ItaHub Tax
      • ItaHub Trend
    • REPORT
    • INSIGHT VIEW
    • Private Data

Home DISTRESSED ASSETS

Atlante II fund to buy a 2.2 bn euros Npe portfolio from three out of four good banks

bebeezby bebeez
January 30, 2017
Reading Time: 2 mins read
in DISTRESSED ASSETS, ITALY
Share on LinkedinShare on FacebookShare on Twitter

logo-quaestio-capitalAtlante II fund managed by Italy’ Quaestio Capital Management sgr signed an agreement to buy a 2.2 billion euros portfolio of non performing exposures from Nuova Banche Marche, Nuova Banca dell’Etruria e Nuova Cassa di Risparmio di Chieti, three of the four italian banks that together with Nuova Cassa di Risparmio di Ferrara were split in November 2015 from bad banks after a  rescue by the Italian Government (see here a previous post by BeBeez).

Investment by Atlante II will be a maximum of 515 million euros,  net of 200 million euros of financing at least  (see here the press release).

The three good banks are to be bought by UBI Banca in a deal that value them just one euro each (see here the press release). While Nuova Cr Ferrara is said to be in advanced talks with Bper about a similar agreement.

The deal is quite innovative as the portfolio includes unlikely to pay loans and leasing contracts. More in detail,Atlante II will subscrive a mezzanine tranche and part of a junior tranche issued by a securitization veichle which is to buy the Npe from the three good banks which have been emerging after the original banks had transferred their bad loans to a special veichle called Rev in November 2015.

Quaestio, who was supported by Credito Fondiario as for the portfolio due diligence, will coordinates the whole deal.

Sign up to our newsletter

Subscribe to our daily newsletter, please fill out the form by clicking the button.

GO TO THE FORM
Previous Post

Euro leveraged loans pay a 4.44% YTM after a 5.88% total return last year

Next Post

The Organic factory buys Molino Oleificio Manzoni and its parent company Agrital. After having bought Carapelli oil’s plant from Deoleo

Related Posts

DISTRESSED ASSETS

British International Investment and Ecobank Sierra Leone Sign $25 Million Risk Sharing Agreement to Boost Private Sector Growth

October 10, 2024
FINTECH

Italy’s angels&incubators and venture capital weekly roundup. News from Valuematic, Progress Tech Transfer, Data Masters, Zanichelli Ventures, Banca Sella, and more 

June 13, 2023
ItaHub

Lorem ipsum dolor sit amet, consectetur adipiscing elit. 

June 13, 2023

CIAO LUCA

Related Posts

DISTRESSED ASSETS

British International Investment and Ecobank Sierra Leone Sign $25 Million Risk Sharing Agreement to Boost Private Sector Growth

October 10, 2024
FINTECH

Italy’s angels&incubators and venture capital weekly roundup. News from Valuematic, Progress Tech Transfer, Data Masters, Zanichelli Ventures, Banca Sella, and more 

June 13, 2023
ItaHub

Lorem ipsum dolor sit amet, consectetur adipiscing elit. 

June 13, 2023

Next Post

The Organic factory buys Molino Oleificio Manzoni and its parent company Agrital. After having bought Carapelli oil's plant from Deoleo

Euro leveraged loans now pay a 4.16% YTM down from 4.44% last week

EdiBeez srl

C.so Italia 22 - 20122 - Milano
C.F. | P.IVA 09375120962
Aut. Trib. Milano n. 102
del 3 aprile 2013

COUNTRY

Italy
Iberia
France
UK&Ireland
Benelux
DACH
Scandinavia&Baltics

CATEGORY

Private Equity
Venture Capital
Private Debt
Distressed Assets
Real Estate
Fintech
Green

PREMIUM

ItaHUB
Legal
Tax
Trend
Report
Insight view

WHO WE ARE

About Us
Media Partnerships
Contact

INFORMATION

Privacy Policy
Terms&Conditions
Cookie Police

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • COUNTRY
    • ITALY
    • IBERIA
    • FRANCE
    • UK&IRELAND
    • BENELUX
    • DACH
    • SCANDINAVIA&BALTICS
  • PRIVATE EQUITY
  • VENTURE CAPITAL
  • PRIVATE DEBT
  • DISTRESSED ASSETS
  • REAL ESTATE
  • FINTECH
  • GREEN
  • PREMIUM
    • ItaHub
      • ItaHub Legal
      • ItaHub Tax
      • ItaHub Trend
    • REPORT
    • INSIGHT VIEW
    • Private Data
Subscribe
  • Login
  • Cart

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.