Hoist Italy acquired a portfolio of 100 million euro GBV

Hoist Italy has aquired from Italo Sicav plc, a multi-segment vehicle incorporated under Maltese law,  a portfolio with a GBV of approximately 100 million euro . In detail, the portfolio, called Prometheus, includes both unsecured granular NPLs and a significant portion of reperforming loans and was sold by the securitization vehicle Italo Sicav spv srl.

Italo Sicav, which manages 4 sub-funds (Sentinel I, II, III and IV) for a total of 3.7 billion in assets, was established in 2015 by the Frascino Group and the Swiss Zarattini Bank and is formally managed by Gamma Capital Markets Ltd .

It’s a re-trade deal . Italo Spv aquired the claims in previous transactions  

The lack of opportunities in the primary NPE sale market drive many debt buyers to buy portfolios in secondary markets.

Credit Village

Credit Village is today the meeting and reference point - through its three areas, web, publishing, events - for professionals, managers, entrepreneurs and credit management operators. It was founded in 2002 with the aim of spreading the culture of Credit and Collection Management in Italy.

Credit Village is a leading company in the field of specialized publishing and event organization for the credit management industry and in all issues and aspects related to the NPE market, including ESG , M&A, Real Estate etc. Credit Village has been the first company in Italy to bring the culture of the credit management industry to the press, events and online, creating the largest community in the sector around itself.