doValue Expands in Spain with Acquisition of Team 4 Collection & Consulting

doValue S.p.A., a leading player in Southern Europe in the field of credit and real estate management services, has announced the acquisition of Team 4 Collection & Consulting S.L.U. (“Team4”), a subsidiary of the Arvato Group (Bertelsmann), through its Spanish branch. This strategic move, expected to be finalized by the end of the year, is subject to standard suspensive conditions and is aimed at expanding doValue Spain’s operations in the rapidly growing segment of small unsecured loans.

Team4, with net revenues of €3.5 million in 2022 and a managed portfolio of €2.5 billion, is expected to achieve net revenues of €4.2 million in the current year. The company is recognized for its advanced technical infrastructure and a team of high-profile professionals, specializing in the efficient management of debt recovery services.

Mariano Chemes, CEO of doValue Spain, expressed enthusiasm for the acquisition, stating, “We are excited about the opportunities this acquisition brings. We believe that Team 4’s experience, combined with our broader strategy, ideally positions us to capitalize on the growing market demand in Spain for unsecured NPLs and will accelerate doValue’s diversification strategy in Spain.”

The acquisition is expected to have a neutral impact on doValue’s net financial leverage and net financial position. Moreover, it is anticipated to generate immediate synergies through the internalization of outsourcing services, expanding doValue’s client base to include non-banking clients, who currently represent almost 25% of Team4’s managed assets. Team4 will continue to serve the clients of the Arvato Group and Arvato’s multinational corporations operating in Spain.

This acquisition marks an important step in doValue’s strategy to strengthen its presence in the Spanish market, positioning itself as a key player in the management of unsecured credits and contributing to the diversification and expansion of its activities.

With over 20 years of experience and approximately €120 billion in assets under management across Italy, Spain, Portugal, Greece, and Cyprus, doValue plays a significant role in fostering economic growth and the sustainable development of the financial system. The company offers a comprehensive range of services, including the servicing of Non-Performing Loans (NPL), Unlikely To Pay (UTP), Early Arrears, performing loans, real estate servicing, master servicing, data processing, and other ancillary credit management services. In 2022, the Group reported Gross Revenues of approximately €558 million and an EBITDA, excluding non-recurring items, of about €202 million.

Massimo Famularo

Blogger and Investment Management Advisor with focus on Distressed Assets & NPL. Massimo is Chief NPL & Fintech Editor at Credit Village Magazine.

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.