Hoist Finance acquires large portfolio in Italy

2016-12-21 08:15

Hoist Finance has acquired a portfolio in Italy comprising non-performing unsecured consumer loans from an Italian consumer bank. The portfolio consists of approximately 51,000 claims with a nominal value of €350 million euros. This is the third portfolio Hoist Finance acquires from the seller and enforces Hoist Finance’s position as a leading debt restructuring partner for international banks in both Italy and in Europe as a whole. The parties have agreed to not disclose the purchase price, but according to Hoist Finance’s internal guidelines, investments exceeding EUR 50 million are communicated.

“We are delighted that our hard work, our strategy and our long-term commitment to the European banking and financial sector is paying of. The transaction strengthens our partnership with one of the larger European banks, furthermore it underlines our vision of becoming the leading debt restructuring partner to large international banks and financial institutions. The investment has been made with the same robust diligence and stringent investment criteria that Hoist Finance is known for and will add significant scale and further strengthen our presence in Italy.” says Emanuele Reale, Head of Sales, Hoist Finance Italy.

For further information please contact:

Michel Jonson, Group Head of Investor Relations

Telephone: +46 (0)8 555 177 19

Downloads

Company information