Press release

The framework agreement provides for the creation of a joint venture between BPER Group and Gardant Group, which will hold 70%.
As part of the offer, the BPER Group is also foreseen to divest:

• an NPL portfolio with a gross book value of approximately EUR 1.5 billion by December 2022 to AMCO;
• a UTP portfolio with a gross book value of approximately EUR 0.5 billion to a securitisation vehicle, where companies controlled by Elliott’s funds will underwrite securities by 1Q2023.Negotiations are also underway between BPER and AMCO for a further sale to AMCO of a portfolio of UTPs with a gross book value of approximately EUR 0.5 billion.

The collaboration includes an increased integration of Gardant’s remarketing activity with Italy’s leading real estate portal 

The transaction is part of the three-year EUR 100 million basket bond plan launched by Cassa Depositi e Prestiti, Medio Credito Centrale and Sella to support Italian SMEs

The new premises in Via Curtatone 3 in Rome, located a few steps from Termini railway station, cover a total area of 4,000 square metres and offer over 300 workstations

Il Gruppo Gardant agisce quale Arranger, Structurer, Master Servicer, Special Servicer e Portfolio Monitoring Agent

L’agenzia conferma a CSS2+ il giudizio sull’attività di Commercial Special Servicing e a RSS2+ quello relativo ai servizi di Residential Special Servicer. Confermato anche il rating MS2+ per l’attività di Master Servicer 

Con questa iniziativa, Gardant Investor SGR conferma il proprio impegno nel restituire alle comunità in cui opera parte del valore economico generato attraverso la propria attività