Project Kite

Jun 2019

Sell-side adviosry – Credit-servicer

Alantra, an independent global investment banking and asset management firm, has advised KKR and the management shareholders of Debt Collector Sistemia S.p.A. on its sale to MCS-DSO group, the largest servicer in France.

Established in 2003 and located in Rome, Sistemia is an Italian credit servicer covering the entire process of credit collection for secured and unsecured receivables. The company is one of the largest servicers in Italy by AUM (€9Bn), with 2018 revenues of €26.5Mn and an EBITDA of €8.6Mn. In recent years, Sistemia has focused its development on three business lines: Credit, Real Estate and Innovative Solutions.

By the end of 2018, MCS-DSO became a new group formed from the tie-up between MCS and DSOgroup. The new group provides services for major companies and financial institutions throughout each stage of their client financial relations. MCS and DSO employ over 1,800 staff in 13 sites located in 5 countries and generated €211Mn of consolidated cash revenues in 2018.

This is the fourth servicer deal that Alantra has advised in Italy, reaffirming its credentials and knowledge in this space.