Alantra advises UniCredit on the sale of a €1.3 billion NPL mixed portfolio to a securitisation vehicle managed by Illimity

Jul 2022

Sell-side advisory

Value €1.3 billion

Milan – Alantra, the global investment banking firm and asset management specialist, is pleased to announce that it has acted as financial advisor to UniCredit S.p.A. (“UniCredit”) on the sale of a €1.3 billion NPL mixed portfolio to a securitisation vehicle managed by Illimity.

Alantra provided UniCredit with sell-side assistance and support on data enablement and on executing a benchmark transaction within extremely challenging deadlines. This sale further strengthens UniCredit’s ongoing strategy to reduce non-performing exposures.

Renato Limuti, Managing Director at Alantra, commented: “We are grateful to have been able to support UniCredit on a second back-to-back portfolio disposal in H1 2022. This transaction proves that investors’ allocations in the Italian NPE market continue to remain strong and that successful transactions can be closed despite tight timing constraints.”

Since 2020, Alantra has acted as lead advisor on UniCredit’s NPL deleveraging agenda in Italy, providing committed insight and support on portfolio disposals and two securitisations backed by GACS (Project Olympia and Project Itaca).