Alantra advises UniCredit on the sale of an Italian unsecured NPL portfolio of private individuals

Jun 2021

Sell-side advisory

Value €200 million

Milan – Alantra, the global investment banking and asset management specialist, has advised UniCredit, a leading Italian bank, on the sale of around €200Mn NPL portfolio of private individuals. The portfolio was successfully sold to two important NPL players in the Italian market, in line with UniCredit’s planned NPL deleveraging program in 2021.  

The portfolio has been sold to Kruk, a leading debt collection company with more than 20 years of experience, with which UniCredit has also signed a forward flow agreement with a face value of €250Mn for a duration of one year, and to MB Credit Solution, the Mediobanca Group company active in the acquisition and management of NPL portfolios and in credit management for leading Italian and international companies operating in Italy. 

This represents the third transaction announced by Alantra CPA in Italy this month, after the closing of the first securitisation of movable registered assets in Italy to date, where Alantra CPA assisted Brumbrum S.p.A. as financial advisor, and the closing of the sale of a ca. 400Mn secondary NPL portfolio, where Alantra CPA acted as financial advisor to York Capital. 

Renato Limuti, Managing Director and leader of Alantra CPA’s Italian team, added “We are particularly glad to continue our enduring partnership with UniCredit and to help them in meeting their NPL deleveraging objectives, notwithstanding the impact of the Covid-19 pandemic”.