is an Italian institutional investor oriented at value creation for distressed corporates and its creditors.
focuses on distressed Italian companies with an investment strategy that integrates Distressed Credit, i.e. the purchase and proactive management of non-performing exposure, and Distressed Corporates, i.e. direct investments in the distressed company.
Investment strategy is focused on three pillars, declined on the Italian market environment, and tailored to support distressed corporates’ stakeholders:
- Fundamental and single name underwriting approach
- Proactive asset management with an integrated Distressed Credit and Distressed Corporates approach
- Focus on mid-size opportunities, with flexibility for larger tickets
KEY DISTINCTIVE FEATURES
- Unique network with creditors (mainly banks and servicers), interested in maximizing NPE value and shorten recovery timings
- Consolidated experience with insolvency bodies and entrepreneurs thanks to a capillary network of trusted professionals all over the Italian territory
AND INTEGRATED STRATEGY
- The adoption of a single name approach based on fundamental analysis is key to avoid the mispricing of NPEs acquired
- Moreover, the adoption of an integrated strategy allows to properly trigger entry/exit, in coherence with the time constraints typical of institutional investors
BASED ON DERISKING
AND MAXIMIZATION OF RETURNS
- Proprietary and sophisticated deal structuring able to optimize deals risk / return profile, based on three strategic pillars: (i) maximization of capital protection, (ii) decorrelation of the underlying asset base and (iii) unlock of upside potential.
IN THE SPECIAL SITUATIONS ENVIRONMENT
- Strong technical capabilities to underwrite all NPEs categories, ranging from super senior to senior secured and unsecured credits
- Screening and underwriting activities tailored on the specific features of each NPEs category
INTEGRATED INVESTMENT APPROACH
By adopting an integrated investment strategy, a DC deal can be turned into a DCO deal, ultimately maximizing investors returns.