The Global Mid-Market Specialist
Milan – Alantra, an independent global investment banking and asset management firm, has acted as buy-side advisor to Illimity Bank S.p.A, an Italian new-generation bank, in the acquisition of c.€240m non-performing exposures from Banca Monte dei Paschi di Siena S.p.A. (MPS), a leading Italian banking group.
The transaction concerns the acquisition of a portfolio of non-performing loans (“NPLS”) owned by MPS, with a face value of c.€240m, consisting of receivables from debtors operating in the agricultural market.
illimity is a new-generation bank. As well as being specialised in its skills and offering, it relies on the best information technology (IT) and guarantees new levels of quality, service and efficiency. All this without ever losing the human connection.
Founded in 1472, MPS is the world’s oldest bank still in operation. Today it leads one of the major Italian banking groups with significant market shares in all the areas of business in which it operates. The Montepaschi Group is active across Italy and in the major international financial markets with operations centred around traditional retail and commercial banking services and with a particular focus on households and small and medium enterprises. The Group operates through its own specialised companies in all key business areas: leasing, factoring, corporate finance and investment banking.
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