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Balbec Capital assisted by My Credit acquires assets from Unipol, Cassapadana and Centropadana for EUR 7 million

09/09/2021

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My Credit will manage the portfolios as special servicer

Milan, 8th September 2021 - "Andromeda" is the name given to the transaction that led to the acquisition of three NPL portfolios by Balbec Capital LP, a private investment company operating on a global scale.  My Credit S.p.A., a company specialized in the valorization of NPL and Utp assets and portfolios, in addition to having coordinated the origination of the transaction, will manage the portfolios as a special servicer, through its method based on territoriality and its ability to act as a bridge between the financial and real estate worlds.  

The master servicer chosen for the operation is Banca Finint.

The three portfolios, mainly secured with underlying residential real estate, have a total GBV of 7 million euro.

Transferring banks: Unipol ReC, BCC Cassapadana, BCC Centropadana.