AnaCap Invests in €225m Italian Non-Performing Loan Portfolios

October 01, 2018

London/Milan – Paul Hastings LLP, a leading global law firm, announced today that it has advised AnaCap Financial Partners (AnaCap), a specialist European financial services private equity firm, as adviser of AnaCap funds acting as investors in the framework of a securitisation transaction concerning two separate portfolios of €225m of Italian NPLs.

A €141 million NPL secured portfolio was acquired from Volksbank, primarily comprised of SME loans. The majority of the portfolio is backed by property in Northern Italy. In addition, a €84 million NPL portfolio also comprised of predominantly secured SME loans, largely collateralized by real estate in Tuscany, was acquired from Banca di Pisa e Fornacette Credito Cooperativo.

The Paul Hastings team was led by London partner Lorenza Talpo, with Milan tax partner Patrizio Braccioni and Milan associates Gabriella Abbattista and Desirée Catalano.

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