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Regulatory Filings • Jan 12, 2022

Informazione Regolamentata n. 1967-4-2022		Data/Ora Ricezione 12 Gennaio 2022 18:37:51	Euronext Milan
Societa'	:	DOVALUE
Identificativo Informazione Regolamentata	:	156216
Nome utilizzatore	:	DOVALUEN08 - Goretti
Tipologia	:	REGEM
Data/Ora Ricezione	:	12 Gennaio 2022 18:37:51
Data/Ora Inizio Diffusione presunta	:	12 Gennaio 2022 18:37:53
Oggetto	:	New investor joins doValue client portfolio through Project Mexico
Testo del comunicato

Vedi allegato.

PRESS RELEASE

NEW INVESTOR ADDED TO CLIENT PORTFOLIO THROUGH PROJECT MEXICO

Rome, January 12th, 2022 – doValue S.p.A. ("doValue", or the "Company") communicates the introduction of Waterwheel Capital Management to its portfolio of clients through the completion of the €3.2 billion Project Mexico HAPS securitisation in Greece.

Founded in November 2017, Waterwheel Capital Management is a US based institutional investor focused on targeted investment opportunities, and currently concentrated on Greek assets including the non-performing loan market.

As a reminder, in H1 2021, Eurobank has started the HAPS securitisation process for the €3.2bn Mexico Portfolio (already under management by doValue). As part of Project Mexico, Waterwheel Capital Management has acquired a 90% stake in the mezzanine and junior notes related to the securitisation of the portfolio with doValue retaining the related servicing mandate of the Mexico Portfolio.

The completion of the €3.2bn Project Mexico with Eurobank and Waterwheel Capital Management (which follows the completion of the €5.7bn Project Frontier with National Bank of Greece, Bain Capital and Fortress) reinforces doValue leadership as a servicer in the Greek HAPS securitisation market, a key growth area for the Company.

doValue, formerly doBank S.p.A., is the leading operator in Southern Europe in credit management and real estate services for banks and investors. Present in Italy, Spain, Portugal, Greece and Cyprus, doValue has over 21 years of experience in the sector and manages assets for approximately €160 billion (Gross Book Value) with over 3,200 employees and an integrated offer of services: special servicing of NPLs, UTP, Early Arrears, and performing positions, real estate servicing, master servicing, data processing and other ancillary services for credit management. doValue is listed on Euronext Milano ("EXM") and recorded in 2020 gross revenues of approximately €421 million and an EBITDA excluding non-recurring items of €127 million.

Contacts

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