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Regulatory Filings • Jan 20, 2025
4145_rns_2025-01-20_2dee0574-44d4-4b0b-a775-f4378cdc0c52.pdf
Regulatory Filings
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| Informazione Regolamentata n. 1967-2-2025 |
Data/Ora Inizio Diffusione 20 Gennaio 2025 07:00:15 |
Euronext Star Milan | |
|---|---|---|---|
| Societa' | : | DOVALUE | |
| Identificativo Informazione Regolamentata |
: | 200459 | |
| Utenza - Referente | : | DOVALUEN05 - Della Seta | |
| Tipologia | : | REGEM | |
| Data/Ora Ricezione : |
20 Gennaio 2025 07:00:15 | ||
| Data/Ora Inizio Diffusione : |
20 Gennaio 2025 07:00:15 | ||
| Oggetto | : | doValue announces two new mandates in the hellenic region for €1.6 billion in gross book value |
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| Testo del comunicato |
Vedi allegato
PRESS RELEASE
DOVALUE ANNOUNCES TWO NEW MANDATES IN THE HELLENIC REGION FOR €1.6 BILLION IN GROSS BOOK VALUE
AWARD OF A €1.4 BN NEW SERVICING MANDATE IN GREECE FOR THE SECOND TRANCHE OF ALPHABET PORTFOLIO OWNED BY FORTRESS AND BAIN CAPITAL, ONCE AGAIN SHOWING THE VALUE OF THE PARTNERSHIP BETWEEN DOVALUE AND ITS LONG-TERM PARTNERS
NEW NPL MANDATE SIGNED IN CYPRUS FOR €0.2 BILLION GROSS BOOK VALUE FROM ALPHA BANK
STRONG START OF 2025 WITH THE HELLENIC REGION ALREADY DRIVING €1.6 BILLION GBV FROM NEW BUSINESS IN THE FIRST WEEKS OF THE YEAR TOWARDS THE €8 BILLION TARGET FOR 2025
Rome, January 20th, 2025 doValue S.p.A. ("doValue" or the "Company", Euronext Milan DOV.MI), leading strategic financial services, real estate management and value-added services provider in Southern Europe, is pleased to announce another significant achievement as two mandates have been awarded in the Hellenic region marking a strong start of the new year.
Indeed, doValue Greece Loan and Credit Claim Management Company S.A. ("doValue Greece"), has been assigned a new mandate for the servicing of the totality of a portfolio owned by funds managed by affiliates of Fortress Investment Group ("Fortress") and Bain Capital. The portfolio represents the second of three tranches of "Project Alphabet", a c. €5 billion portfolio in Greece after the award of the first tranche.
The Alphabet Secured Retail portfolio, for which doValue has been appointed as the sole and exclusive servicer, includes Gross Book Value (GBV) of approximately €1.4 billion and total claims of approximately €2.8 billion (GBV plus accrued interest and penalties), covering around 17 thousand borrowers and secured by real estate collateral.
This new mandate further demonstrates its leadership in the Greek market as well as the strategic value of doValue's partnership with Fortress and Bain Capital.
Additionally, in Cyprus a new NPL contract was signed for approximately €0.2 billion of Gross Book Value. The portfolio has been assigned to doValue Cyprus by Alpha Bank Cyprus, is one of the Greek systemic banks with a relevant presence in Cyprus.
The portfolio is comprised of NPLs from c. 1,700 borrowers for a total claims amount of c. €0.4 billion and c. €0.2 billion of GBV. doValue was mandated to act as the sole and exclusive servicer, further establishing the Group's position as undiscussed market leader in Cyprus, with over 50 percent market share.
The Hellenic region continues to be a major engine of growth for the group in 2025.
These mandates mark a great start of the year as the group reaches €1.6 billion GBV from new business after having exceeded targets of new business awarded in 2024, outlining doValue's positive path and strengthening its confidence in delivering the growth and profitability targets set out in the 2024-2026 Business Plan.
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doValue Group is a European financial services provider offering innovative products along the entire credit lifecycle, from origination to recovery and alternative asset management. With more than 20 years of experience and approximately €137billion gross assets under management (Gross Book Value) as of 30 September 2024, including the contribution of Gardant, following its acquisition in November 2024, it operates in Italy, Spain, Greece and Cyprus. doValue Group contributes to economic growth by fostering sustainable development of the financial system and offers an integrated range of credit management services: servicing of Non-Performing Loans (NPL), Unlikely To Pay (UTP), Early Arrears, Performing Loans, Master Legal, Due Diligence, financial data processing, Master Servicing activities and asset management specialised in investment solutions, dedicated to institutional investors and focused on the sector of impaired and illiquid credits. doValue's shares are listed on Euronext STAR Milan (EXM) and, in 2023, the Group reported Gross Revenue of €486 million and EBITDA excluding non-recurring items of €179 million.
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Contacts
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Image Building doValue Media Relations Investor Relations Raffaella Casula (+39 02 89011300) Daniele Della Seta Francesca Alberio [email protected] [email protected]