Dovalue

Business and Financial Review • Jan 28, 2025

Informazione Regolamentata n. 1967-4-2025	Data/Ora Inizio Diffusione 28 Gennaio 2025 11:05:52		Euronext Star Milan
Societa'	:	DOVALUE
Identificativo Informazione Regolamentata	:	200765
Utenza - Referente	:	DOVALUEN06 - Della Seta
Tipologia	:	REGEM
Data/Ora Ricezione	:	28 Gennaio 2025 11:05:52
Data/Ora Inizio Diffusione	:	28 Gennaio 2025 11:05:52
Oggetto	:	doValue announces the closing in Italy of new servicing mandates for €1.5 billion gross book value
Testo del comunicato

Vedi allegato

PRESS RELEASE

DOVALUE ANNOUNCES THE CLOSING IN ITALY OF NEW SERVICING MANDATES FOR €1.5 BILLION GBV: TOTAL ASSETS UNDER MANAGEMENT IN ITALY BY DOVALUE GROUP AS SPECIAL SERVICER REACH AN OVERALL VALUE OF APPROXIMATELY €90 BILLION (GBV)

GBV FROM NEW BUSINESS REACHES €3.1 BILLION IN THE FIRST WEEKS OF THE YEAR

GARDANT IS APPOINTED MASTER SERVICER OF THE BASKET BOND EMILIA ROMAGNA PROGRAM BY BPER BANCA AND CDP IN FAVOUR OF SUSTAINABLE INVESTMENTS

Rome, January 28th, 2024 – 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 announces new mandates in Italy through the subsidiary Gardant S.p.A. ("Gardant").

Amongst the Special Servicing mandates, Gardant was entrusted with new assets under management by Amco, on top of what the Group already managed for Amco through doValue and Gardant. The portfolio comprises both UTP and NPLs, mainly corporate, consisting of both secured and unsecured positions.

Gardant was appointed Master Servicer and Special Servicer in a multi-originator securitisation of NPLs carried out by Luigi Luzzatti S.C.p.a. ('Luzzatti'), a consortium company under joint control of 19 cooperative banks. The transaction, involves 9 banking groups. Alongside other minor mandates, the overall new GBV in Italy amounts to €1.5 billion since the beginning of 2025.

Following the award of these mandates, GBV from new business reaches €3.1 billion in the first weeks of the year, on track to reach the €8 billion GBV from new business target for 2025.

Furthermore, Master Gardant was appointed Servicer, Corporate Servicer and Calculation Agent of the basket bond program sponsored by BPER Banca and Cassa Depositi e Prestiti backed by guarantees by the Emilia Romagna Region, in favour of the sustainable investments of local SMEs for an overall value of €0.1 billion. The program began with the inaugural issuance by two local companies that chose to embark on a sustainable growth path by turning to alternative financing sources outside traditional credit channels.

Overall, the new contracts bring the GBV managed by doValue Group in Italy to approximately EUR 90 billion, approximately 65% of the Group's total GBV.

'These new agreements make us proud,' adds Mirko Briozzo, Country Head Italy of doValue and CEO of Gardant, "as they confirm our leadership position in Italy as a best in class credit manager in the corporate segment, covering both NPL and UTP portfolios. These results also highlight the importance of establishing a collaborative approach with clients and partners, focused on long-term success. In this regard, the example of is particularly significant: we began working with them around six years ago, and since then, we have consistently expanded our business together. The example of Amco is particularly significant from this perspective: we started working with them about six years ago, and since then, we have continued to grow the business together"

***

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 €137 billion 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.

_________________________________________________________________________________________________________________________________________

Contacts

_______

Image Building doValue Media Relations Investor Relations Raffaella Casula Daniele Della Seta Francesca Alberio (+39 02 89011300) investorrelations@dovalue.it dovalue@imagebuilding.it