Dovalue

Regulatory Filings • Dec 11, 2023

Informazione Regolamentata n. 1967-83-2023		Data/Ora Inizio Diffusione 11 Dicembre 2023 08:45:03	Euronext Star Milan
Societa'	:	DOVALUE
Identificativo Informazione Regolamentata	:	184280
Nome utilizzatore	:	DOVALUEN10 - Songini
Tipologia	:	REGEM
Data/Ora Ricezione	:	09 Dicembre 2023 12:43:40
Data/Ora Inizio Diffusione	:	11 Dicembre 2023 08:45:03
Oggetto	:	DOVALUE INTEGRATES TEAM 4 COLLECTION & CONSULTING S.L.U.
Testo del comunicato

Vedi allegato.

PRESS RELEASE

DOVALUE INTEGRATES TEAM 4 COLLECTION & CONSULTING S.L.U.

Rome, December 11, 2023 –doValue S.p.A. (the "Company", the "Group" or "doValue") is pleased to announce the signing of the acquisition by doValue Spain of Team 4 Collection & Consulting S.L.u. ("Team4"), a subsidiary of the Arvato Group (Bertelsmann); the transaction is expected to be closed before end of year, subject to minor standard CPs. This integration accelerates doValue Spain's strategy to expand its capabilities in the management of small unsecured tickets, a rapidly growing market segment in the region and in Europe, and is consistent with its strategy aimed at growing its business through increased diversification and a wider base of clients.

The acquisition is neutral in terms of net leverage and net financial position of doValue.

Team4 recorded €3.5m of net revenue in 2022 with €2.5bn of asset under management (GBV) and is expected to achieve €4.2m of net revenues in the current year. Thanks to its technical and human infrastructure Team4 it is able to effectively serve a diverse range of top clients in the Spanish market, both in the financial sector and the consumer space. Team4 has developed a unique platform with capabilities to efficiently manage collection services, both amicable and judicial. Its proprietary software and robust IT infrastructure provide a strong foundation for managing and optimizing collection processes.

The acquisition is expected to generate immediate synergies through the internalization of outsourcing services that currently doValue Spain sources from external companies for managing unsecured tickets. The integration will allow doValue to also expand its customer base toward non-banking clients which represent almost 25% of Team4's assets under management. Under the agreement Team4 will continue to serve Arvato Group and Arvato Group's multinational's customers operating in Spain.

Mariano Chemes, CEO of doValue Spain commented: "We are excited about the opportunities this acquisition brings. We believe that Team 4's expertise, combined with our broader strategy, positions us ideally to capitalize on the growing market demand in Spain of unsecured NPL and will accelerate the diversification strategy of doValue's Spain. We are committed to nurturing this new partnership to achieve greater success and deliver value to our clients and stakeholders".

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doValue is the main operator in Southern Europe in the management of credit and real estate for banks and investors. With more than 20 years of experience and approximately €120 billion of assets under management (Gross Book Value) across Italy, Spain, Portugal, Greece and Cyprus, doValue Group's activities contribute to the economic growth by promoting the sustainable development of the financial system. The doValue Group offers an integrated range of services: management of Non-Performing Loans (NPL), Unlikely To Pay (UTP), Early Arrears, performing credit, real estate management, master servicing, data processing and other ancillary services for credit management. The shares of doValue are listed on the STAR segment of Euronext Milan (EXM) and, in 2022, the Group reported Gross Revenues of €558 million and EBITDA excluding non-recurring items of €202 million.

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