Dovalue

Regulatory Filings • Oct 9, 2024

Informazione Regolamentata n. 1967-100-2024	Data/Ora Inizio Diffusione 9 Ottobre 2024 07:00:16		Euronext Star Milan
Societa'	:	DOVALUE
Identificativo Informazione Regolamentata	:	196627
Utenza - Referente	:	DOVALUEN06 - Della Seta
Tipologia	:	REGEM
Data/Ora Ricezione	:	9 Ottobre 2024 07:00:16
Data/Ora Inizio Diffusione	:	9 Ottobre 2024 07:00:16
Oggetto	:	New €300m Gross Book Value UTP contracts for doValue signed in Italy
Testo del comunicato

Vedi allegato

PRESS RELEASE

NEW €300M GROSS BOOK VALUE UTP CONTRACTS FOR DOVALUE SIGNED IN ITALY EFESTO FUND INCREASED TO €1.6 BILLION OF EQUITY INVESTMENTS DOVALUE'S GROSS BOOK VALUE FROM NEW BUSINESS REACHES €6.6 BN, WELL ON TRACK TO MEET 2024 TARGETS

Rome, October 9th, 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 pleased to announce additional UTP contracts for approximately €300 million of Gross Book Value, to be contributed by two leading Italian banks to the Efesto Fund, managed by Finint Investments, with doNext S.p.A. ("doNext"), a wholly owned subsidiary of doValue, acting as the sole and exclusive servicer.

The new UTP contracts are a clear indication of the successful execution of doValue's strategy, as outlined in the 2024- 2026 business plan, and further expand the Company's market share in asset classes beyond non-performing loans. Furthermore, the transaction underscores doValue's ability to drive growth in UTP management, a key focus area for the group.

The transfer is subject to customary conditions precedent and is expected to be finalized by the end of 2024.

In addition, as part of this transaction, the banks participating in the Efesto Fund have approved an increase in the size of the fund from €1.1 to €1.6 billion (in terms of equity investments). This expansion provides one of the key funds for the UTP and Stage 2 asset classes within the Italian market with additional capacity to further strengthen its pivotal role for revitalizing small and medium-sized enterprises (SMEs) and real estate assets with turnaround potential.

Over the past few years, The Efesto Fund has played a critical role in allowing banks to deconsolidate UTP exposures, particularly in sectors such as real estate leasing and non-corporate assets, and has currently reached an approximately €2.4 billion Gross Book Value of contributed assets from 15 leading Italian banks and financial institutions that are unit-holders of the fund.

With this new mandate, since January 2024 doValue has increased its Gross Book Value generated by new business to €6.6 billion (corresponding to total claims of €10 billion), from the €4.5 billion Gross Book Value level announced in August 2024.

As a result, doValue is well on track to meet its target of €8.0 billion of Gross Book Value from new business in 2024 announced in the 2024-2026 Business Plan.

***

doValue Group is a European financial services provider offering innovative products along the entire credit lifecycle, from origination to recovery. With more than 20 years of experience and approximately €116 billion gross assets under management (Gross Book Value) as of 31 December 2023, 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 and Master Servicing activities. 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 (+39 348 306 7877) Daniele Della Seta Francesca Alberio (+39 02 89011300) investorrelations@dovalue.it dovalue@imagebuilding.it

Fine Comunicato n.1967-100-2024	Numero di Pagine: 3
---------------------------------	---------------------