• Contacts
Wednesday, 1 February 2023
  • it Italiano
  • en English
Newsletter
BeBeez
  • .
  • Home
  • RISK CAPITAL
    • Angels & Incubators
    • Equity Crowdfunding
    • Venture Capital
    • Private Equity
    • Club deal
    • Spac
    • Euronext Growth Milan
    • Real Estate
    • Private equity, venture capital and private debt data in the world
    • Private capital in the world
      • Private capital in Europe
      • Private capital in Asia Pacific
      • Private capital in North America
      • Private capital in the rest of the world
    • Real Estate in the world
      • Real estate in Europe
      • Real Estate in Asia Pacific
      • Real Estate in North America
      • Real Estate in the rest of the world
  • CREDIT & DEBT
    • Private Debt
    • Crisis & Relaunch
    • Bad loans and other NPLs
  • ANALYSIS & COLUMNS
    • Insight Views EN
    • Report
    • Beez Peak
    • Comments
    • Data&Analysis
    • Fintech
    • Management
    • Art&Finance
    • GreenBeez
  • TOOLS
    • Sectors & Companies
    • Events
    • BeBeez Academy
    • BeBeez Podcast
  • BEBEEZ PREMIUM
    • BeBeez Private Data
    • BeBeez News Premium
    • Pricing
    • Subscriber Access
  • Login
Abbonati
  • Home
  • RISK CAPITAL
    • Angels & Incubators
    • Equity Crowdfunding
    • Venture Capital
    • Private Equity
    • Club deal
    • Spac
    • Euronext Growth Milan
    • Real Estate
    • Private equity, venture capital and private debt data in the world
    • Private capital in the world
      • Private capital in Europe
      • Private capital in Asia Pacific
      • Private capital in North America
      • Private capital in the rest of the world
    • Real Estate in the world
      • Real estate in Europe
      • Real Estate in Asia Pacific
      • Real Estate in North America
      • Real Estate in the rest of the world
  • CREDIT & DEBT
    • Private Debt
    • Crisis & Relaunch
    • Bad loans and other NPLs
  • ANALYSIS & COLUMNS
    • Insight Views EN
    • Report
    • Beez Peak
    • Comments
    • Data&Analysis
    • Fintech
    • Management
    • Art&Finance
    • GreenBeez
  • TOOLS
    • Sectors & Companies
    • Events
    • BeBeez Academy
    • BeBeez Podcast
  • BEBEEZ PREMIUM
    • BeBeez Private Data
    • BeBeez News Premium
    • Pricing
    • Subscriber Access
  • Login
Abbonati
BeBeez
Home Crisis & Relaunch

Defaulted Banca Popolare di Vicenza sells its real estate company Immobiliare Posta to Bain Capital Credit for 200 mln euro

Valentina MagribyValentina Magri
8 November 2019
in Crisis & Relaunch, Real Estate
Share on FacebookShare on Twitter
Palazzo Thiene
Palazzo Thiene

Liquidators of defaulted  Banca Popolare di Vicenza  sold the stake held by the bank in the real estate company Immobiliare Stampa (99.92%) to IS Bidco, an spv owned by Bain Capital Credit, for 200 million euros (see the press release here).

A price, therefore, which is half of the estimated value of the properties runored last Spring. It was said, in fact, that the real estate assets, around a hundred, owned by Immobiliare Stampa were worth around 400 million euros. The expressions of interest for Immobiliare Stampa were presented last March, while the non-binding purchase offers had arrived in mid-April, with the aim of completing the sales process by Summer (see here a previous article by BeBeez).

Prelios sgr and Cerberus Capital Management were also said to be in the running to acquire the bank’s real estate assets. Last September it was said that  Apollo Global Management and Lonestar funds were  very interested too in the bank’s property portfolio, but previously the names of Allianz, Invesco, Hines, Blackstone, TPG, Starwood Capital and Tristan had also been mentioned as potential acquirors (see here a previous article by BeBeez).

The team and the headquarters of Immobiliare Stampa will remain in Vicenza after the acquisition, the twelfth for Bain Capital Credit in Italy, which now manages about 3.5 billion euros of real estate assets, non-performing loans and leases in Italy. Aquileia Capital Services, a company owned by Bain Capital, supported Bain Capital Credit during the acquisition process and, together with Kryalos, will contribute to the portfolio management. In addition to ACS, Bain Capital Credit was assisted by Etna Advisors, Lazard, Linklaters, DLA Piper and PwC.

Fabio Longo, managing director and Head of the European business of Bain Capital Credit Non-Performing Loan & Real Estate, said: “We are very pleased to have acquired this important portfolio of real estate that is in addition to the important position we have reached in Italy”. Carlo Buzio, president of Immobiliare Stampa: “We see Bain Capital Credit as a responsible owner for Immobiliare Stampa and we are pleased with the commitment shown both to the company’s employees and to the city of Vicenza”.

Immobiliare Stampa had closed FY 2017 with revenues of 25.38 million euros, an ebitda of 19.83 millions and a loss of over 33 millions, versus net liquidity of 19 millions and equity (hence the balance sheet value of the properties that constitute the assets) of 170.9 millions. The real estate company was excluded from the scope of the activities of the Venetian banks transferred to Intesa Sanpaolo. In fact, only a part of the real estate assets had passed to the Turin bank, above all the instrumental buildings, ie organic properties related to banking, including Villa Spineda, the historic seat of the Treviso institute, and the institute’s management center just outside Montebelluna . Among the properties in the Immobiliare Stampa portfolio is the luxury branch in Via del Tritone in Rome, in Vicenza there are Palazzo Repeta (former headquarters of the Bank of Italy), Palazzo Negri, Palazzo Thiene by Andrea Palladio, which hosted the representative office of the bank and which houses a picture gallery with paintings by Tiepolo and Tintoretto protected by the Superintendency which established the ban on moving. The most valuable building is located in Milan, Via Turati 12.

We recall that at the end of January Immobiliare Stampa had sold the real estate complex in Piazza Durante in Milan to FinecoBank for around 70 million euros, which FinecoBank itself already occupied with its registered office (see here a previous article by BeBeez).

Tags: BainBain capitalBanca Popolare di VicenzacrisifallimentoImmobiliare PostaItalia

Iscriviti alle nostre Newsletter

Iscriviti alle newsletter di BeBeez

Iscriviti
Previous Post

Italy’s NPLs and private debt weekly roundup. News from Cerved, Rossini, UFI Filters, Banca Agricola Pop Ragusa, Banca d’Italia, Banca Ifis, Credito Fondiario, Selecta, Covisian, Unicredit, Intesa Sanpaolo, Zenith Service, DLA Piper

Next Post

Italy’s private equity and m&a weekly roundup. News from SuperReturn, Ferrarini, Roncato, Covisian, Castoldi, Furla, Labomar, Seco, Fosun, Iri, Dolciaria Acquaviva, Sator, Salcef, Jakala, Celli, Gyrus Capital, Neopharmed, SR Investimenti,, Sia, Farmaceutici Dottor Ciccarellli, Real Energy fund, Entangled Capital sgr, Italmobiliare, Profamily,

Related Posts

Italy’s private equity weekly roundup. News from Atlantia, ITA Airways, Lega Calcio Serie A, NetInsurance, KPMG and more
M&A and corporate finance

Italy’s private debt, corporate finance, distressed assets and NPLs weekly roundup. News from Atlantia, Illimity, Phinance Partners, Enfinity Global, RealStep, Proma, ePrice, Sampdoria, Enertronica Santerno and more

19 January 2023
Italy’s weekly real estate roundup. News from CBRE, Borio Mangiarotti, Patron Capital, Bluestone, FREO Group, Concrete Investing and more
Real Estate

Italy’s weekly real estate roundup. News from CBRE, Borio Mangiarotti, Patron Capital, Bluestone, FREO Group, Concrete Investing and more

17 January 2023
Italy’s real estate weekly roundup. News from Generali Europe Income Holding, Domnus, Virtus and more
Real Estate

Italy’s real estate weekly roundup. News from Generali Europe Income Holding, Domnus, Virtus and more

10 January 2023
Italy’s private equity weekly roundup. News from Certares, RedBird, Montepaschi, Investindustrial, JPMorgan AM and more
Private Equity

Italy’s private equity weekly roundup. News from Ita Airways, Tim, Ion Investments, Sampdoria, Egger and more

6 January 2023
Italy’s distressed assets, NPLs and private debt weekly roundup. News from Monte dei Paschi, Intrum Italy,  BPER, CDP, Planet Farms Holding, Luigi Luzzatti and more
Private Debt

Italy’s distressed assets, NPLs and private debt weekly roundup. News from Monte dei Paschi, Intrum Italy, BPER, CDP, Planet Farms Holding, Luigi Luzzatti and more

5 January 2023
Year end roundup real estate. News from  Porta Romana Real Estate fund, Ceetrus Italy, Nhood Services Italy, Ardian, Chronos,
Real Estate

Year end roundup real estate. News from Porta Romana Real Estate fund, Ceetrus Italy, Nhood Services Italy, Ardian, Chronos,

3 January 2023
  • Report
  • Events
  • BeBeez Podcast

Report

Venture capital down and super concentrated in Italy in 2022. Only 36 rounds raised 2.2 bn euros out of a total of 358 rounds and 2.57 bn (up from 2.9 bn in 2021). BeBeez Report.

Venture capital down and super concentrated in Italy in 2022. Only 36 rounds raised 2.2 bn euros out of a total of 358 rounds and 2.57 bn (up from 2.9 bn in 2021). BeBeez Report.

25 January 2023
While venture capital activity in the third quarter of the year collapsed globally, Italy was an exception, with as many as 80 rounds raised for a total value of more than €1 billion. Q3 BeBeez Report

While venture capital activity in the third quarter of the year collapsed globally, Italy was an exception, with as many as 80 rounds raised for a total value of more than €1 billion. Q3 BeBeez Report

13 October 2022
BeBeez’s Fintech Report, more than €1bn raised by Italian startups and scaleups in 9 months. While lending platforms fueled more than 2.8 bn to SMEs in 6 months

BeBeez’s Fintech Report, more than €1bn raised by Italian startups and scaleups in 9 months. While lending platforms fueled more than 2.8 bn to SMEs in 6 months

10 October 2022
Private debt hits a record in Italy in 2021 with volume over 26 mld euro, twice the figure in 2020. The new Report by BeBeez. See here all the tables

Private debt hits a record in Italy in 2021 with volume over 26 mld euro, twice the figure in 2020. The new Report by BeBeez. See here all the tables

14 March 2022

Events

Merry Christmas and a 2021 of rebirth to all our readers!

Merry Christmas and a wish for 2023 to be a really good year for everyone!

24 December 2022
We wait for you in London at the Global NPL by Smith Novak next Oct 5-6. BeBeez is media partner

We wait for you in London at the Global NPL by Smith Novak next Oct 5-6. BeBeez is media partner

14 September 2022
Have a wonderful Summer! BeBeez goes on vacation and comes back on August 23rd. Catch our Summer offer and try BeBeez Private Data!

Happy Summer! BeBeez goes on vacation and comes back next August 22nd

8 August 2022

BeBeez waits for you next Wed July 6th at a webinar by Equita and Morri Rossetti to talk about MBOs in Italy versus France and Germany. BeBeez is unique media partner

1 July 2022

BeBeez Podcast

No Content Available

Co-sponsors

Partners

Tag

Banca Ifis Banco Bpm BeBeez Magazine bilanci bilancio blockchain bond Coronavirus COVID-19 Credito Fondiario deteriorati Gacs governo Hines hotel Illimity Italia Italy Italy Kryalos Lbo index L Catterton Leanus logistica magazine NB Aurora nexi NPE npl npl Pir private capital private debt private debt private equity private equity private equity quotazione real estate Roma Round scaleup Utp venture capital venture capital
This site generates cookies, all of which are necessary for it to work properly. Here is our cookie policy page.

Necessary cookies

Cookie Google Analytics

Cookie tecnici

List of cookies - Privacy policy - Cookie policy
x
Cookies?
Bebeez

EdiBeez srl

C.so Italia 22 - 20122 - Milano
C.F. | P.IVA 09375120962
Aut. Trib. Milano n. 102
del 3 aprile 2013

Follow

Risk Capital

  • Angels & Incubators
  • Venture Capital
  • Private Equity
  • Club deal
  • Spac
  • Euronext Growth Milan
  • Real Estate
  • Private equity, venture capital and private debt data in the world
  • Private capital in the world
  • Real Estate in the world

Credit & Debt

  • Private Debt
  • Crisis & Relaunch
  • Bad loans and other NPLs

Analysis & Columns

  • Insight Views EN
  • Report
  • Beez Peak
  • Comments
  • Data & Analysis
  • Fintech
  • Management
  • Art&Finance
  • GreenBeez

Tools

  • Sectors & Companies
  • Events
  • BeBeez Academy
  • BeBeez Podcast

Who we are

  • Who we are
  • What people say about us
  • Contacts

Personal data management

  • Login BeBeez News Premium
  • Subscribe

Information on the site

  • Privacy Policy
  • Terms and conditions of use
  • Cookie Police
  • Site Map

Powered by Olomedia © 2021

  • it Italiano
  • en English
  • Risk Capital
    • Angels&Incubators
    • Equity Crowdfunding
    • Venture Capital
    • Private Equity
    • Club deal
    • Spac
    • Euronext Growth Milan
    • Real Estate
    • Private equity, venture capital and private debt data in the world
    • Private capital in the world
      • Private capital in Europe
      • Private capital in Asia Pacific
      • Private capital in North America
      • Private capital in the rest of the world
    • Real Estate in the world
      • Real estate in Europe
      • Real Estate in Asia Pacific
      • Real Estate in North America
      • Real Estate in the rest of the world
  • Credit & Debt
    • Private Debt
    • Crisis & Relaunch
    • Bad loans and other NPLs
  • Analysis & Columns
    • Insight Views EN
    • Report
    • Beez Peak
    • Comments
    • Data&Analysis
    • Fintech
    • Management
    • Art&Finance
    • GreenBeez
  • Tools
    • Sectors & Companies
    • Events
    • BeBeez Academy
    • BeBeez Podcast
  • Bebeez Premium
    • BeBeez Private Data
    • BeBeez News Premium
    • Pricing
    • Subscriber Access
  • My Account
  • Subscribe

Powered by Olomedia © 2021

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Search...