Italian banks turn to private equity for bad loans.

• Autores: Tom Young
• Localización: International financial law review, ISSN-e 0262-6969, Vol. 33, Nº. 5 (Jun2014), 2014
• Idioma: inglés
• Texto completo no disponible (Saber más ...)
• Resumen

  • The article reports on the deal signed by Italian banks Unicredit and Intesa Sanpaolo with private equity firm KKR and professional services firm Alvarez Marsal to pool troubled loans in a move to increase private equity involvement in Europe. It refers to a financial vehicle and a securitization vehicle as potential vehicles in which the loans could be bundled. Data presented indicate the respective losses of UniCredit and Intesa due to write-downs on bad loans and goodwill.