Resumen de Italian banks turn to private equity for bad loans.
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.
