Investors under the leadership of Varde Partners and Guber Banca acquired 22 common rural and cooperative loan portfolios spread across Italy.

The gross book value of the portfolio is 734 million Euros. The portfolio includes 13,000 assets, most of which are secured. Most of the loan is predominantly in the Northeast and the regions originating from the northwest of Italy.


Assets were acquired by the securitization tool. Notes to banks will be funded by Varde Partners.

Francesco Guarneri, CEO of Guber Banca, commented: “We are very pleased to have successfully completed the second tranche of the deal with CCB (Cassa Centrale Banca) which has reached a total of €2.1bn (adding the first tranche with the second one), a market deal without any Government guarantee”.

Francisco Milone, Partner and Head of European Real Estate at Varde Partners added: “Italy is an incredibly important market for our firm. Varde’s deep expertise investing in NPLs across the globe combined with our local team in Italy and relationship with Guber support our activity in the Italian NPL market”

Source: europe-re.com

Sevdenur Demir / [email protected]