Hoist Finance acquires SME portfolio from Banco Popolare

17th October 2016

Hoist Finance has acquired an SME portfolio from Banco Popolare, Italy. The portfolio consists of approximately 9000 claims with a nominal value of approximately €600 million. The 10-year Estimated Remaining Collections is €53 million.

Charly De Munter, Regional Director Mid Europe, Hoist Finance, describes the acquisition as an additional milestone in Hoist Finance strategic expansion in unsecured non-performing claims from small-and-medium sized enterprises (SMEs). “We are delighted to further strengthen the partnership with one of the largest Italian banks. As part of our strategy to be a leading debt-restructuring partner to large international banks, we continue to build our competence and capabilities outside of the consumer segment. Following our SME portfolio acquisitions in Italy last year we have substantially expanded our knowledge with these types of assets”