History
Leadership consolidated
doValue S.p.A. is the new company name from 2019 of doBank S.p.A..
doValue, formerly doBank, was established in 2015 following the acquisition of UCCMB - Unicredit Credit Management Bank S.p.A. - by funds affiliated to Fortress. In 2016 doBank acquired 100% of Italfondiario, one of the main operators in Italy in the field of outsourced management of performing and non-performing loans: hence the birth of the doBank Group, today doValue Group.
Since 2018 doValue went through a strong expansion and deep diversification phase in the Southern Europe market, starting a Group transformation and integration process.
In 2019 complet the acquisition of an 85% stake in the capital of Altamira Asset Management, a prominent european player in the credit and real estate asset management sector, with operations in Spain, Portugal, Cyprus and Greece.
On June 2019 doValue take the form of a servicing company governed by Article 115 of the Consolidated Public Security Act (TULPS), thus ceasing to be a banking group.
In 2020 complete the acquisition of 80% of the share capital of Greek servicing company FPS from Eurobank, today doValue Greece.
On August 2020 doValue has successfully completed the issuance of its Euro 265 million senior secured notes at a fixed rate equal to 5.00% per annum, issue price equal to 98.913% , reserved for qualified investors.
During 2019 was also presented the update of the 2019-2022 Business Plan, in order to define the new profile of doValue in light of the integration of Altamira and to track future Group developments in the next three years.
From July 2017 the doValue Group, already doBank, is listed on the Milan Stock Exchange (MTA).
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Mediovenezie Banca
Credito Fondiario le Venezie incorporates Mediocredito di le Venezie and Federcasse
Hence the birth of Mediovenezie Bank
Mediovenezie Servicer specializzato
Becomes a specialised servicer in the management of the NPLs of UniCredit and other Players
Fortress
Fortress acquires a shareholding in Italfondiario
UGC Banca
Name change to UniCredit Loans Management, in short «UGC Banca»
Merger with I.G.C.
Merger with Intesa Loans Management, the bad bank of the Intesa Group
UCCMB
Merger of UGC with Capitalia Service JV, renamed UCCMB
Subsidiaries
Development of the Group Subsidiaries
BCC Ge.Cre.
Acquisition of 45% of BCC Ge.Cre, start of the partnership on the BCC NPL market
Funds affiliated to Fortress acquired 100% of UCCMB
and change company name as doBank S.p.A.
doBank acquires Italfondiario
Hence the birth of the doBank Group
doBank Group is listed on the Italian Stock Exchange
From 1st of March is operative doBank Hellas in Athens: the Greek Branch marks the first expansion in a foreign market.
On December 24, doRealEstate was merged by incorporation into doBank.
Corporate reorganisation: doBank S.p.A. changed its name to doValue and takes the form of a servicing company governed by Article 115 of the Consolidated Public Security Act (TULPS), ceasing to be a banking group.
Completed the acquisition of Altamira Asset Management and announced the acquisition of the 80% of Eurobank Financial Planning Services (completion by May 2020).
June: completed the acquisition of 80% of the share capital of FPS from Eurobanke (doValue Greece).
August: completed the issuance of its Euro 265 million senior secured notes at a fixed rate equal to 5.00% per annum, issue price equal to 98.913% , reserved for qualified investors.
November: merger by incorporation of doSolutions S.p.A. in doValue S.p.A..
May: doValue signs an agreement for the investment in a stake of c.10% in Brazilian fintech company Quero Quitar
July: doValue completes the issuance of its second senior secured bond
October: doValue acquires a new servicing mandate for Frontier portfolio, a €5.7 bn securitization of National Bank of Greece
November: doValue acquires an approximately 15% stake in Irish proptech company Bidx1
Italfondiario after 130 years of history changes its name and becomes doNext, to express modernity and dynamism.
