Announced
Completed
Financials
Tags
corporate banking
Acquisition
Single Bidder
leasing
Completed
Banks
Private
Private Equity
commercial banking services
risk management
cash management
Cross Border
Majority
Italy
Friendly
Synopsis
Bain Capital Credit, an investment company, completed the acquisition of Julia Portfolio Solutions, a provider of commercial banking services, from the Austrian government, which was the owner through the vehicle HBI-Bundesholding. Financial terms were not disclosed. "Julia Portfolio Solutions joins the real estate portfolio servicing’s universe, adding to this new area the transversal skills and know-how acquired over many years of experience in the sector. Being part of an important firm such as that of Bain Capital Credit is a key opportunity for Julia Portfolio Solutions, as it provides access to world-class network and expertise, significantly consolidating the company’s role in the Italian NPL servicing sector," Alfredo Balzotti and Federico Di Berardino, Julia Portfolio Solutions Chairman and General Manager.
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