illimity Bank to acquire Aurora Recovery Capital for $42m.

illimity Bank, a paradigm bank, agreed to acquire Aurora Recovery Capital, a company specialised in managing unlikely to pay loans with a focus on the corporate real estate segment, for $42m. “The integration between neprix and Arec is a combination of two complementary centres of excellence which will release significant business opportunities. Thanks to the already conquered market positioning, the resulting company will be a benchmark player in several asset classes, while thanks to the tools provided by the illimity Group it will be able to extend its range of action in developing the financing of complex deals and the relative structuring," Marco Sion Raccah, Arec General Manager.