MILAN – 20 July 2022 – Greenberg Traurig Santa Maria assisted illimity with the banking group’s agreement with UniCredit for the acquisition of a mixed non-performing loans portfolio. The portfolio consists entirely of Italian non-performing exposures with a total gross claim value of approximately € 1.3 billion. The acquisition is to be made through a securitization vehicle managed by illimity S.p.A. on a non-recourse basis (pro-soluto).
Greenberg Traurig Santa Maria assisted illimity and the securitization vehicle, both in the investor selection procedure and in the negotiation of the assignment contracts. The team consisted of partner Corrado Angelelli, senior associate Davide Bonsi, and trainee Francesca Muci.
llimity is a high-tech banking group that extends financing to high-potential SMEs, purchases distressed corporate loans and services these through its platform neprix, and provides digital direct banking services through illimitybank.com, according to its website. The banking group is headquartered in Milan.
Greenberg Traurig Santa Maria is the result of the combination of Greenberg Traurig, LLP with its long-term ally, Santa Maria Studio Legale Associato - a renowned legal boutique, founded in 1970 by Alberto Santa Maria in Milan. Greenberg Traurig Santa Maria is the fifth GT office in Europe and the 40th office in the world and comprises more than 50 lawyers. Web: https://www.gtlaw.com/en/locations/milan LinkedIn: https://www.linkedin.com/company/greenberg-traurig-santa-maria/
About Greenberg Traurig: Greenberg Traurig, LLP has more than 2400 attorneys in 43 locations in the United States, Europe, Latin America, Asia, and the Middle East. The firm, often recognized for its focus on philanthropic giving, innovation, diversity, and pro bono, reported gross revenue of over $2 Billion for FY 2021. The firm is consistently among the top firms on the Am Law 100, Am Law Global 100, NLJ 250, and Law360 (US) 400. On the debut 2022 Law360 Pulse Leaderboard, it is a Top 15 firm. Greenberg Traurig is Mansfield Rule 4.0 Certified Plus by The Diversity Lab and net carbon neutral with respect to its office energy usage. Web: www.gtlaw.com.