White & Case Advises doBank on €17.7 Billion Securitization of NPL Portfolios
1 min read
Global law firm White & Case LLP has advised doBank S.p.A. on 'Project Fino', the €17.7 billion disposal of three non-performing loan portfolios originally owned by UniCredit S.p.A.
Two of the three portfolios have been sold to, respectively, Fino 1 S.r.l. and Fino 2 S.r.l., which have financed their acquisitions through a securitization structure utilising the issuance of asset-backed notes subscribed by Fortress and UniCredit S.p.A. doBank S.p.A. has been appointed as master servicer and special servicer on the securitizations.
The White & Case team in Milan which advised on the transaction was led by partners Gianluca Fanti and Ferigo Foscari together with associates Francesco Scebba, Piero de Mattia and Riccardo Verzeletti.
For more information please speak to your local media contact.