White & Case Advises doBank on €17.7 Billion Securitization of NPL Portfolios
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.
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