H.I.G. makes second Italian NPL investment
H.I.G. Capital said Wednesday that it invested through an Italian securitization in a portfolio of non-performing loans originated by Group Cassa di Risparmio di Cesena. Financial terms of the deal, which closed Jan. 29, weren’t announced. The portfolio comprises 52 non-performing loans backed by a mixture of residential and commercial real estate, mainly in the regions of Emilia-Romagna and Marche in Northern Italy. The transaction is H.I.G.'s fourteenth real estate investment in Europe since 2013 and its second NPL investment in Italy.
11 February 2015•3 mins read
