Banca CF+ Strengthens Tax Credit Position with Acquisition from BE Holding

Deal News | Feb 10, 2025 | Legal Community Italy

Banca CF+ Strengthens Tax Credit Position with Acquisition from BE Holding

Banca CF+ has reinforced its standing in the tax credit sector by acquiring a segment of BE TC, a part of the BE Holding Group. This division specializes in the origination of tax credits against the Italian Revenue Agency. During the legal proceedings of this acquisition, Banca CF+ was advised by Legance – Avvocati Associati, while BE Holding's representatives were Andrea Luciano and Amedeo Scioli from LS Lexjus Sinacta. This transaction serves as the latest development in a partnership that began in 2018 between Banca CF+ (then Credito Fondiario) and BE Finance. In 2020, this partnership led to the acquisition of BE Credit Management S.r.l., which was merged into Banca CF+ at the end of 2022. With this recent acquisition, Banca CF+ has internalized the complete process of purchasing and managing tax credits. Furthermore, Marco Quaglierini, founder of BE Holding, has joined Banca CF+'s leadership team as Head of the Tax Credits business unit.

Sectors

  • Banking
  • Legal Services
  • Taxation

Geography

  • Italy – The companies involved, Banca CF+ and BE Holding, are based in Italy, and the transaction pertains to the Italian tax credit market.

Industry

  • Banking – Banca CF+ is a banking institution involved in the acquisition and management of fiscal credits.
  • Legal Services – Legal advisors Legance and LS Lexjus Sinacta facilitated the acquisition process.
  • Taxation – The transaction involves the acquisition of a business unit specializing in tax credits.

Financials

  • 500 million Euros – The total value of tax credit purchases made by Banca CF+ in the last three years.

Participants

NameRoleTypeDescription
Banca CF+BuyerCompanyAn Italian bank expanding its involvement in the tax credit market.
BE HoldingSellerCompanyParent company of BE TC, focused on financial services.
Legance – Avvocati AssociatiLegal Advisor to BuyerCompanyProvided legal support to Banca CF+ during the acquisition.
LS Lexjus SinactaLegal Advisor to SellerCompanyProvided legal support to BE Holding during the acquisition.
Marco QuaglieriniNew executive at BuyerPeopleJoined Banca CF+ as Head of the Tax Credits unit.