Intrum's Strategic Move with Banco BPM Securitisation
Deal News | May 09, 2025 | Hogan Lovells
Hogan Lovells has advised Intrum on a securitisation deal involving lease receivables previously managed by Banco BPM. As part of the transaction, Banco BPM transferred a segment of its portfolio to the special purpose vehicle Alcazar SPV S.r.l., while Tago LeaseCo S.r.l. took over the ownership of the associated legal relationships and leased assets. The advisory team from Hogan Lovells was led by Italy Managing Partner Patrizio Messina, alongside partner Sabrina Setini, senior associate Roberto Trionte, and trainee Davide Di Falco.
Sectors
- Financial Services
- Legal Services
Geography
- Italy – The transaction involved Italian entities and was led by Hogan Lovells' Italy Managing Partner, signaling its primary geographic relevance is Italy.
Industry
- Financial Services – The article discusses a securitisation transaction involving financial entities, specifically lease receivables, which is a key activity in the financial services sector.
- Legal Services – Hogan Lovells, a law firm, played a significant advisory role in the transaction, highlighting the involvement of the legal services industry.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Intrum | Target Company | Company | Intrum is a credit management service provider involved as the target company benefitting from the securitisation deal. |
| Banco BPM | Selling Company | Company | Banco BPM is the financial institution that transferred part of its portfolio in the securitisation transaction. |
| Alcazar SPV S.r.l. | Bidding Company | Company | Alcazar SPV S.r.l. is the special purpose vehicle that acquired part of Banco BPM's portfolio in the deal. |
| Tago LeaseCo S.r.l. | Bidding Company | Company | Tago LeaseCo S.r.l. assumed ownership of the related legal relationships and leased assets in the transaction. |
| Hogan Lovells | Legal Advisor | Company | A leading law firm that provided legal advisory for the securitisation transaction. |
| Patrizio Messina | Italy Managing Partner | Person | Italy Managing Partner at Hogan Lovells, led the advisory team for the transaction. |
| Sabrina Setini | Partner | Person | Partner at Hogan Lovells involved in advising the transaction. |
| Roberto Trionte | Senior Associate | Person | Senior associate at Hogan Lovells who contributed to the transaction advisory. |
| Davide Di Falco | Trainee | Person | Trainee at Hogan Lovells who was part of the advisory team. |