Bain Capital acquires Hypo Alpe Adria in Italy

Bain Capital Credit announced today that it has completed the acquisition of the former Hypo Alpe Adria Bank from the Austrian Government, which held it through the vehicle HBI-Bundesholding AG, thus strengthening its strategic presence in the NPL sector in Italy.

In the context of the acquisition, the Friulian company based in Tavagnacco and previously active in the banking sector, which in recent years had concentrated on managing its loan and property portfolio, becomes an authorized financial intermediary , now dealing with third party servicing of NPL portfolios,  as Julia Portfolio Solutions SpA (“Julia Portfolio Solutions”).,

With about 75 employees and a portfolio of approximately Eur 400 million under management, Julia Portfolio Solutions will be active in the NPL servicing sector in the corporate sector, with a main vocation in real estate leasing; the new company will operate complementary to ACS’s activities, which will remain active as a captive platform for Bain Capital Credit in Italy.


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