21/09/2022
Constitution of the Dedicated Asset “Mercurio”
In Milan, at the Notary Office "Milano Notai", notary Giovannella Condò, took place the "Constitution of the Dedicated Asset called "Mercurio" constituted pursuant to art. 2447-bis c.c. and issue of a participatory financial instrument issued on the same.".
The characteristics of the deal regard a real innovation of the financial structure introduced by the management of ARC, that is the purchase of two portfolios through an operation "multi-originator" of non-performing credits of "Banca del Valdarno" and the "Banca di Credito Cooperativo di Fano".
The Portfolio has the following features:
- Total Gross Book Value ("GBV") of euro 8.000.255,00
- Purchase price ("NPV") equal to euro 975.000,00.
The Company issued No. 88 (eighty-eight) participatory financial instruments ("SFPs"), for a total amount of maximum € 880,000.00 (eight-eight hundred thousand) of the nominal unit value of € 10,000.00 (ten thousand) each reserved for subscription to professional investors identified by the board of directors.
SFPs, as specified in the Regulation (available from the company) indicates how SFPs constitute a venture capital investment and are "quasi-equity" securities with a participatory nature that do not provide any right to the refund of the contribution.
The Business Plan (available from the company) attests to the adequacy of the Destined Assets with respect to the realization of the deal and illustrates the modalities and rules relative to its employment and the result that it intends to pursue.
The Company will have the task, as servicer of the Dedicated Assets, to carry out all the activities of management, administration and collection of the Portfolio in compliance with the policies of collection and recovery of Receivables, which it applies in its ordinary management activities, administration and recovery of debt portfolios.
18/11/2021
Constitution of the Dedicated Asset “Saturno”
In Milan, at the Notary Office "Milano Notai", notary Giovannella Condò, took place the "Constitution of the Dedicated Asset called "Saturno" constituted pursuant to art. 2447-bis c.c. and issue of a participatory financial instrument issued on the same.".
The characteristics of the deal concern the purchase of a portfolio of non-performing loans of the "Banca di Valdarno Banca del Valdarno Credito Cooperativo", based in San Giovanni Valdarno.
The Portfolio has the following features:
- Gross Book Value ("GBV") of euro 3.041.562,76
- Purchase price ("NPV") equal to euro 390.000,00.
The Company issued No. 3 (three) participatory financial instruments ("SFPs"), for a total amount of maximum € 300,000.00 (three hundred thousand) of the nominal unit value of € 100,000.00 (one hundred thousand) each reserved for subscription to professional investors identified by the board of directors.
SFPs, as specified in the Regulation (available from the company) indicates how SFPs constitute a venture capital investment and are "quasi-equity" securities with a participatory nature that do not provide any right to the refund of the contribution.
The Business Plan (available from the company) attests to the adequacy of the Destined Assets with respect to the realization of the deal and illustrates the modalities and rules relative to its employment and the result that it intends to pursue.
The Company will have the task, as servicer of the Dedicated Assets, to carry out all the activities of management, administration and collection of the Portfolio in compliance with the policies of collection and recovery of Receivables, which it applies in its ordinary management activities, administration and recovery of debt portfolios.
30/12/2020
Extension of the Mini Bond offer period
Pursuant to art. 2 of the Loan regulation, ARC Real Estate has deliberated to extend, from December 30th 2020 to March 28th 2021, the offering period of the Mini Bond issued, which will be offered for subscription for the amount equal to the part of the Loan not subscribed during the precedent offer period. This operation will also be held via the portal www.crowdbond.it.
07/12/2020
ARC Real Estate issues a Mini Bond for € 1,5 million
ARC Real Estate SpA has issued bonds for a total of €1,5 mln. The operation is listed on the Vienna Stock Exchange.
The Bonds will have a duration of 5 years, with a gross annual interest rate of 6% and quarterly coupons. Another important feature is the overperformance bonus: at the expiration date, a bonus of 5% will be rewarded if the financial performance of the NPL porfolios is more than 70%.
The sum collected will be used to purchase non performing loan (NPL) portfolios (secured and unsecured), originating on the primart market. The GBV (gross booked value) per portfolio will be between € 0,5 mln and € 10 mln, if the composition inclused secured and unsecured positions; the GBV will be between € 1 mln and € 50 mln, if the porfotlio is unsecured.
Founded in 1993, ARC is a global, independent info-provider for banks and investment funds. In the NPL market, the company has assets under servicing for € 1 billion, deriving from debt management and collection on behalf of third parties, and asset under management for € 15 million, deriving from the non-recourse purchase of small-sized porfolios on the primary market.
"The financial resources collected from the Mini Bond will be useed for the purchase of new portfolios. This activity will definitely make us as a global, independent partner for banks and financial institutions, with an end-to-end offer" says the CEO, Massimiliano De Castro. "This operation allows us to show our potential as originator for the portfolio selection, as advisor for the valuation, and as sevicer for debt management and collection acivities."
