Europa Factor S.p.A. and Convecta StA have entered into a partnership agreement for the management of non-performing loans.
Such collaboration stems from the development plan of Europa Factor, a company that manages, collects and purchases NPLs.
The purpose of the partnership is to provide a highly specialized company capable of managing the judicial phase of credit collection and ensuring high quality and efficiency, as well as top performance levels, in line with collection expectations.
A new player in the credit collection market such as Convecta StA, arising from the partnership between Dentons and SPGlegal, with a strong legal background and a team of lawyers experienced in legal recovery, is the ideal partner for launching the project.
The partnership enables Europa Factor (also with respect to its subsidiary Credit Factor S.p.A.) to offer its clients an even better credit collection service, with a view to enhancing its assets’ value.
About Europa Factor S.p.A.
Europa Factor, with over 22 years of experience in the management, collection and purchase of credits has always stood out for the high level of attention paid not only to its partners (clients), but also and above all for its commitment to social responsibility in the professional context in which it operates.
Some highlights regarding Europa Factor’s operations:
- Total AUM reached during 2021 of Euro 4.6 billion;
- Owned assets in non-performing loans of Euro 2.6 billion;
- Over 250 proprietary portfolios achieved during 2021;
- AUM under management on behalf of third parties of Euro 2.0 billion;
- Investment objective, also through its subsidiary Credit Factor S.p.A. (50% JV with IBL Banca), of over Euro 75 million;
- More than 1,500 professionals involved in credit collection, entirely carried out in Italy.
About Convecta StA
Convecta – a company created from the partnership between the law firms Dentons and SPGlegal – provides comprehensive assistance in the management and collection of credits, also in the banking sector, with a tailor-made approach. Convecta combines highly qualified legal expertise with management skills and operational efficiency of the processes, capitalising on the experience gained by SPGlegal in about 10 years of credit collection, with an integrated team of lawyers and credit collectors. The company is chaired by lawyer Federico Sutti and led by lawyer Santi Puglisi as Managing Director.