doValue Group, the leading operator in credit management and real estate services for banks and investors in Southern Europe, is expanding its operations, by further strengthening its presence in the European market.
In a period where other corporate groups are exiting the asset management market, doValue is stepping up its activities in the sector, through its shareholders’ support and the involvement of a new lead investor, Elliot. At the same time, the Group is moving ahead with the acquisition of one of its most important competitors, Gardant. Gardant is a leading Italian NPL management company, with a portfolio of €20b and a highly successful business model. The acquisition is expected to further solidify doValue’s leading position in the South European credit management market, bolstering the Group’s portfolio, client base, and services.
Therefore, with its main shareholders being Bain and Fortress – who are key players in the global NPL market – as well as the addition of Elliott, the Group is moving ahead with upgrading its portfolio, either through mergers, or organically. The deal is expected to further solidify doValue’s position in Italy and in other countries where it operates. Given that Elliott hadn’t previously invested in the Greek market, its 20% stake in doValue could very possibly turn it into a significant investor in Greek and Cypriot portfolios.
doValue Cyprus boasts a market share of over 40%
With a presence in three regions, the Group is one of the leading companies in its sector in Italy, Spain, Portugal and of course, Greece and Cyprus. Moreover, given that the company’s assets under management in these countries are close to €116b, doValue is a key engine of growth for each local economy, and a key contributor to the overall resilience of the financial system.
It should be noted that the Group’s Greek and Cypriot businesses play a prominent role in the Group’s success. This is also reflected in the relevant figures, with doValue’s market share in Greece being over 30% and in Cyprus 40%.
In Cyprus, doValue is the country’s biggest independent NPL management servicer with currently three NPL portfolios under management and the largest real estate management company on the island, managing real estate portfolios through the Altamira Real Estate platform on www.altamirarealestate.com.cy.
