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M&A Deal Summary

Bain Capital Credit Acquires HARIT

On February 21, 2017, lender Bain Capital Credit acquired financial services company HARIT from Heta Asset Resolution AG

Acquisition Highlights
  • This is Bain Capital Credit’s 1st transaction in the Financial Services sector.
  • This is Bain Capital Credit’s 1st transaction in Italy.

M&A Deal Summary
Date 2017-02-21
Target HARIT
Sector Financial Services
Buyer(s) Bain Capital Credit
Sellers(s) Heta Asset Resolution AG
Deal Type Divestiture
Advisor(s) Kroll (Financial)

Target

HARIT

Tavagnacco, Italy
HARIT is a real estate leasing business regulated by Banca d’Italia and headquartered in Tavagnacco, Italy. HARIT manages a proprietary portfolio which mainly consists of repossessed assets as well as performing and non-performing leasing contracts. HARIT is based in Tavagnacco, Italy.

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Buyer(S) 1

Buyer

Bain Capital Credit

Investor Investor Investor Investor Investor

Category Lender
Founded 1998
PE ASSETS 43.7B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Bain Capital Credit is a provider of credit, lending, and other related investment strategies. The Firm's private credit group looks to fund profitable middle-market businesses with $10 to $150 million of EBITDA. Bain Capital Credit is sector agnostic and will consider opportunities throughout North America, Europe, and Australia/New Zealand. Bain Capital Credit was founded in 1998 and is based in Boston, Massachusetts.

DEAL STATS #
Overall 1 of 11
Sector: Financial Services M&A 1 of 2
Type: Divestiture M&A Deals 1 of 1
Country: Italy M&A 1 of 1
Year: 2017 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-23 CJ Foods America

La Palma, California, United States

CJ Foods America is the U.S. food operations manufacturer and distributor of Asian food products with a focus on Korean food. Through brands, Bibigo and Annie Chun's, CJ Foods are able to offer an extensive range of packaged food products, including dumplings, noodles, and sauces. Backed by a global company with over 60 years of experience in the food industry, CJ Foods’ mission is to drive awareness of Asian food, especially Korean food, and provide only the best quality products to U.S. households across the nation.

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Seller(S) 1

SELLER

Heta Asset Resolution AG

Worthersee, Austria
Category Company
Founded 1896
Sector Financial Services
DESCRIPTION

Heta Asset Resolution AG is a company owned by the Republic of Austria.

DEAL STATS #
Overall 2 of 2
Sector: Financial Services M&A 2 of 2
Type: Divestiture M&A Deals 2 of 2
Country: Italy M&A 1 of 1
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-23 Addiko Bank

Vienna, Austria

Addiko Bank is a universal bank that offers unsecured personal loan products for consumers and working capital loans for its SME customers and is largely funded by retail deposits. Addiko Bank is based in Vienna, Austria.

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