M&A Deal Summary

doValue Acquires Italfondiario

On November 5, 2016, doValue acquired financial services company Italfondiario from Fortress

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

M&A Deal Summary

Date 2016-11-05
Target Italfondiario
Sector Financial Services
Buyer(s) doValue
Sellers(s) Fortress
Deal Type Add-on Acquisition

Target

Italfondiario

Rome, Italy
Italfondiario provides commercial financial services. The Company offers credit management services such as outsourcing of financial and commercial. Italfondiario serves customers in Italy.

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Buyer(S) 1

Buyer

doValue

Verona, Italy

Category Company
Founded 2015
Sector Financial Services
DESCRIPTION

doValue is the first operator in Southern Europe active in credit management and real estate services, mainly deriving from non-performing loans, for banks and investors. doValue was founded in 2015 and is based in Verona, Italy.


DEAL STATS #
Overall 1 of 1
Sector: Financial Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Italy M&A 1 of 1
Year: 2016 M&A 1 of 1

Seller(S) 1

SELLER

Fortress

New York, New York, United States

Category Asset Manager
Founded 1998
PE ASSETS 44.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Fortress is a public investment firm that manages hedge fund, credit, and private equity investments. Fortress' private equity practice primarily makes control-oriented investments in North American and Western European businesses with significant asset-bases and strong cash-flows. Fortress is open to investing in a wide range of sectors, however the Firm has tended towards capital intensive sectors. These include transportation, financials, senior living/healthcare, real estate, media & telecommunications, leisure and energy infrastructure. The pivate equity group also invests in publicly traded alternative investment vehicles, which Fortress refers to as 'castles' that primarily invest in real estate and real estate related debt. Fortress was formed in 1998 and is based in New York City.


DEAL STATS #
Overall 18 of 27
Sector: Financial Services M&A 7 of 11
Type: Add-on Acquisition M&A Deals 6 of 9
Country: Italy M&A 1 of 1
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-21 Omnisure Group

Chicago, Illinois, United States

Omnisure Group is a specialty finance company and customized payment plan provider for vehicle and home service contracts. Omnisure Group was formed in 2010 and based in Chicago, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-11 Red Rocks Resources

Oklahoma City, Oklahoma, United States

Red Rocks Resources is a private oil and gas company. Red Rocks is led by three experienced oil executives, Kevin Fitzgerald, Randy Stalcup and Jim Stubbs, with over 110 years of combined experience, and operates oil and gas assets throughout the Mid-Continent United States. Red Rocks Resources was founded in 2001 and headquartered in Oklahoma City, Oklahoma.

Buy -