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Saturday, August 19, 2017

UniCredit sells risk to optimize allocated capital

UniCredit SpA recently sold junior/mezzanine risk on a $1,234 million portfolio of Italian Project Finance Loans to further optimize allocated capital.

The development is in line with the company's strategy to enhance risk adjusted profitability. The company will put the freed up capital to use in its new business growth.

The International Infrastructure Finance Company Fund LP purchased the risk along with Mariner Breakwater LP and two funds managed by Mariner Investment Group, a specialized credit and infrastructure asset manager.

UniCredit Bank AG structured the deal and Freshfields served as counsel to the purchase. The Riolo Calderaro Crisostomo and DLA Piper Legal firms legally advised the purchase.

The structured finance deal is intended to relieve capital for reinvesting into new lending and is an avenue already pursued by UniCredit to support the Italian economy, along with Public and Supranational fund.