The Company
Acquisition Date
June/August 2023
Sector
Energy
Status
Portfolio Company
The transaction consists in the purchase, between June and August 2023, of almost all of trade and financial receivables towards a leading energy and gas distribution company in Italy that filed for a composition with creditors in 2022. As a result of these acquisitions, NCO became the company’s main creditor.
The payments for NCO and other residual creditors are backed by: (i) the cash generated by the company in the interim period, (ii) equity stakes in companies active in the energy and gas sector, (iii) trade receivables, (iv) litigation claims and (v) intercompany receivables.