Corporate Banking

Structured finance
We structure tailored funding solutions to reinforce the growth and development plans of companies with high industrial potential and growth prospects. We intervene at times of significant discontinuity in a company's life to implement key investment or business acquisition projects that call for highly specialised skills.

Turnaround & Special Situations
In distress situations we work by using a variety of instruments and technical forms, also in combination:
- disbursement of new super senior finance (possibly by way of "pre-deduction" as defined by the New Crisis Code)
- purchase of single name loans with the resulting revision of terms and conditions.
In cases of discontinuity, we mainly perform two kinds of intervention:
- refinancing to complete a revival path(e.g. early withdrawal from restructuring agreements, bridges and extraordinary operations)
- new funding in the form of subordinated or hybrid debt instruments (.g. bullet or convertible financing), supporting the restructuring/simplification of the capital structure and/or accelerating development plans

Factoring
Solutions to fund working capital and supply chain finance and obtain short-term liquidity. Factoring performs four functions having the aim of enabling companies to receive payment for their invoices by transferring credit risk to factors: invoice management; covering invoice risk by having the factor pay over the billed amount; obtaining liquidity, this representing the financing feature; and finally improving credit access ratings.

Investment Banking

Capital Markets

We support small and mid-caps wishing to achieve organic and non-organic growth and optimise their financial structure through the use of tailored solutions. As Global Coordinator, we accompany businesses in structuring their listing processes. As Euronext Growth Advisor, we assist companies wanting to list on the Euronext Growth Milan market.

Securitisations
We find efficient structured-finance solutions that call for a high level of specialisation and financial expertise as a means of diversifying our customers' funding sources, improving their financial position and optimising their capital absorption. We act as Arranger and Lead Manager in structuring securitisation, basket bond, basket loan and alternative debt operations and placing the instruments on the market.

Financial Markets We invest in both the primary and secondary corporate bond market and the "alternative debt" market to support businesses and finance their current activity and future growth plans with speedy execution and quick time to market. Thanks to the svnergies with the Corporate Banking area and the Specialised Credit and b-ilty divisions, we offer companies a wide range of hedging solutions, providing them with the tools required to reduce the risks arising from their operations.

Asset Based Solutions ​

Loans secured on assets

Real Estate
We analyse situations involving loans secured by real estate assets, following and coordinating the whole negotiation and bidding process in order to establish and structure financial solutions with the aim of assisting the business and enhancing the value of the assets.

Energy
We restore value to impaired energy-producing assets, assisting businesses but also investing directly. In addition, we support investments in new production capacity or in any case those designed to accompany the country's energy transition. We leverage on our deep-seated knowledge of the sector to provide customers with flexible solutions, more in line with their investment objectives, also by using securitisation structures.

Distressed Credit Investment

We invest in non-performing corporate loans classified as distressed or UTP (Unlikely-to-Pay) by purchasing loans sold by banks or other investors. We have a highly-specialised approach and pay close attention to the underlying: in particular, we have developed distinctive skills in the real estate, energy and public procurement claim segments. We do not only purchase loans, our aim is also to regenerate these to create value for businesses and the local area.

Credit & Asset Optimisation

We sell non-performing loans and real estate assets to third party investors, following the operation throughout from origination to closing.

ARECneprix

We sell non-performing loans and real estate assets to third party investors, following the operation throughout from origination to closing.

ARECneprix

Our specialisation

Asset Management We are specialists in the management of large real estate assets, having a full range of made-to- measure value-enhancement services and strategies designed to maximise the value of the underlvine.

Special Servicing
We support banks and our partner investors throughout the whole value chain: from origination and the due diligence to the value-enhancement and marketing of the secured assets.

Structuring & Finance
We structure financial operations based on the restructuring of loan positions with a real estate underlying that are capable of respondine to the needs of banks, investors and debtors, taking a tailored approach and using latest-generation technologies.

Our aim is to be a reference point for both the financial community and the business world in the setting-up and management of alternative investment funds, with a special focus on the turnaround, special situations and performing loans markets. With our dynamic and distinctive approach on the market we are a reliable financial and business partner for supporting Italian SMEs with potential, even if in temporary difficulty, and assisting them on their revival and growth path.

illimity SGR's ESG commitments

In line with the policies of its parent, illimity Bank, illimity SGR directs the investment decisions of its funds towards ensuring compliance with Environmental, Social and Governance issues, with the aim of generating sustainable value over time and achieving responsible growth consistent with a company's requirements

The funds

iCCT - illimity Credit & Corporate Turnaround:The main aim of the illimity Credit & Corporate Turnaround fund is to make linvestments in the unlikely-to-pay loans and equity and semi-equity instruments of Italian SMEs that are financially out of balance but have sound revival prospects.

iREC - illimity Real Estate Credit: The illimity Real Estate Credit fund, active since August 2022, was formed on the joint initiative of illimity SGR and illimity Bank and operates mainlv in the market of distressed credit secured on real estate assets, both UTP and NPL. land in that of equity, semi-equity and real estate instruments.

iSC - illimity Selective Credit: illimitv Selective Credit is a private debt AIF that acts as a strategic medium- long term partner for performine unlisted Italian SMEs, funding these through the use of a wide range of financial instruments that range from senior loans Ito subordinated debt and/or quasi-equity instruments, with a focus on ESG issues throughout the entire investment process.