Press Release
GENERALE GESTIONE CREDITI S.R.L. AND BCMGLOBAL ASI LIMITED, MILAN BRANCH MERGE TO BECOME BCMGLOBAL ITALY
Milan, July 8, 2024
BCMGlobal, a leading European independent loan and asset management service provider, announces the completion of the merger process between Generale Gestione Crediti S.r.l. (“GGC”) and BCMGlobal ASI Limited, Milan Branch (“BCMGlobal Milan Branch”). Both Italian companies are already part LC Financial Holdings Ltd, and specialise in third-party credit management activities. The transaction came into effect from July 1, 2024, and has created BCMGlobal Italy S.r.l. (“BCMGlobal Italy”).
Founded more than 20 years ago, GGC was one of the first Italian companies to provide an integrated approach to credit collection management for third parties. The company specialises in managing unsecured loans (both performing and non-performing).
BCMGlobal has been active in the Italian market since 2017 and operates as a special servicer for international institutional investors and asset managers, with a focus on managing and recovering non-performing loans (“NPLs”) and unlikely-to-pay exposures (“UTPs”) together with providing real estate asset management and advisory activities.
This merger consolidates BCMGlobal Italy’s position as a leading operator in the Italian market, widening its offering and competencies to provide its broad base of clients with expert services throughout the entire credit lifecycle.
“The incorporation of Generale Gestione Crediti into BCMGlobal Italy confirms our deep commitment to developing our activities in the Italian market. Our goal is to continuously strengthen our presence in this country, which remains one of the most interesting in Europe in terms of both size and service evolution.” Simon Fitness, BCMGlobal Group CEO.
“Our aim is to continue providing excellent services to our clients by leveraging our independence, the complementary skills of GGC and BCMGlobal Milan Branch, and our team of highly qualified professionals. The new scale also allows us to strengthen our corporate governance, control, and business support functions to continuously elevate our quality standards” Roberto Zambotti, Managing Director of BCMGlobal Italy.
