AMCO finalised the 2nd step of RE.Perform Project
AMCO FINALISED THE 2ND STEP OF THE RE.PERFORM PROJECT THROUGH A JOINT VENTURE WITH A SPECIALISED OPERATOR
Milan, 24 March 2026. AMCO has today finalized an agreement with funds managed by Bayview Asset Management, LLC for the sale of a portfolio of approximately €600 million (GBV) of residential mortgages.
The transaction provides the transfer of the receivables to a jointly owned vehicle, with 51% held by funds managed by Bayview Asset Management, LLC and 49% by AMCO1, while servicing activities are entrusted to Bayview Italia 106 S.p.A.
With over ten years of servicing experience in non-performing loans in Italy, Bayview Italia 106 has developed and consolidated innovative recovery strategies focused on re-performing, with an operating model capable of handling significant volumes both effectively and efficiently.
AMCO’s RE.Perform Project aims to support retail residential mortgage clients in returning to performing status, focusing on restoring households’ financial balance and enabling renewed access to credit. Today’s transaction follows the first step of the Project: in February 2025, AMCO finalised the sale of a re-performing retail mortgages portfolio of over €400 million, contributing to the creation of an efficient reperforming residential market in Italy, in line with AMCO’s systemic role.
The transaction also reflects AMCO’s strategy to enhance the value of its existing portfolio through a combination of industrial and transactional approaches, aimed at capturing market opportunities that enable inorganic value creation.
For the portfolio sale, AMCO was advised by Alantra as financial advisor – by the team lead by Fabrizio Sicilia, and by Herbert Smith Freehills Kramer Studio Legale as legal advisor – by the team lead by Emanuela Da Rin. Bayview was advised by Gianni & Origoni – by the team led by Avv. Norman Pepe.
1The loans under disposal consist partly of loans owned on-balance sheet by AMCO and partly of loans related to the ex-Veneto Banks’ segregated accounts. The portion of the loans owned on-balance sheet will be deconsolidated.
