Bain Capital acquisition of Heta Asset Resolution Italy

5/8/2016

Public acquisition

Status:

Completed

Date:

5/8/2016

Overview:

Bain Capital has acquired HETA Asset Resolution Italia via one of its alternative investment funds.
The target has a loan book of €657 million.
The deal is part of a wider winding down procedure of Austria's Hypo Alpe Adria, which was nationalised in 2009, before being converted into a bad bank - Heta Asset Resolution.
A similar deal was struck in the Balkans where Advent International acquired Hypo Group Alpe-Adria, the Southeast Europe network of the Austrian bank.
PricewaterhouseCoopers were the financial advisors to HETA, EY provided financial advice to Bain Capital.

Sam Duke - Editor

Jurisdiction:

Italy

Deal type:

Public acquisition

Practice area:

M&A

Governing law:

Italy

Industry sectors:

Banking
Financial services

Firms:

Chiomenti

Party: HETA Asset Resolution (Seller)

Lawyers: Franco Agopyan, Luca Andrea Frignani

Linklaters

Party: Bain Capital (Acquirer)

Lawyer: Giorgio Fantacchiotti

Schoenherr

Party: HETA Asset Resolution (Seller)

Lawyer: Thomas Kulnigg

Wolf Theiss

Party: Bain Capital (Acquirer)

Lawyer: Nikolaus Paul

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Thomas Kulnigg
- Partner
- Schoenherr
- Austria