Eidos Partners financial advisor and selling agent in the securitization Monviso 2013

 

April 2013

 

Eidos Partners announces the closing of a securitization, called Monviso 2013, of a portfolio of consumer loan receivables which Consel Spa, as originator, granted to its retail consumer base in Italy both to purchase goods and for personal liquidity.
The portfolio mostly comprises individual loans to purchase new or used vehicles.
Monviso 2013 financed the purchase of the loans through the issuance of two tranches of ABS, for a total amount of € 569.5 mln. The class A notes, issued for a total amount of € 347.9, are listed on the Luxembourg Stock Exchange and received AA+ (sf) rating from Standard & Poor’s. Half of the class A notes has been placed to institutional investors while the rest used as collateral for financing transactions with the ECB.
This is Consel's first structured finance transaction.

 

 

Consel Spa (www.e-consel.it), with its headquarters located in Turin, is a company focused on the consumer loan receivables, providing a wide range of financing products especially about credit cards and installment plans. Its services are provided by a structure operating through branches spread over Italy

Consel is founded in June 1999 as a division of Biella Leasing SpA of the Banca Sella Group. It becomes Consel SpA in December 2000 through a split from Biella Leasing SpA.

Eidos Partners (www.eidospartners.com) is an indipendent advisory firm specialised in mergers and acquisitions, initial public offerings, debt raising, financial restructuring, financial advisory services and execution of structured finance transactions, including bond issues and derivatives. Eidos Partners works with Italian and international companies, private equity funds and institutional investors.

For further information www.eidospartners.com

 

 

Transaction Type
Financial Advisor & Selling Agent

Transaction Size
€ 569.5 mln

Sector
Consumer loan receivables

Michele Rolleri
Managing Director
Tel: +39 02 87238.811
michele.rolleri@eidospartners.com

 
 

Céline Cavallo de'Paoli
Senior Executive Consultant
Tel: +39 02 87238.807
celine.cavallodepaoli@eidospartners.com