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    DOV   IT0001044996

DOVALUE S.P.A.

(DOV)
  Report
Delayed Borsa Italiana  -  11:35:03 2023-02-07 am EST
7.780 EUR   -1.27%
02/02Mib back below 27,000; wait for ECB and BoE
AN
02/02Mib above 27,000; TIM leads but oil stocks down
AN
02/02Futures bullish after Fed; focus on ECB
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doValue S p A : New investor joins doValue client portfolio through Project Mexico

01/12/2022 | 12:56pm EST

PRESS RELEASE

NEW INVESTOR ADDED TO CLIENT PORTFOLIO THROUGH PROJECT MEXICO

Rome, January 12th, 2022 - doValue S.p.A. ("doValue", or the "Company") communicates the introduction of Waterwheel Capital Management to its portfolio of clients through the completion of the €3.2 billion Project Mexico HAPS securitisation in Greece.

Founded in November 2017, Waterwheel Capital Management is a US based institutional investor focused on targeted investment opportunities, and currently concentrated on Greek assets including the non-performing loan market.

As a reminder, in H1 2021, Eurobank has started the HAPS securitisation process for the €3.2bn Mexico Portfolio (already under management by doValue). As part of Project Mexico, Waterwheel Capital Management has acquired a 90% stake in the mezzanine and junior notes related to the securitisation of the portfolio with doValue retaining the related servicing mandate of the Mexico Portfolio.

The completion of the €3.2bn Project Mexico with Eurobank and Waterwheel Capital Management (which follows the completion of the €5.7bn Project Frontier with National Bank of Greece, Bain Capital and Fortress) reinforces doValue leadership as a servicer in the Greek HAPS securitisation market, a key growth area for the Company.

doValue, formerly doBank S.p.A., is the leading operator in Southern Europe in credit management and real estate services for banks and investors. Present in Italy, Spain, Portugal, Greece and Cyprus, doValue has over 21 years of experience in the sector and manages assets for approximately €160 billion (Gross Book Value) with over 3,200 employees and an integrated offer of services: special servicing of NPLs, UTP, Early Arrears, and performing positions, real estate servicing, master servicing, data processing and other ancillary services for credit management. doValue is listed on Euronext Milano ("EXM") and recorded in 2020 gross revenues of approximately €421 million and an EBITDA excluding non-recurring items of €127 million.

Contacts

Image Building

doValue - Investor Relations

dovalue@imagebuilding.it

investorrelations@dovalue.it

+39 02 89011300

+39 02 83460127

Disclaimer

doValue S.p.A. published this content on 12 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 January 2022 17:55:05 UTC.


ę Publicnow 2022
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Financials
Sales 2022 534 M 571 M 571 M
Net income 2022 42,5 M 45,5 M 45,5 M
Net Debt 2022 421 M 451 M 451 M
P/E ratio 2022 14,8x
Yield 2022 7,71%
Capitalization 615 M 658 M 658 M
EV / Sales 2022 1,94x
EV / Sales 2023 1,93x
Nbr of Employees 3 237
Free-Float 70,6%
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Technical analysis trends DOVALUE S.P.A.
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TrendsBullishBullishNeutral
Income Statement Evolution
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Mean consensus BUY
Number of Analysts 4
Last Close Price 7,78 €
Average target price 9,13 €
Spread / Average Target 17,3%
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Managers and Directors
Andrea Mangoni Director
Giovanni Castellaneta Chairman
Nunzio Guglielmino Independent Director
Giovanni Battista Dagnino Independent Director
Francesco Colasanti Director