Recus specializes in managing non-performing loans on behalf of its clients, with approximately 900 thousand dossiers in 2013, equivalent to over 900 million Euros. Recus is headquartered in Treviso and has operations in Milan, Rome, Sassari and in Romania. It provides high quality services to its clients and in 2013 generated consolidated revenues of Euro 15,7 million.
Cerved is the largest credit information provider in Italy and one of the major credit rating agencies in Europe. It offers the most comprehensive range of products and services to more than 34 thousand companies and financial institutions to assess solvency and creditworthiness of its counterparties, manage credit risk at all stages, and define marketing strategies. Furthermore, through Cerved Credit Managament and Finservice it offers solutions for the evaluation and management of NPLs.
Cross Border was chosen as exclusive advisor by the owners and managers of Recus thanks to its track record and know-how in the NPLs sector. It assisted Recus in the development of a market strategy and business plan and in the structuring of the transaction, managing the selection process of the best industrial partner to support the growth plan.