DDM enters Italy and intends to enter into a strategic partnership
DDM Holding AG (First North Growth Market: DDM) announces that it has acquired a 5% stake and intends to enter into a strategic partnership with Borgosesia S.p.A, an Italian investment platform specialized in secured non-performing loans and special situations.
DDM has acquired a 5% stake in Borgosesia for approximately EUR 1.4 million financed by cash on hand. As part of the strategic partnership with Borgosesia, DDM has signed a memorandum of understanding regarding future investments in real estate related to non-performing loans and distressed real estate assets located in Italy. The target investment volume amounts to up to EUR 100 million over a three-year horizon.
Alessandro Pappalardo, CIO of DDM, comments: “Borgosesia is a niche investment platform with a proven track record of successfully originating, structuring and executing complex investments at attractive returns. We look forward to entering into this partnership, which will give DDM access to an exciting pipeline of Italian mid-market real estate-backed special situation investment opportunities.”
The information was submitted for publication, through the agency of the contact person set out below, at 10:30 CET on 3 December 2021.
For more information, please visit DDM’s website at www.ddm-group.ch or contact:
Florian Nowotny, Chief Executive Officer
Tel: +43 664 100 1243
Fredrik Olsson, Chief Financial Officer
Tel: +41 79 331 30 17
Mail: investor@ddm-group.ch
DDM Holding AG (Nasdaq First North Growth Market, Stockholm: DDM) is a specialized multinational investor and manager of non-performing loans and special situations. Since 2007, the DDM Group has built a successful platform in Southern, Central and Eastern Europe, having acquired 2.4 million receivables with a nominal value of over EUR 4 billion. DDM Debt AB (publ) (Nasdaq Stockholm: DDM Debt 2026) is a wholly owned subsidiary of DDM Holding AG. Arctic Securities is DDM Holding AG’s Certified Adviser, address: Regeringsgatan 38, 111 56 Stockholm, Sweden, e-mail: certifiedadviser@arctic.com, tel: +46 8 44686100.
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