A path of growth and diversification
The history and track record of the doValue Group since its listing on Borsa Italiana are remarkable
Growth led doValue towards a high degree of diversification, both in terms of geographies, clients and products.
Such diversification has been aimed at creating a more complete product offering for clients and a more balanced and complete investment proposition for shareholders in addition to offering more articulated growth paths to employees.
The way growth was achieved was mainly through the acquisitions of Altamira Asset Management and FPS in 2019 and 2020 respectively, now completely integrated.
In parallel, the acquisition strategy has also focussed on innovation, for example through the acquisitions of minority stakes in the fintech business QueroQuitar and proptech business BidX1, or by setting up the doLook NPL trading platform in JV with Debitos. These activities will further enhance doValue’s growth in the future.
doBank is established, today doValue, following the acquisition of UCCMB (UniCredit Credit Management Bank S.p.A.) by funds affiliated to Fortress
doBank acquires 100% of Italfondiario, one of the main operators in Italy in the management of performing and non-performing loans: the doBank Group is born, today doValue Group
doBank completes the listing process on the Milan Stock Exchange (now Euronext Milan)
doBank begins a reorganisation and “debanking” process (renouncing to its banking license), with the intention of further strengthening of servicing activities, and starts an expansion and diversification phase in Southern Europe
doBank signs a servicing contract (Project Solar) with 4 systemic Greek banks
doBank changes name and becomes doValue, concludes the banking license withdrawal proceeding and take the form of a servicing company
doValue completes the acquisition of an 85% stake in the capital of Altamira Asset Management, a prominent European player in the management of non-performing loans and real estate asset, with operations in Spain, Portugal, Cyprus and Greece
doValue completes the acquisition of 80% of share capital of Greek servicing company FPS from Eurobank SA (today doValue Greece).
doValue acquires a participation of c.10% in Brazilian fintech QueroQuitar and an approximately 15% stake in Irish proptech company Bidx1
doValue is admitted to the STAR segment of Euronext Milan