The company

Sagitta is currently managing Europa Immobiliare 1 (listed retail real estate fund under final liquidation) and Aster (real estate fund which owns a large residential development project named Milano4You) with current AuM of €50M.

The acquisition – and the relaunch program – of Sagitta SGR thanks to Europa Investimenti is part of a wider growth strategy of the Arrow Global group into the asset management and servicing business with a specific focus on the distressed asset market. The last August 2018, the SGR obtained the approval from the Bank of Italy to the change of control (Arrow) and the required authorization to launch new funds. Last January 28th the SGR obtained the authorization to set-up also credit funds and is now fully authorized under the Italian Law.

Sagitta SGR started a new phase of development and a new strategy, leveraging the human capital coming both from Europa Investimenti and Arrow to integrate the organizational structure of the SGR.

Corporate Governance

After the acquisition of the SGR from Arrow Global (indirectly through the acquisition of EI), the current shareholders of Sagitta SGR are:

  • Europa Investimenti S.p.A.: 95,64% (EI is fully controlled by Arrow Global);
  • Veneto Banca S.p.A. in L.C.A. (under compulsory liquidation): 4,36%.

The Board of Directors (BoD) of the SGR is composed by:

  • Mr. Avv. Sido Bonfatti (Chairman)
  • Mr Stefano Bennati (Vice-Chairman)
  • Mr Claudio Nardone (Chief Executive Officer)
  • Mr Alberto Manfroi (Independent Board Member)
  • Mr Massimiliano Ciferri Ceretti (Board Member)
  • Mr Carlo Bosello (Board Member)
  • Mr Emanuele Urbinati (Board Member)

The Supervisory Board is composed by:

  • Dott. Fulvio Cantori (Chairman)
  • Dott. Giovanni Giovannini
  • Dott. Andrea Maria Longo

Europa Investimenti is the leading Italian investor specialized in the single name distressed assets market. Founded in 1988, and among the first PE operators in Italy, post its successful relaunch in 2007 with a new focus on NPLs and special situations, EI has achieved high risk-weighted returns for its shareholders and co-investors with more than 70 transaction closed, extracting value from difficult situations like BCA, PBCA, compulsory liquidations, administrations, bankruptcies, debt restructuring compositions among creditors.

EI sources its investments opportunities from more than 120,000 bankrupted companies currently managed by the Italian Courts and from its strong network throughout the Italian market.

EI also invests in a wide range of single name NPLs (both secured and unsecured) and acquires portfolios of mid single name aggregate.

Website

Arrow Global Group Plc is a leading European asset manager, NPL investor and credit servicer, based in UK (headquarter in Manchester and offices also in London) and focused on the acquisition and management of NPL portfolios, bad loans, consumer credits. Arrow acquires and extract value from both single name NPLs and portfolios.

The group has grown significantly in the last 5 years, acquiring different businesses all over the Europe. The Italian strategy provided the acquisition of several investment platforms/servicers, including also Sagitta SGR, which are:

The Italian strategy is guided by Arrow Global Italy, sub-holding born to run the Italian business. Arrow has more than 2,100 employees in 5 countries (almost 400 in Italy).

Website

Key People

Sido Bonfatti

Sido Bonfatti
Chairman

Stefano Bennati

Stefano Bennati
Vice-Chairman

Claudio Nardone

Claudio Nardone
Chief Executive Officer

Massimiliano Ciferri Ceretti

Massimiliano Ciferri Ceretti
Board Member