Transactions

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  • Kitra Advisory assisted the Commissioner as the exclusive financial advisor under the "resolution" plan for Eurovita.

    Following Eurovita's crisis and the temporary suspension by IVASS of policyholders' right to exercise surrenders regulated by insurance and capitalization contracts, the five largest insurance companies active in Italy - Generali, Allianz, Intesa Sanpaolo Vita, Poste Vita and Unipol SAI - together with the 25 banks distributing Eurovita policies entered into a system solution agreement, without the use of public resources a with the primary objective of protecting policyholders.

    The entire transaction, which will be subject to obtaining all regulatory approvals from the relevant supervisory authorities, is a clear sign of confidence for the market and Eurovita's clients.

  • Kitra Advisory acted as financial advisor to IBL Bank in the acquisition of Net Insurance via a voluntary tender offer.

    IBL Banca, joint with Poste Vita, has acquired a 100% stake of Net Insurance, an insurance company offering credit and insurtech-related insurance coverage through agreements with technology partners. The Voluntary Takeover was aimed at acquiring all issued and outstanding shares and warrants with consequent delisting from Euronext Milan, STAR Segment.

  • Kitra Advisory advised the BCC Iccrea Group on the sale of its non-life and life bancassurance companies

    The BCC Iccrea Group has announced the establishment of a long-term partnership for its bancassurance, non-life and life insurance companies. Specifically, Iccrea Banca sold 51 percent of BCC Assicurazioni S.p.A., the bancassurance vehicle in the BCC Iccrea Group's non-life division, to Assimoco S.p.A. and 51 percent of BCC Vita S.p.A., the bancassurance vehicle in the BCC Iccrea Group's life division, to BNP Paribas Cardif SA.

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M&A Advisory

  • Kitra Advisory is acting as financial advisor to the shareholders in the disposal of a leading insurance brokerage firm.

  • Kitra Advisory is acting as financial advisor to an international insurance group in the potential acquisition of an Italian non-life company.

  • Kitra Advisory is acting as financial advisor in the disposal of the bancassurance agreements of a leading banking group.

  • Kitra Advisory is assisting an Italian banking group in potential M&A transactions.


Strategic Advisory

  • Kitra Advisory is acting as financial advisor to real estate group in the restructuring of some group companies.

  • Kitra Advisory is assisting a film production and distribution company in updating its strategic plan.

  • Kitra Advisory is acting as strategic advisor to a film production company in seeking new potential investors.

  • Kitra Advisory is acting as strategic advisor in the consolidation activity of a banking group into a factoring company.

Debt Advisory | Restructuring

  • Kitra is financial advisor as part of the potential settlement agreement between shareholders of a leading industrial company.

  • Kitra Advisory is acting as financial advisor to a factoring company in the potential acquisition of unsecured NPE loans portfolio.

  • Kitra Advisory assisted a banking group as financial advisor in the issuance of a subordinated bond.