AMCO signs a binding agreement to acquire Exacta
AMCO SIGNS A BINDING AGREEMENT TO ACQUIRE THE EXACTA GROUP TO STRENGTHEN ITS SYSTEMIC ROLE IN MANAGING IMPAIRED LOANS FOR THE PUBLIC INTEREST
With the acquisition of Exacta, AMCO acquires an operating platform and know-how to support the PA in the recovery of unpaid local taxes
Milan, 24 February 2025. AMCO announces that it has signed a binding agreement with the permanent capital platform Eulero Capital and the Oreglia family to purchase 80% of the Exacta Group, which is active in managing unpaid taxes of local public administrations. The remaining 20% will be held by the founders and managers, providing managerial continuity and know-how to the company.
The acquisition is in line with the third pillar of AMCO’s 2024-2028 Strategic Plan “We Produce Value, which envisages new initiatives to manage impaired loans for the public interest, thus strengthening AMCO’s systemic role in the sector.
The transaction, once finalized, will allow AMCO to acquire an operating platform with high level of technological know-how, which is complementary to AMCO’s business, without overlaps and consistent with the current operating model. In this way, AMCO will contribute to optimise the collection of unpaid local taxes making it more efficient.
Exacta specialises in Public Credit Management, i.e. the judicial and extrajudicial recovery of unpaid taxes on behalf of local public administrations (i.e. municipalities, provinces and related entities).
Exacta is also active in two other business areas. The PA Consulting area offers local public administrations additional administrative, financial, legal and training consulting services, in synergy with the Public Credit Management business. Finally, the Private Credit Management area offers credit recovery services to private companies, with a particular focus on the utilities and telecommunications sectors1.
The consideration will be in cash, fully generated by AMCO’s operations, with no need to resort to third party financing. The transaction will be finalised by the first half of 1H2025, after obtaining authorisations from competent authorities.
AMCO was assisted by Equita as financial advisor, EY for due diligence services as industrial advisor and the law firm Chiomenti as legal advisor.
Eulero and the Oreglia family were assisted by Mediobanca as financial advisor and by the law firm Gatti Pavesi Bianchi Ludovici as legal advisor. Deloitte and Goetz carried out financial and commercial Vendor Due Diligence activities.
1Public credit management accounts for 64% of 2023 revenues, PA Consulting for 19% and Private Credit Management for 17%.
