Hipoges is extremely pleased to announce that it has just completed the acquisition of a majority interest in Axis S.p.A, an Italian servicing platform with offices in Rome and Milan and with more than €2b of asset under management in residential, commercial and consumer loans.
Axis S.p.A was founded in 2019 by Alessandro Celi and a group of very experienced managers in the servicing business for NPL and UTP in Italy and has been able to show an impressive track record in a very short period of time. With the acquisition of Axis, Hipoges is planning to establish and quickly expand its operations in Italy, a market that it considers key in its European expansion and to be able to provide to its clients a unique platform with the same quality, dedication and professionalism that it has been deploying in its more than ten years of history in the Spanish, Portuguese and Greek market.
Alessandro Celi “good deal for everyone involved! Hipoges will step into the Italian servicing market quickly, smoothly and with a scalable platform, (…) the outgoing Axis shareholders have gained a fair return (…) and the current Axis management team, which still remains invested with a minority but significant stake, will benefit from the cross-fertilization with other European countries where Hipoges has demonstrated a great capacity for growth in terms of volumes, range and level of services for its customers”. For Hipoges, the acquisition of Axis sets a new milestone in the establishment of a truly pan European platform and confirm its strong focus in diversifying into new geographies and products looking for the best operating partners that can fit with its vision and values.