IQ-EQ, a portfolio company of Astorg, has agreed to acquire Zenith Global, marking its entry into the Italian securitisation market and enhancing its global service capabilities.

Information on the Target

IQ-EQ, a portfolio company of Astorg, has reached an agreement to acquire Zenith Global, an independent provider specializing in solutions for securitisation and structured finance transactions in Italy. This acquisition marks IQ-EQ's first operational venture into Italy, a significant growth market that will enhance the company's global capital markets and structured finance offerings.

Zenith Global, established in 1999, provides a comprehensive suite of securitisation services, which includes Special Purpose Vehicle (SPV) and corporate servicing, as well as portfolio servicing functionalities. The firm has developed considerable expertise in real estate securitisation and is renowned in the Italian market for its innovative and sophisticated financial structures, serving a robust clientele that includes leading private equity firms and banks. With over 200 employees across its offices in Milan and Rome, Zenith has established itself as a key player in the Italian securitisation services sector, managing more than 270 SPVs and approximately €50 billion in assets as a master servicer.

Industry Overview in Italy

The securitisation industry in Italy has experienced significant growth in recent years, driven by increasing demand for innovative financing solutions from both institutional investors and corporations. The regulatory environment, supportive of securitis