Pollen Street Capital has announced a €75 million investment to acquire a portfolio of Public Sector Entities receivables, partnering with Collextion Services for effective management and operations.

Target Information

Pollen Street Capital is pleased to announce a significant investment of €75 million aimed at acquiring a portfolio of receivables from Public Sector Entities (PSE), currently managed by Officine CST. In this transaction, Pollen Street is collaborating with Collextion Services (CLX), a dedicated servicer and investment platform specializing in PSEs. CLX employs approximately 95 full-time equivalents (FTEs) and will take over as the primary servicer for this receivables portfolio.

This acquisition involves not only the transfer of servicing rights but also the integration of Officine CST's operational systems. Furthermore, key personnel, such as the CEO and Deputy CEO, along with the existing collection team, will be retained to ensure continuity and operational efficiency in managing the portfolio.

Industry Overview

The market surrounding Public Sector Entities in Italy has evolved significantly in response to regulatory changes and fiscal pressures. This has created an emerging opportunity for investment in PSE receivables portfolios, as traditional banking institutions often s