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Distressed Debt

Tages led the successful turnaround of Credito Fondiario S.p.A., a banking platform specialising in the management and servicing of distressed debt assets in Italy. Today, post the reorganisation of the Credito Fondiario business, Tages individual shareholders retain a minority stake, in partnership with Elliott Management. Credito Fondiario is now one of the top distressed debt operators in Italy with approximately €51 billion of serviced assets, €815 million of invested capital, and €366 million of equity capital.