Cases & Deals

Alternative Capital Partners SGR SpA structures trade receivables securitization originated by various companies

Client(s) Alternative Capital Partners SGR SpA

Jones Day advised Alternative Capital Partners SGR SpA in connection with the structuring of an innovative transaction involving the establishment of a securitization platform for the purchase of trade receivables originated by various companies established under Italian law. The transaction has been completed with the issuance, by the securitization vehicle “SMAC SPV 1 S.r.l.”, of asset-backed securities with “partly-paid” structure which have been entirely subscribed for by the “SMAC Fund” managed by Alternative Capital Partners. (Italian Trade Receivables Securitization Platform)