doValue

The roots of this financial institution can be traced back to the establishment of the Istituto di Credito Fondiario delle Venezie in 1949. It was originally conceived as a bank with a specialized focus on financing public works and public utility projects.[4] In a notable transformation, the bank transitioned from a statutory corporation to a "company limited by shares" (Italian: società per azioni) in 1992, adopting the name Credito Fondiario delle Venezie S.p.A..[5] In 1995, a merger occurred, uniting this institution with Mediocredito delle Venezie (a bank specializing in medium-term lending to industries) and Federalcasse Banca (an inter-bank lending institute for Veneto savings banks), giving birth to Mediovenezie Banca.[6][7][8] Mediovenezie Banca was initially affiliated with the Cariverona Banca Group and later became part of the Unicredito Group in 1995. By 1998, it was an integral component of the UniCredito Italiano Group.

In 2000, the lending business of Mediovenezie was transferred to a sister company, while the bank itself underwent a transformation, emerging as UniCredito Gestione Crediti, a bank specializing in credit management (Italian: gestione crediti).

By 2008, the institution had undergone a name change, becoming UniCredit Credit Management Bank. It also took on the responsibility of managing the non-performing loans (NPLs) that had previously belonged to the Capitalia Group. The year 2011 marked the absorption of Aspra Finance S.p.A. into UniCredit Credit Management.

As of December 31, 2012, the book value of the company was valued at €3.3 billion. In the following years, there were significant write-downs, with UniCredit writing down €620 million for the value of UniCredit Credit Management in 2013, reducing it to €2.7 billion. In 2014, a further write-down of €1.5 million was made.

The year 2015 brought about a pivotal transformation for the institution. UniCredit Credit Management, along with a portfolio boasting a gross book value of €2.4 billion in non-performing loans (NPLs), was sold to a private equity fund associated with the prominent Fortress Investment Group (Eurocastle Investment Limited acquired a 50% stake in doBank and the NPLs)[9]. Simultaneously, another entity, Prelios, acquired a stake for an undisclosed amount. The NPL assets of doBank were separately owned by Romeo SPV S.r.l. as of September 30, 2016, with doBank holding a 5% share of the SPV, Eurocastle Investment directly owning 47.5% (along with an additional 2.5% via doBank), while the remaining 47.5% was in the hands of other shareholders.

In 2016, doBank added to its portfolio by acquiring Italfondiario from Fortress.[10]

The year 2017 marked a significant milestone in the company's history when doBank became a publicly listed company.[11]

June 2019 witnessed another transformation as the company rebranded itself as doValue and relinquished its banking license.[12] At the end of June 2019, doValue made a significant acquisition by acquiring 85% of Altamira Asset Management, a company active in the problematic credit sector with a presence in countries such as Spain, Portugal, Cyprus, and Greece. The deal was valued at 360 million euros, solidifying doValue's position in the European market.[13]

On June 5, 2020, doValue achieved yet another significant milestone by completing the acquisition of an 80% stake in Fps, a Greek servicing company, from Eurobank for 211 million euros.[14]