Cerberus Capital Management bags 57% stake in Officine CST

Cerberus Capital Management has purchased a 57 per cent stake into credit management platform Officine CST.

The firm bought the stake from Officine’s founder and CEO Gianpiero Oddone and some other existing shareholders. Following the deal, Oddone will continue as the CEO and hold a share of 28 per cent in the company.

As part of the transaction, Cerberus senior advisor Roberto Nicastro will serve as a non-executive chairman.

Rome-headquartered Officine offers an integrated credit management solution to enterprises such as banks, institutional investors, utilities, and multinational companies, as well as SMEs. The company currently manages in more than €16m in claims, according to the company.

Founded in 2004, the company operates in the origination, analysis, assessment, certification, management, non-recourse transfer, and recovery of credit portfolio amounts.

Officine CST CEO Gianpiero Oddone said, “Cerberus becoming a strategic partner and investor is a great chance to accelerate our growth and further develop our technological platform to service both large companies and small and medium-sized enterprises.”

Through the partnership, Officine also hopes to strengthen its competitive position and move towards it ‘potential’.

Last week, integrated credit management platform AsiaCollect reportedly received a $4.5m funding round led by SIG Asia Investments. The company provides organisations with credit management services (CMS) such as CMS outsourcing, advisory services, debt purchasing and SaaS technology.

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