Sardex relaunches the fintech challenge: Crowe Bompani Advisory leads the success of the negotiated settlement

Sardex S.p.A., a company active in the development of commercial credit circuits and fintech solutions to support the real economy, has successfully concluded the negotiated settlement of the crisis, reaching an agreement pursuant to Article 23, paragraph 1, of the Italian Corporate Crisis and Insolvency Code, signed with the consent of creditors and the appointed expert, Dr. Renato Macciotta.

The operation involved the overall reorganization of the company's financial, commercial, and tax exposure and made it possible to define a recovery plan suitable for ensuring business continuity and the best satisfaction of creditors, while laying the foundations for the relaunch of activities in the reference market.

THE ADVISORS

Crowe Bompani Advisory, with a team led by partner Lorenzo Barra and supervisor Carlo Maria Ludovici, assisted Sardex S.p.A. as financial advisor in the preparation of the economic and financial plan and in the definition of the financial maneuver, supporting the company in its discussions with creditors and other stakeholders involved in the procedure.

Pedersoli Gattai, with a team composed of Sergio Fulco and Alessandra Zanotti, assisted the company as legal advisor, handling the legal aspects of the procedure and supporting negotiations until the formalization of agreements with creditors.

The firm Bernoni Grant Thornton, with a team led by partner Fabrizio Garofoli, was responsible for auditing the accounting data underlying the plan underlying the agreements pursuant to Article 23, paragraph 1.