Transaction details

Ethica Debt Advisory advised Crif S.p.A. in structuring a financing granted by Simest

Crif, founded in Bologna in 1988, is a global company specialized in the development and management of credit information systems, business information and decision support.

The loan is intended to support the expansion of the Bologna-based company in Turkey.

Carlo Gherardi, Crif’s CEO, said: “Turkey, despite growing at a fast pace, still has great potential, as the business of credit information and risk management is still almost a green field. For such reason, we followed it with attention for some time looking for the right opportunity to get in”.