Farmafactoring is incorporated by a group of Italian and multinational pharmaceutical companies and biomedical equipment manufacturers moved by the need to have a sole contact point in the complex activity of credit management a peculiar industry such as that of the National Health Service
The Company's activity is extended to cover also the Public Administration sector, a proverbially critical sector when it comes to payments.
Farmafactoring actively participates alongside with the Regions and the LHAs (Local Health Agencies) to the common effort of finding a solution to the problem of health receivables intervening with targeted and direct regional agreements with the various providers, category associations, industry operators, as well as promoting securitisation transactions for the same health receivables.
Farmafactoring is awarded with the Guido Carli/Lombard Elite Prize, as best factoring company, thanks to a healthy and well balanced corporate management, leading to a constant growth in the role as financial intermediary within the Public Administration.
An important change takes place in the shareholding structure: the controlling package is transferred to FF Holding Spa, a company 100% owned by Apax Partners funds, a major private equity group worldwide, with the purpose of expanding and developing the company's business.
Farmafactoring España was incorporated in Madrid to offer in the Spanish market a similar service to what is provided in Italy.
During 2013 the transformation into Banca Farmafactoring takes place, by so doing continuing along the path of strengthening the company in guarantee of the services offered to its clients and the reference market.
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The first bond issue is placed for an aggregate nominal amount of Euro 300mln.
The online deposit account Conto Facto is launched, i.e. Banca Farmafactoring's first retail product.
The prestigious IFE 2014 drawn up by the important Lombard publication, awards Banca Farmafactoring with the prestigious leadership in the category of Italian factoring companies.
The Spanish branch of Banca Farmafactoring is incorporated in Madrid and the online deposit account Cuenta Facto is launched in the Spanish market.
The TOP 250 EU BANKS ranking issued by "The Banker" sealed several achievements by Banca Farmafactoring:
- 1st EU bank for Return on Equity
- 2nd EU bank for Assets Grow
- 2nd EU bank for Return on Assets
- 3rd EU Bank for Cost to Income Ratio
An important change takes place in the shareholding structure: the controlling package is transferred to BFF Luxembourg S.à r.l., a company owned by Centerbridge Partners Europe L.P..
Banca FarmafactoringHeadquarter and registered office
via Domenichino 5 - 20149, Milano
Banca Farmafactoringvia Bertoloni 1/E int F - 00197, Roma
Farmafactoring España S.A.Avda Diagonal 640 - 08017 Barcelona
Banca FarmafactoringSpanish Branch
C/Luchana, 23 - 28010 Madrid
Farmafactoring España S.A.Headquarter and registered office
C/Luchana, 23 - 28010 Madrid
Magellan S.A.Al. Marszałka Józefa Piłsudskiego 76, 90-330 Łódź
Magellan Česká republika s.r.o.Nádražní 29/21, 150 00 Praha 5 – Smíchov, Česká republika
Magellan Central Europe s.r.o.Mostová 2, 811 02 Bratislava