Fingiaco assist Centauria in the arrangement with creditors

Fingiaco with a team led by partner Leopoldo Varasi and senior manager Marta De Matteis assisted the publishing house Centauria in the composition with creditors started at the Court of Milan and approved by decree of 25th June 2021.

Centauria was established in 2013 for the acquisition of the “Fabbri Collezionabili” business unit of Fratelli Fabbri Editori. Over the last few years, for various reasons including the negative trend of the sector, the margins of Centauria products have progressively reduced. Looking for the most efficient tool to manage the crisis, the company therefore requested and obtained the approval of the composition with creditors started at the same Court of Milan.

The composition plan prepared by the company is mainly based on the direct continuation of the business activity, pursuant to art. 186-bis bankruptcy law. Through a careful analysis of the business trend and market prospects, the focus on the genres with higher margins, the efficiency of the distribution policy and a radical cost revision, Centauria confirmed its earning capacity.

The restructuring operation will allow Centauria not only to settle its debt exposure but also to proceed, while preserving current employment levels, with a targeted relaunch of its business activities.