doValue
doValue is a leading independent credit and real estate servicer in Southern Europe, managing €136 billion in non-performing loans and real estate assets for banks, investors, and government entities across Italy, Spain, Greece, Portugal, and Cyprus.
- Company typePublic
- Founded2015
- HeadquartersMadrid, Spain
- Headcount—
- GTM typeB2B
- OfferingServices
What doValue does
doValue S.p.A. (formerly doBank) is a leading independent credit and real estate servicer in Southern Europe, publicly listed on Euronext Milan (ticker DV) in the STAR segment and headquartered in Milan, with operating hubs across Italy, Spain, Greece, Portugal, and Cyprus. Founded in 2015, the company manages €136 billion in Gross Book Value across non-performing loan (NPL), unlikely-to-pay (UTP), and early arrears portfolios, as well as real estate assets, on behalf of approximately 70 clients including banks, alternative investment funds, securitization vehicles, and government entities. doValue holds the highest servicer ratings from S&P ("Strong") and Fitch (RSS1-/CSS1-), positioning it as a top-tier operator for institutional mandates.
The company operates an integrated technology ecosystem comprising three proprietary platforms: MyRecovery (credit servicing and borrower management), MyProperty (real estate asset management), and MyAltamira (real estate servicing inherited from the 2019 Altamira acquisition). The platform is supported by a €45 million technology investment plan covering 2022-2024 and includes capabilities in data analytics, predictive modeling, and process automation applied across the recovery lifecycle, from borrower treatment to collateral disposal. Adjacent product lines include Yard Reael (real estate development) and minority stakes in QueroQuitar (digital debt cancellation) and BidX1 (digital real estate auctions), extending the firm's reach into digital distribution of borrower and asset solutions.
doValue's business model is fee-based and recurring, with revenue derived primarily from long-term servicing contracts priced as a percentage of assets under management or on a per-file basis. Reported gross revenues of €580 million and EBITDA of €217 million for FY2025 imply strong unit economics consistent with scale-driven servicing. With approximately 3,000 employees and operations in five countries, doValue is the largest credit and real estate servicer in Southern Europe by managed GBV, with leadership positions in Italy, Spain, and Greece.
doValue firmographics
Firmographics- Name
- doValue
- Legal name
- doValue Spain Servicing, S.A.
- Website
- https://dovalue.es
- Company type
- Public
- Founded year
- 2015
- Operating status
- Operating
- Short description
- doValue is a leading independent credit and real estate servicer in Southern Europe, managing €136 billion in non-performing loans and real estate assets for banks, investors, and government entities across Italy, Spain, Greece, Portugal, and Cyprus.
- Ownership category
- akta.pro rank
doValue industry classification
Industry- Product category
- Credit and Real Estate Servicing
- NAICS
- Offices of Real Estate Agents and Brokers (5312), Portfolio Management and Investment Advice (52394), Repossession Services (561491), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518)
- SIC
- Mortgage Bankers & Loan Correspondents (6162), Real Estate Agents & Managers (For Others) (6531), Services-Prepackaged Software (7372)
- akta.pro primary industry
- Loan Servicing & Special Servicing (Delinquency Management) (FSAKAJAG)
- akta.pro secondary industry
- Foreclosure/REO & Distressed Property Auctions (BPAJAEAF)
Keywords
Where doValue is headquartered
LocationHeadquarters
- HQ city
- Madrid
- HQ country
- Spain
- HQ region
- Europe
Offices6 records
Markets served
doValue business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Portfolio Management Services: Fee-based servicing through long-term contracts with banks and investment funds for management of NPL, UTP, early arrears and performing loans portfolios. Revenue generated through ongoing management fees.
- Real Estate Services: Services for management and commercialisation of real estate assets (REOs), including property transformation, sale and lease management. Revenue from real estate asset management and transaction facilitation.
- Legal Services: 360-degree legal services for businesses including legal backoffice, documentation preparation, legal due diligence, powers of attorney, procedural and insolvency management.
- Master Servicing Activities: Ancillary services including master legal services, due diligence services, data management services and master servicing activities.
Go-to-market motion2 records
Distribution channels2 records
Marketing channels9 records
doValue product offering
Product offeringCore offering
doValue is a servicer that manages credit portfolios (non-performing loans, unlikely-to-pay, early arrears, and performing loans) and real estate owned (REO) assets on behalf of banks, investment funds and other financial clients. The Group delivers integrated services spanning portfolio advisory and acquisition due diligence, loan recovery, real estate asset transformation, development (Ádsolum), and commercialization (Altamira Inmuebles), supported by three interconnected proprietary technology platforms — MyRecovery, MyProperty and MyAltamira — covering the full asset lifecycle.
Product overview
doValue is a leading servicer in Southern Europe operating a platform-based architecture with three interconnected technology platforms: MyRecovery (credit management), MyProperty (property lifecycle management), and MyAltamira (real estate commercialization). The company offers integrated financial asset management services including portfolio advisory, credit recovery, real estate asset management, development, and commercialization. doValue Group consists of doValue, doNext, doData and Altamira Asset Management, managing approximately €136 billion in assets across Italy, Spain, Greece, Portugal, and Cyprus. The rebranded Altamira brand handles real estate servicing while Ádsolum focuses on real estate development and Singularity markets new constructions.
Differentiator
Problem solved
Functional benefit
Brands
- MyRecovery: Credit management platform that increases credit recovery ratios with flexible, scalable and efficient integration with client systems
- MyProperty
- MyAltamira
- Altamira Inmuebles
- doNext
- doData
Products and services
- Portfolio Management and Counselling (Asesoramiento y gestión de carteras)
Quantifiable outcome
- Assets under management of €136 billion (GBV)
- +8 more outcomes
Companies that use doValue
Customer profileNamed customers4 records
Segments4 records
Ideal customer profiles3 records
doValue technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability5 records
Feature5 records
doValue partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered core.
- Conrado CaviróChief Investors Officer joining Altamira doValue Executive Committee in March 2022 to head the new Investor business unit. Previously at Hipogés and partner at Interpares law firm. Heads multidisciplinary team of ~150 professionals.
- Andrea MangoniCEO of doValue who assumed chairmanship of Altamira doValue Group on October 1, 2021, replacing Julián Navarro. Andrea Mangoni's appointment reflects doValue's major commitment to Spain and Altamira's position as the leading servicer on the Spanish market.
- Francesc NogueraCEO of Altamira doValue since March 2021 (designated February 2021), leading the company's transformation strategy focused on innovation and growth.
- Ádsolum Real EstatecoreSpin-off from Altamira doValue (December 2021) operating autonomously, offering national and international investors specialised value proposition for end-to-end real estate development and promotion (build-to-rent, build-to-sell, alternatives).
- SingularitycoreGroup's new-build marketing brand within the Altamira perimeter, specialised in marketing of newly-constructed properties.
- Altamira Asset ManagementdoValue acquired 85% stake in Altamira Asset Management in June 2019. Altamira operates as a brand specialised in real estate servicing within doValue Group. Operations in Spain, Portugal, Cyprus and Greece.
- doNextSubsidiary company within doValue Group, part of the Group composition alongside doValue, doData, and Altamira Asset Management.
- doDataSubsidiary company within doValue Group, part of the Group composition alongside doValue, doNext, and Altamira Asset Management.
- FPS (now doValue Greece)Greek servicing company acquired by doValue - 80% of share capital acquired from Eurobank SA (today doValue Greece) in 2020.
Scale indicators13 records
Recent moves15 records
Expansion highlights5 records
doValue competitors and assessment
Company assessmentDirect peers
- PRA Group: Global financial services company focused on non-performing loans, purchasing and servicing portfolios across Europe. Comparable to doValue on NPL portfolio acquisition advisory and ongoing servicing of bank and investor portfolios.
- EOS Group: European debt servicing and collections specialist operating in many countries including Spain. Compares directly to doValue on NPL servicing mandates, recovery operations, and B2B bank-client model.
- Lowell Group: European credit management group operating in the UK and other European markets. Comparable as a specialist servicer of consumer and SME NPL portfolios on behalf of banks and credit purchasers.
- Hoist Finance: European credit management and NPL servicing specialist with operations across Southern and Western Europe. Comparable to doValue as a focused debt purchasing and servicing platform targeting bank and investor clients.
- Hipogés: Spanish NPL/REO servicer with significant Iberian market presence, directly comparable to doValue's Altamira brand. Both compete for the same bank-servicing and REO commercialization mandates in Spain.
- Intrum: Pan-European leader in credit management and NPL servicing, operating across multiple countries including Italy and Spain. Directly comparable to doValue on NPL/UTP servicing mandates, special servicing credentials, and bank/investor client base.
- Banca Ifis: Italian bank specializing in NPL servicing, factoring, and leasing with significant exposure to the Italian non-performing loan market. Directly comparable to doValue on Italian NPL servicing scale and bank-to-servicer relationships.
- Arrow Global (TPG): European credit management and NPL servicing platform owned by TPG, with operations across multiple Southern European markets. Comparable to doValue on cross-border NPL portfolio servicing for banks and institutional investors.
Regional players
- Solvia (Sabadell): Spanish real estate servicer and asset manager owned by Banco Sabadell, active in REO management and property commercialization. Comparable to doValue's Altamira brand for Iberian REO servicing and real estate sales.
Broad incumbents
- Sareb: Spain's 'bad bank' (asset management company) holding large real estate and NPL portfolios. Comparable to doValue in the Spanish REO/NPL space as a major holder and outsourcer of distressed asset servicing work.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
doValue social profiles
Digital presencedoValue compliance and trust
Trust signalCompliance6 records
doValue financial estimates
Financial estimateRevenue estimate
Valuation estimate
doValue leadership team
Management profileNumber of profiles
Profiles8 records
doValue subsidiaries and ownership
Company hierarchySubsidiaries7 records
doValue funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
doValue M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about doValue
What does doValue do?
doValue is a servicer that manages credit portfolios (non-performing loans, unlikely-to-pay, early arrears, and performing loans) and real estate owned (REO) assets on behalf of banks, investment funds and other financial clients. The Group delivers integrated services spanning portfolio advisory and acquisition due diligence, loan recovery, real estate asset transformation, development (Ádsolum), and commercialization (Altamira Inmuebles), supported by three interconnected proprietary technology platforms — MyRecovery, MyProperty and MyAltamira — covering the full asset lifecycle.
Is doValue a public or private company?
doValue is a public company. It is classified as public and is currently operating.
When was doValue founded?
doValue was founded in 2015.
Where is doValue based?
doValue is headquartered in Madrid, Spain, in the Europe region.
How does doValue make money?
Four revenue lines are on record. Portfolio Management Services are the primary driver. The others are real Estate Services, legal Services and master Servicing Activities.
Who are doValue's main competitors?
Direct peers on record are PRA Group, EOS Group, Lowell Group, Hoist Finance, Hipogés, Intrum, Banca Ifis and Arrow Global (TPG). Solvia (Sabadell) is listed as a regional player. Sareb is listed as a broad incumbent.
Does doValue have an API?
No public API is recorded for doValue.
What industry is doValue in?
doValue's product category is Credit and Real Estate Servicing. Its primary akta.pro industry code is FSAKAJAG, Loan Servicing & Special Servicing (Delinquency Management), with a secondary code of BPAJAEAF, Foreclosure/REO & Distressed Property Auctions. Its NAICS code is 5312 and its SIC code is 6162.