Vidoni Spa

Background

In the north-east of Italy, the most prestigious construction company for public works and roads suddenly went bankrupt.

Equipment highlights

The machines consisted mainly of earthmoving machines, drill rigs, road construction equipment and rolling stock of the most famous international brands (including Caterpillar, New Holland, Bobcat, Volvo, Komatsu, Ammann, JCB, Manitou, Terex, Casagrande, Bauer, Hamm, Voegele, Wirtgen, etc.).

Transaction

The owner and the leasing company, which owned the company’s equipment, organized a public tender. PIPM managed to outbid its competitors in both the bankruptcy sale and the sale by the leasing company.

Procedure

PIPM using its very extensive international network of buyers, intelligent remarketing tools within this sector and network of dismantling and international transport partners, sold all the assets within a short term and respected the tight timeframes set by the insolvency administration and the owner of the real estate.

Result

The property was handed back completely empty and broom clean to full satisfaction of all parties involved.