Bain Capital Credit, LP signed a binding agreement to acquire Progetto Morgana from Banca Monte dei Paschi di Siena S.p.A. during the last week of December 2018. In a related transactions, Fire S.p.A., Balbec Capital LP, IFIS NPL S.p.A. and Credito Fondiario S.p.A. acquired a portfolio of unsecured consumer credit non-performing loans from Banca Monte dei Paschi di Siena S.p.A. (BIT:BMPS) and Banca Monte dei Paschi di Siena S.p.A. also sold a portfolio of €0.4 billion of UTPs. The transaction will be completed in the year 2019.