Although billion dollar-plus NPL deals may be fairly common in Europe, China’s market offers fewer big ticket opportunities for international investors.
2 min read · 18 September 2017
Spain’s ‘bad bank’ is selling a pool of non-performing residential loans with a face value of around €400 million in a pilot scheme.
2 min read · 11 September 2017
Sales at Banco Popular and BBVA, however, are a substantial chapter in the country’s broken debt clean-up story, writes Juan Barba, managing director at Meridia Capital.
3 min read · 28 August 2017
The New York-based firm will finance the deal mostly through debt as it uses equity from its €7.8 billion Europe V fund.
3 min read · 09 August 2017
Spanish bank Banco Popular has entered exclusive talks with Blackstone over the sale of a majority stake in its €30 billion property portfolio, the bank said in a statement released on Monday. Blackstone has agreed to acquire 51 percent of Popular’s portfolio, comprising repossessed assets worth an estimated €18 billion and €12 billion of non-performing […]
2 min read · 01 August 2017
Slovenian lender Abanka is selling a portfolio of European non-performing loans (NPLs) with an original value of about €246 million. The country’s third largest bank said the portfolio comprises “well-diversified” non-performing loans against a variety of different companies, the majority of which have real estate assets as their collateral. The sale process, currently in its […]
1 min read · 25 July 2017
Bain Capital Credit has taken its first step into the Portuguese market with the acquisition of real estate loans that have a total outstanding balance of €476 million from a local bank, as well as loans from a Spanish bank at a par value of €489 million.
2 min read · 12 July 2017
Spain’s Banco Santander is planning to sell the property exposure of the recently-purchased Banco Popular at a discount of up to 40 percent, according to Spanish news agency Europa Press.
2 min read · 28 June 2017
London-based asset manager Algebris has agreed to acquire a portfolio of non-performing loans secured against mortgages with a gross value of €693 million from Italian bank Banco BPM.
2 min read · 16 June 2017
New York-based hedge fund Davidson Kempner is back in the market raising its latest distressed debt fund, which will focus on European loan portfolios including real estate.
2 min read · 09 May 2017
