APS acquire €1,3 billion NPL portfolios in Romania

Tuesday June 28th, 2016

APS Holding a. s. (APS) has achieved the successful completion of the acquisition of two portfolios of non-performing loans (NPL) with the nominal value of €1.33 billion in Romania.

The first portfolio includes secured and unsecured corporate and SME loans, with the secured positions held against mostly residential, commercial and industrial property. Nominal value of the portfolio exceeds € 1.070 million. The portfolio was acquired from major international bank active on Romanian market.

Investors are International Finance Corporation, a member of the World Bank Group, APS, distressed debt investment and recovery company and other global institutional investors. Closed transaction is the largest ever of its type in the South Eastern Europe region.

The advisor role was fulfilled by APS investment and recovery professionals and KPMG team with legal support from Tuca Zbarcea & Asociatii, real estate support from Syndre Valuation Coldwell Bankers, while Dentons structured the transaction. Portfolio will be serviced by APS with the help of Homeland Properties for Real Estates.

The second portfolio was acquired from Intesa Sanpaolo Bank Romania. Nominal value exceeds €261 million. Portfolio includes secured and unsecured corporate loans and secured and unsecured retail loans, with the secured positions held against mostly residential, commercial and industrial property. Investor is APS Delta securitization vehicle representing APS Holding supported by other institutional investors, such as AnaCap Financial Partners.

The advisor role was fulfilled by APS investment and recovery professionals with legal support from Dinulescu & Maxim, Savin & Asociații and Dentons, real estate support from Syndre Valuation and Coldwell Bankers. Portfolios will be serviced by APS with the help of Homeland Properties for Real Estates.

The acquisitions add to APS’s existing advised credit funds, which includes 75 NPL portfolios with a total nominal value above €4.5 billion.

Martin Machon, CEO of APS Holding, comments: “We are pleased to have successfully completed acquisitions of these landmark transactions and improved our outstanding position in the South Eastern Europe market. Our previous acquisitions in the region provided us with valuable experience in the segment of corporate and retail distressed debts. We also value cooperation with our long term investment partners across the region.”