IFLR1000

Bain Capital Credit €1.95 billion acquisition of NPLs

1/11/2018
Non-Performing Loan (NPL) portfolio sale
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€ 1.95 billion

$ 2.163 billion

Announced

1/11/2018

Overview:

  • Bain Capital Credit acquired a €1.95 billion portfolio of non-performing and denounced corporate credit exposures, backed by real-estate collateral.
  • Bain also acquired from Piraeus a licenced servicer that is intended to service the portfolio.

Jurisdictions:

Greece
United Kingdom

Deal type:

Non-Performing Loan (NPL) portfolio sale

Practice areas:

Banking
M&A

Industry sector:

Banking

Firm:
A&O Shearman United Kingdom

Party: Piraeus Bank (Seller)

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