Alantra advised BBVA Portugal on the sale of a portfolio of non-performing loans (NPLs) and properties received as collateral. The value of the portfolio was not disclosed.

The portfolio consisted of two distinct segments: a segment of secured NPLs, predominantly backed by high-end residential properties, and the seller’s entire exposure to properties received in lieu of payment.

Alantra said in a statement that it ‘played a key role in designing and executing a competitive sale process, ensuring strong investor engagement and aligning bidder expectations.’

This mandate also represents BBVA’s first portfolio sale in Portugal and reflects the trust placed in Alantra by long-standing clients, as the firm continues to support the group in various regions.

Joel Grau, partner at Alantra, believes that “this transaction clearly demonstrates our end-to-end execution capabilities in NPLs and secured repossessed properties. We are proud to have supported BBVA Portugal in achieving this strategic milestone and look forward to continuing our collaboration in different markets.”

This transaction reinforces Alantra’s recent track record of advising financial institutions, including the sale of Hipoges to Finsolutia, with the support of Pollen Street Capital; the transfer of a €450 million portfolio of non-performing SME assets from Alpha Bank to Waterwheel Capital Management; the securitisation and transfer of a €300 million NPE portfolio from Piraeus Bank to an affiliate of Waterwheel Capital Management; and the sale of performing credit exposures from Banco Santander Totta.

Original Story: Jornal Económico | Autor: Maria Teixeira Alves
Edition and translation: Prime Yield