Bain Capital Special Situation has reached an agreement to acquire the the Andros Portfolio from Alpha Leasing, a subsidiary of Alpha Bank.

The Andros portfolio consists of Greek non-performing loans (NPL) and will, subject to regulatory consent, be acquired by Hellas Capital Leasing, a Greece leasing company wholly owned by funds managed or advised by Bain Capital.

This will be Bain Capital Special Situations’ seventh transaction involving European leasing portfolios, a sector in which it has acquired receivables with a c. €2.8 billion of gross book value.

Akin was the legal adviser of Bain Capital Special Situations in this agreement.

Original Story: Akin
Edition: Prime Yield