The Balbec – LX Partners consortium, the UK fund LCM Partners and Arrow Global are the three candidates selected by BCP to submit binding offers for the purchase of a €90 million portfolio of non-performing loans (NPL) from the bank headed by Miguel Maya.

The so-called ‘Swift project’, which consists of unsecured NPLs, will receive binding offers on 18 September, according to Jornal Económico.

Earlier this year, BCP sold a €265m portfolio of single names, or loans from major clients in default, known as the Spring project, which our sources say was bought by Arrow Global.

The Balbec – LX Partners consortium, the UK fund LCM Partners and Arrow Global, who are in pole position to buy the Swift project, are the same candidates to buy a portfolio of non-performing loans from the KKR fund, called the Nata project, which consists of the resale of a portfolio bought by Novobanco in 2018, made up of NPLs with guarantees (secured), and whose binding proposals must be submitted on 2 October.

Fonte: Jornal Económico | Author: Maria Teixeira Alves
Edition and translation: Prime Yield