DoValue, Hipoges (KKR) and Anticipa-Aliseda (Blackstone), three of the largest servicers in Spain, have major management contracts due for renewal in Spain before the end of 2025.

Specifically, DoValue’s rights to a Santander portfolio (approximately €20 billion) and Hipoges’ (€14 billion) and Anticipa-Aliseda’s (11,400 million) rights to the Sareb portfolio will expire by that date. In total, around 45 billion, according to figures from Atlas Value Management, which EL ESPAÑOL-Invertia has had access to.

It should be recalled that the management of a Cajamar portfolio, in which Haya Real Estate – now Intrum – held a number of rights, was also due to expire this year. Last July, the Almeria-based rural savings bank announced that it would manage all the assets internally and would not renew the contract with Intrum. Intrum had been managing the assets for 10 years and had a total of 7.4 billion in assets at the time of the crisis.

Once this first round of renegotiations is complete, it will be Intrum, currently the largest servicer in Spain in terms of volume, that will have to put on the overalls.

In 2026, their rights to a €4 billion portfolio from CaixaBank, another €3 billion from BBVA – inherited from Haya – and another €2.5 billion from Ibercaja expire. In 2027, they also have another portfolio from CaixaBank, also inherited from the company acquired in 2023, for €9.600 billion.

Source: El Español | Author: Diego G. Camporro
Translation and edition: Prime Yield