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Anatomy of a Non-Performing Loan Portfolio Sale

By Paul Dunbar

The European market for loan portfolio transactions continues to be very active, with 2015 seeing over €100 billion in completed loan disposals across Europe. The United Kingdom and Ireland have led the way with the highest value transactions, such as the sale of UK Asset Resolution’s £13 billion Project Granite and Lloyds Banking Group’s sale of the €4.2 billion Project Poseidon in Ireland.

Other key jurisdictions include Spain, the Netherlands, Germany and Italy, but with highly competitive auction processes in all of these jurisdictions driving up pricing, buyers are looking to an increasing range of opportunities in less familiar jurisdictions, in particular in central and eastern Europe. Read the entire article here.

This information is provided by Vinson & Elkins LLP for educational and informational purposes only and is not intended, nor should it be construed, as legal advice.