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CarVal Investors / RNHB €1.3 billion acquisition of FGH Bank loan portfolio

30/7/2018
Securitisation, Non-Performing Loan (NPL) portfolio sale, Loan portfolio sale
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£ 1.3 billion

$ 1.440 billion

Announced

30/7/2018

Overview:

  • CarVal Investors and RNHB have agreed to acquire a loan portfolio with an outstanding balance of approximately €1.3 billion from FGH Bank.
  • The acquisition is funded through a combination of equity from the CarVal/Arrow funds, a new debt financing with Morgan Stanley and an increased existing debt facility from HSBC.

Prin Shasiharan - Researcher

Jurisdictions:

Luxembourg
Netherlands
United Kingdom

Deal types:

Securitisation
Non-Performing Loan (NPL) portfolio sale
Loan portfolio sale

Practice areas:

Capital markets : Structured finance and securitisation
M&A

Industry sector:

Financial services

Firms:
A&O Shearman

Party: FGH Bank (Seller)

Arendt & Medernach

Party: CarVal Investors (Acquirer)

Party: RNHB (Acquirer)

Freshfields Bruckhaus Deringer

Party: CarVal Investors (Acquirer)

Party: RNHB (Acquirer)

Lawyer: Mandeep Lotay

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