Hoist Finance €618 million acquisition of Banco Popolare NPL portfolio

14/10/2016

Loan portfolio sale

Value:

€ 618 million

Status:

Completed

Date:

14/10/2016

Overview:

Hoist Finance, through its SPV Mars, has acquired a €618 million portfolio of NPLs from Banco Popolare.
The portfolio consists of 9000 unsecured bad debts.

Sam Duke - Editor

Jurisdiction:

Italy

Deal type:

Loan portfolio sale

Practice areas:

Banking
M&A

Industry sector:

Banking

Firms:

Bonelli Erede Lombardi Pappalardo

Party: Banco Popolare (Seller)

Lawyer: Paolo Oliviero

Studio Legale Cappelli RCCD

Party: Hoist Finance (Acquirer)

Lawyers: Camilla Giovannini, Guido Masini

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