Algebris Npl Fund and Cerberus European Investments €450 million acquisition of Banca Popolare dell'Emilia Romagna NPL portfolio

15/7/2016

Loan portfolio sale

Value:

€ 450 million

Dollar value:

$ 497.469 million

Status:

Completed

Date:

15/7/2016

Overview:

Algebris Npl Fund and Cerberus European Investments have acquired a €450 million NPL portfolio from Banca Popolare dell'Emilia Romagna (BPER).
€250 million was sold to Algebris, with €200 being sold to Cerberus.

Sam Duke - Editor

Jurisdiction:

Italy

Deal type:

Loan portfolio sale

Practice areas:

Banking
M&A

Governing law:

Italy

Industry sector:

Banking

Firms:

Freshfields Bruckhaus Deringer

Party: Cerberus (Acquirer)

Jones Day

Party: Algebris Investments (Acquirer)

Lawyer: Francesco Squerzoni

Orrick Herrington & Sutcliffe

Party: Banca Popolare dell'Emilia Romagna - BPER (Seller)

Lawyers: Annalisa Dentoni-Litta, Patrizio Messina

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