Hoist Finance €618 million acquisition of Banco Popolare NPL portfolio

14/10/2016
Loan portfolio sale

€ 618 million

Completed

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:

Party: Banco Popolare (Seller)

Lawyer: Paolo Oliviero


Party: Hoist Finance (Acquirer)