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APS and EBRD invest in NPL portfolio in Romania
We are pleased to announce the successful completion of Project Delta on April 30, 2024. This significant transaction involved the acquisition of a participation in a portfolio of sub-performing and non-performing loans secured with real estate collateral in Romania, as well as unsecured loans, with a total transaction size of approximately €400 million. The portfolio comprised almost 1,800 loans, showcasing the scale and diversity of the assets involved.
The European Bank for Reconstruction and Development (EBRD) financed 30% share of the participation in the portfolio, with the remaining funding provided by APS funds and managed accounts. APS Investments, which has diligently worked on this transaction since February 2023, underwrote the process, ensuring a seamless and successful outcome.
"We are proud to have finalized the Project Delta transaction, which represents a significant achievement in one of our core markets," stated Martin Macho?, CEO and owner of APS Investments. "The collaboration of EBRD and APS has been instrumental in navigating this complex transaction."
"This is the largest NPL portfolio transacted in the last 4 years in Romania. We are glad to have supported EBRD and our investment branch with this strategic opportunity, once again solidifying our corporate asset portfolio", said APS Romania CEO, Radu Dobre.
The participation in the portfolio was acquired from Piraeus Bank, Greece, which successfully concluded the transaction, marking a strategic move in their divestment strategy.
The closing of the Project Delta transaction underscores our commitment to driving financial stability and growth opportunities in Romania, setting a positive trajectory for future endeavors in the region.
APS is a leading NPL investor and servicer active in 15 countries. APS currently manages over 100 NPL portfolios with a total nominal value of more than EUR 11 billion.
About APS Group
APS Group was established in 2004, and during its 18 years of existence, the company has managed to take a top position in 15 other countries. It operates mainly in the Central and South-Eastern European markets. The group's area of expertise consists of 3 pillars: distressed debt investments, alternative asset management, and real estate investments. APS Group currently manages 100 non-performing loan portfolios with a total nominal value of over EUR 11 billion.
About APS Romania
APS Romania was established in 2007 and currently operates with 250 employees. In 2022, its revenues were over EUR 7 million.