Țuca Zbârcea & Asociații completes disposals of NPL portfolios worth EUR 1.33 billion

Romanian independent outfit Țuca Zbârcea & Asociații advised APS Holding, a leading company in investment, management, and recovery of loan portfolios and real estate within Central and South-Eastern Europe. APS Holding acquired two portfolios of non-performing loans (NPL) with the nominal value of EUR 1.33 billion in Romania. Completion of the deal was announced on July 28th.

The team acting for APS Holding was led by Partner Mihai Dudoiu and Managing Associate Gabriela Anton.

The first portfolio includes secured and unsecured corporate and SME loans, with the secured positions held against mostly residential, commercial and industrial property. Nominal value of the portfolio exceeds EUR 1.07 billion. The portfolio was acquired from major international bank active on Romanian market. Investors are International Finance Corporation, a member of the World Bank Group, APS, distressed debt investment and recovery company and other global institutional investors. The transaction is the largest ever of its type in the South Eastern Europe region.

The second portfolio was acquired from Intesa Sanpaolo Bank Romania. Nominal value exceeds EUR 261 million. Portfolio includes secured and unsecured corporate loans and secured and unsecured retail loans, with the secured positions held against mostly residential, commercial and industrial property. Investor is APS Delta securitization vehicle representing APS Holding supported by other institutional investors, such as AnaCap Financial Partners.