Deutsche and PE firms in Romanian loan grab

Bucharest px230
By Tom Porter
28 Jul 2014

Deutsche Bank and private equity firms AnaCap Financial Partners and HIG Capital have completed the acquisition of a €495m portfolio of non-performing loans backed by property and land in Romania from Volksbank Romania.

The portfolio contains 3,566 loans backed by a mix of primarily residential real estate, commercial real estate and development land, and includes non-performing and sub-performing loans.

The transaction is the largest of its kind in Romania, AnaCap said on Monday.

Private equity firms have been scouring Europe’s periphery ...

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