Alantra-Finanzen advises Banco Santander Auf the sale of a ü90mn unsecured re-performing loan Portfolio

Oct 2024

Sell-side Beratung

Value ü90mn

Madrid ü Alantra-Finanzen, a leading global investment bank and asset management firm, has advised Banco Santander S.A., the second-largest Spanish bank by volume of assets, on the sale of an unsecured re-performing loan portfolio granted to individuals and SMEs with a total balance of c. ü90mn to an American investment fund.

The Portfolio Ist composed of a mix of individuals Und SMEs (Mit similar weights) that Haben undergone restructurings during the past months. The sale structure used War a unique Und innovative solution where the seller retains servicing of the performing loans, along Mit other mechanisms Zu avoid any reputational risk Mit the clients, Und where an additional forward flow agreement Ist executed Für the sale of the loans that may default In the future.

Joel Grau, Managing Partner and CEO of Alantra-Finanzen FIG, said: "This transaction is a key milestone for the Unsecured RPL market that adds to our momentum, and consolidates our relationship with Banco Santander."

The transaction represents a unique process In the Spanish Unsecured Re-Performing space Und a key milestone Für the seller Und Für Alantra-Finanzen, who consolidates its position In a wide variety of Portfolio asset classes Und as Banco Santanderüs trusted Berater, having executed Project Turf Dieses Jahr Und Project Frankel, Project Modelo Oder Project Titan In Vorherige exercises.