LONDON, 22 March, 2021 – Metric Capital Partners LLP (“MCP”), announces the acquisition of multiple portfolios of Non-Performing Loans and Real-Estate Owned assets (“the Portfolios”).
The Portfolios consist of more than 3500 secured loans backed by real estate and portfolios of approximately 1000 real estate assets in Spain. The total outstanding balance of the portfolio is approximately € 630 million.
MCP partnered with Albatris (together, the “Consortium”) on the transaction. Albatris is an alternative investment management firm, focusing on tailored credit investments with extensive experience in distressed debt and non-performing loans.
John Sinik, Managing Partner of MCP commented: “The acquisition demonstrates our ability to complete highly complex transactions in challenging market conditions. Our partnership with Albatris enables us to further expand our presence in the European real estate credit market.”
Arash Talebinejad, Managing Partner and CEO of Albatris commented: “We are excited to expand our presence in the Spanish non-performing credit market. We are further looking to capitalize on current investment opportunities and continue to build a broader platform with the Consortium on the back of this transaction.”
This is MCP’s sixth investment in Spain and its first portfolio acquisition in the country. To date MCP has invested approximately € 300 million in Spain.
Support in executing this deal for the Consortium was provided by, Gescobro, Virgata, Garrigues, White & Case, Arendt and Wistrand.
About Metric Capital
Established in 2012, Metric Capital Partners (www.metric-capital.com) is a European private capital investment management firm headquartered in London with offices in Paris, Madrid, Munich, Stockholm and Luxembourg. The firm invests in structured opportunities across Europe.
Metric Capital Partners has raised in excess of €2.6bn of capital over four funds since its inception.
For further information please contact:
John Sinik, Managing Partner, Metric Capital Partners, Tel: +44 (0) 203 540 1550
Bjørn Tessiore, Partner, Metric Capital Partners, Tel: +44 203 540 1551
Lukas Zeitlberger, Senior Principal, Metric Capital Partners, Tel: +44 (0) 7835 297
Miguel Lasso, Investment Director Spain, Metric Capital Partners, Tel: +34 (0) 626 06 24 80