Reported about 1 month ago
Balbec Capital Management has acquired a portfolio of over €4 billion ($4.4 billion) worth of soured loans from LX Partners, marking one of the largest transactions of its kind in recent years. The portfolio includes more than 300,000 restructured and non-performing loans, primarily consisting of unsecured debt from small and medium-sized businesses. Balbec sees this acquisition as a re-entry into the Portuguese market due to the availability of ample non-performing loans and reduced competition.
Source: YAHOO