Project Challenger & Colliseum
Value €9.1 billion
Alantra advises Banco Sabadell on the sale process of €9.1bn gross value of REO assets to Cerberus Capital Management.
The Transaction was structured through the transfer of two real estate portfolios commercially identified as “Challenger” and “Coliseum” to one or more newly incorporated companies, the share capital of which was transferred so that Cerberus owned an 80% interest in the NewCo’s share capital and Banco Sabadell the remaining 20% interest.
These Portfolios represented the vast majority of their REO exposure to date.
Following the closing of the transction, Solvia Servicios Inmobiliarios, S.L.U. continued to service on an exclusive basis the real estate assets included to the Transaction.
The Transaction contributed positively to enhancing the profitability of Banco Sabadell group, requiring the recognition of additional provisions with a net impact of approximately € 92 million, and create at the time a positive impact of circa 13 basis points on the capital ratio of Common Equity Tier 1 (fully loaded) of Banco Sabadell.
Jul 2023Sell-side advisoryJul 2023SECTOR FIGService M&A
Jun 2023Sell-side advisory - Tier 2 capitalValue £20,000,000Jun 2023SECTOR FIGService M&AValue £20,000,000
Jun 2023Securitisation – Sole arranger and financial advisorJun 2023SECTOR FIGService SFABS
Jun 2023Sell-side advisoryJun 2023SECTOR FIGService M&A