Alantra advises Gardant on the sale of a secondary secured NPL portfolio to Veld Capital
ServiceCredit Transaction
Value €170 million
Italy – Alantra the global investment banking and asset management specialist, is pleased to announce that it has acted as sole financial advisor to Gardant S.p.A. (“Gardant”, a leading Italian servicing and investment management platform, on the sale of a Non-Performing Loans (“NPL”) secured portfolio with a Gross Book Value (“GBV”) of c.€170m to Veld Capital (“Veld”).The portfolio was comprised of credit exposures towards private individuals and SME borrowers almost entirely secured by 1st lien mortgages. The portfolio comes out from the c.€7.4bn Leviticus securitisation assisted by GACS where Gardant acts as master and special servicer of the securitisation.