Alantra advises Millennium bcp on the sale of a €250mn portfolio

Oct 2024

Sell-side advisory

Value €250mn

Lisbon – Alantra, a leading global investment bank and asset management firm, has successfully advised Millennium bcp, the largest private bank in Portugal, on the sale of the risk of re-performing and non-performing corporate and SME credit exposures with a total unpaid balance of approximately €250 million.

The portfolio consists of large corporate and SME credit exposures predominantly secured by real estate, with a significant concentration in the top three names. Investor could onboard the loans into their designated vehicle and down the line subscribe a Unitranche issuance from a Portuguese securitization vehicle (STC).

The successful completion of this transaction underscores Alantra’s expertise in structuring complex credit solutions with tailor-made business plans in the Portuguese market across all credit asset classes. Alantra continues to demonstrate its capability in providing a wide range of credit solutions for its clients, building on the success of previous transactions, including a private synthetic securitization of short-term and medium-term SME and corporate exposures with the same seller.