Arendt advises EOS on the establishment of a new NPL investment platform

EOS Group has launched a new investment platform to invest in non-performing loans and distressed real estate in Eastern Europe

11/10/2022

DEAL - INVESTMENT MANAGEMENT

Luxembourg, 11 October 2022 - EOS Group, a member of the OTTO Group and a leading technology-driven investor and service provider in the receivables management industry, has launched a new investment platform to invest in non-performing loans and distressed real estate in Eastern Europe, focusing on Croatia, Serbia, Bosnia and Herzegovina and Romania.

The investment platform has been launched in cooperation with the International Finance Corporation (IFC), a member of the World Bank Group and the largest global development institution focused on the private sector in emerging markets.

The platform will leverage on EOS’ proven track-record in purchasing and resolving non-performing loans and distressed real estate in the region.

Environmental, social and governance aspects will represent key elements in selecting and processing NPLs and real estate and form an integral part of the investment process.

The committed investment volume from EOS and IFC will amount to EUR 129 million over three years.

The broader objective of the platform is to provide additional liquidity solutions for banks and financial institutions, thereby helping to finance the economy in the region, in the wake of the Covid-19 crisis and the current economic situation.

EOS and IFC have been advised on Luxembourg legal and regulatory matters by a team from Arendt specialising in investment funds and asset management matters, led by partner Nicolas Bouveret.

 

Arendt Investment Management team involved

Nicolas Bouveret, Partner, Pedro Alberto García Gimeno, Associate and Eduard Westreicher, Senior Associate.

Contacts

Nicolas Bouveret

Partner

Investment Management, Private Equity & Real Estate

Pedro Alberto García Gimeno

Associate

Eduard Westreicher

Senior Associate

Private Equity & Real Estate

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