CMS has advised UniCredit Bulbank on the sale of a mixed non-performing loan portfolio, secured mostly by real estate assets, to a consortium of APS Holding and Balbec.
According to CMS, “the transaction, with a claim value of over EUR 50 million, consisted of a multi-phased sale bidding process organized among international and Bulgarian institutional players on the NPL market, including private equity firms, specialized investment vehicles, and loan management firms.”
The CMS team included of Partner Gentscho Pavlov and Associates Ivan Gergov and Desislava Anastasova.
