WKB has advised LCM Partners on its acquisition of three investment certificates from Kredyt Inkaso Portfolio Investments and Kredyt Inkaso. Baker McKenzie reportedly advised Kredyt Inkaso.
LCM Partners is a European alternative investment fund manager.
Kredyt Inkaso focuses its activities on investing in debt portfolios and servicing them at all stages of overdue debt. In addition, it provides debt management services to other financial entities via outsourcing
According to WKB, the investment certificates are in three Polish closed-end investment funds including Kredyt Inkaso I NFIZW, Kredyt Inkaso II NFIZW, and Kredyt Inkaso III NFIZW. The acquisition also included a portfolio of non-performing receivables from Kredyt Inkaso Portfolio Investments, to be transferred into one, or more, of the funds. "The agreed upon purchase price exceeds PLN 540 million (and is subject to adjustments). This investment will be made by funds advised by LCM under its Credit Opportunities strategy."
The WKB team included Partners Agata Szczepanczyk-Piwek and Jakub Jedrzejak, Senior Associates Agnieszka Bartolik and Sebastian Wozniak, and Junior Associates Tymoteusz Matusiak and Karol Muszynski.
