Wolf Theiss advises DDM Group and B2Holding in the acquisition of an EUR 800 million (face value) NPL portfolio from HETA

“We are very happy to advise the bidder consortium DDM and B2 in this landmark project. The complex cross-border transaction involves multiple deal elements, in addition to the purchase of several loan/leasing portfolios,” explains Andrea Gritsch, Partner Wolf Theiss.

The gross collection value (face value) of the portfolios amounts to approximately EUR 800 million and is composed of secured corporate loans. Wolf Theiss was in charge of buy-side negotiations, CMS Reich-Rohrwig Hainz on sell-side. The transaction remains subject to regulatory approval.

Besides Andrea Gritsch the team included Patricia Backhausen, Roland Marko, Günter Bauer, Leo Höher, Christine Siegl and Eva Stadler (all Vienna). From Wolf Theiss Zagreb Luka Tadic-Colic, Vedrana Ivekovic, Luka Colic and Borna Dejanovic were involved.

DDM is a specialist acquirer and manager of distressed asset portfolios in Southern, Central and Eastern Europe. For almost a decade, DDM has built and retained longstanding relations with international banks and financial institutions requiring sustainable solutions to recover outstanding distressed assets.

B2Holding provides debt solutions for banks and financial institutional vendors in several European countries and relies on a solid industry experience. B2Holding’s Head office is located in Oslo. The Group has full operations in 23 European countries and offices in 3 additional countries.