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CMS Advises UniCredit Bulbank on NPL Portfolio Sale

CMS Advises UniCredit Bulbank on NPL Portfolio Sale

Bulgaria
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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.

Bulgaria Knowledge Partner

Schoenherr is a leading full-service law firm providing local and international companies stellar advice that is straight to the point. With 15 offices and 4 country desks Schoenherr has a firm footprint in Central and Eastern Europe. Our lawyers are recognised leaders in their specialised areas and have a track record of getting deals done with a can-do, solution-oriented approach. Quality, flexibility, innovation and practical problem-solving in complex commercial mandates are at the core of our philosophy.

Firm's website: www.schoenherr.eu

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