Bernitsas, working with Linklaters, has advised Cerberus on the acquisition and financing of a EUR 1 billion asset from Intrum.
Cerberus Capital Management is an American alternative investment firm with assets across credit, private equity, and real estate strategies.
Intrum is a credit management services company.
According to Bernitsas, "the transaction involves over 10,000 portfolios with a nominal value of EUR 33 billion and a book value EUR 1 billion, as of September 30, 2023, across 13 European jurisdictions. The transaction is structured as a joint venture partnership, in which Cerberus will hold a 65% ownership stake and Intrum will hold a 35% ownership stake. The joint venture partnership has also entered into an agreement with Goldman Sachs to provide financing for the transaction."
The Bernitsas team included Partner Athanasia Tsene and Associates Maria Cheimona, Angeliki Chlivinou, and Sildia Fotopoulou.
Bernitsas did not respond to our inquiry on the matter.
Editor’s Note: After this article was published, DVLaw announced that it advised Goldman Sachs on the financing granted to Cerberus Capital Management. The firm’s team included Co-Managing Partner Yiannis Palassakis, Partner Irene Anyfanti, Counsel Dimitris Markakis, and Associate Maria Vamvaka.
