Zepos & Yannopoulos has advised Bain Capital Credit on its acquisition of a non-performing corporate loan portfolio from the National Bank of Greece.
According to Zepos & Yannopoulos, the portfolio consists of approximately 2,800 secured loans with a total outstanding principal amount of around EUR 1.6 billion (around EUR 0.6 billion of allocated collateral value). “Following the signing of the transaction in June 2020," Zepos & Yannopoulos reported, "Project Icon has successfully closed and the loan portfolio has been transferred to a vehicle of Bain Capital.” Servicing of the portfolio was assigned by Bain Capital to doValue Greece.
The Zepos & Yannopoulos team included Partner Christina Papanikolopoulou, Senior Associate Paris Tzoumas, and Associates Niki Ignatidi and Pinelopi Klara, among others. The firm could not disclose any further information about the deal.