Zepos & Yannopoulos has advised Intrum AB and Intrum Hellas on Sunrise I – a Hellenic Asset Protection Scheme securitization transaction originated by Piraeus Bank involving a retail and corporate NPE portfolio of EUR 7.2 billion gross book value.
According to the firm, “Intrum has agreed to purchase 49% of the mez and 50.1% of the junior notes, subject to customary conditions precedent.”
Sunrise I is the third Hellenic Asset Protection Scheme securitization investment by Intrum AB, following Phoenix and Vega.
Zepos & Yannopoulos team was led by Partner Christina Papanikolopoulou and included Partner Elena Papachristou, Senior Associate Paris Tzoumas, and Associates Vivian Efthymiou, Athina Palli, and Myrto Tsoumalakou.
Editor's note: After this article was published, White & Case announced that it had advised Intrum on Piraeus Bank's EUR 7.2 billion NPL securitization. The firm's team included Partners Dennis Heuer and Henrik Wireklint, Counsel Claudio Medeossi, and Associates Marcin Zawadzki and Reetu Vishwakarma.
