Delfi Partners advises Bain on Icon Project with NBG

National Bank of Greece (NBG) has announced that it had signed a contract to sell a portfolio of receivables consisting of approximately 2,800 secured non-performing business loans (backed by some 6,400 properties throughout Greece) to Bain Capital Credit.

The transaction price is 21 percent of the portfolio’s outstanding capital, amounting to 1.6 billion euros, while the deal has a neutral impact on NBG’s capital base.

Delfi Partners of Greece acted as the main valuation consultant for the mortgaged properties/collateral on behalf of Bain Capital for the Icon portfolio. Delfi Partners expresses its congratulations for the acquisition.

 


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