Bain Capital Archives - NPL Confidential

FPS renamed to doValue Greece

19 June 2020 Editors

What is the next day look life for doValue Greece?

Alpha Bank in Talks to Sell over $11.3B of Bad Debt: Reuters

17 June 2020 Editors

At least 5 bidders reportedly interested in Alpha Bank’s Galaxy securitization and servicer sale

Deloitte has asked Dromeus Capital for a 20% discount on rent

22 May 2020 Editors

The real estate sector has been under pressure, due to the coronavirus pandemic. Requests to owners to gradually lower rents have increased, for both retail stores and offices, as businesses are getting ready to tackle the consequences of the recession.

NBG talks with Bain Capital in a brand new context

15 May 2020 Editors

National Bank of Greece continues intensive talks with Bain Capital so as to agree on all of its 3 pending…

Bain asks for an additional 30% discount to the upfront price of ICON

14 May 2020 Editors

National Bank is considering broadening the scope of Icon sale to Bain, also including Romanian and Cypriot NPL portfolios. In the process, though, NBG may have to accept lower prices to dispose the portfolios.

National Bank: Securitizations, loan restructurings the medicine to the coronavirus

6 May 2020 Konstantinos Papagrigoris

The completion, albeit delayed, of planned securitizations and at the same time, continued restructuring of NPEs through the “Split & Settle” program are the two key parts of the strategy being implemented by the management of the National Bank of Greece.

doValue asks for minor adjustments to complete the Cairo

5 May 2020 Editors

doValue has asked Eurobank for minor tweaks, such as changes in the timing of management fees and the extension (by 1-2 years) of the servicing agreement.

National Bank – Bain Capital deal on Icon project a matter of time

29 April 2020 Konstantinos Papagrigoris

Bain called for a revision of the terms on the Icon project agreement, proposing a price reduction in exchange for inserting an earn-out clause in the deal, which means that NBG participates in future profits from the management of the loans.

Alpha Bank postpones Galaxy and Cepal Sale

24 March 2020 Christos Ziotis

Alpha Bank is going to postopone the deadline for non-binding bids in project Galaxy and the Cepal Sale.
Pimco, Lone Star, Bain, Elliott, Cerberus and Varde will reportedly participate in the process,
Completion of project Galaxy will reduce Alpha’s domestic NPE stock to EUR3.5bn by 2022

Bain Capital is the buyer of ICON

12 March 2020 Christos Ziotis

Bain Capital will acquire the National Bank’s ICON Project next week, if nothing unexpected comes up, according to sources. It…