Cerberus Archives - NPL Confidential

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

17 June 2020 Editors 0

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

Distressed assets attract fresh funds

20 April 2020 Editors 0

Pimco, Oaktree Capital Group and Cerberus gather funds to invest in stress or distressed debt.

Alpha Bank postpones Galaxy and Cepal Sale

24 March 2020 Christos Ziotis 0

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

Seven Funds Contesting for Galaxy

5 March 2020 Christos Ziotis 0

*Alpha Bank is planning to use 3.7 billion euros Guarantees from Hercules * Galaxy consists of five distinct NPE portfolios