Alantra advises Millennium bcp on the sale of a €250mn portfolio

Oct 2024

Sell-side advisory

Value €250mn

Lisbon – Alantra, a leading global investment bank and asset management firm, has successfully advised Millennium bcp, the largest private bank in Portugal, on the sale of the risk of re-performing and non-performing corporate and SME credit exposures with a total unpaid balance of approximately €250 million.

The portfolio consists of large corporate and SME credit exposures predominantly secured by real estate, with a significant concentration in the top three names. Investor could onboard the loans into their designated vehicle and down the line subscribe a Unitranche issuance from a Portuguese securitization vehicle (STC).

Paulo Gray, Senior Advisor at Alantra FIG, said: “This transaction is a key milestone for the corporate and SME re-performing market, building on our recent success with Project Maverick and further solidifying our relationship with Millennium bcp.”

The successful completion of this transaction underscores Alantra’s expertise in structuring complex credit solutions with tailor-made business plans in the Portuguese market across all credit asset classes. Alantra continues to demonstrate its capability in providing a wide range of credit solutions for its clients, building on the success of previous transactions, including a private synthetic securitization of short-term and medium-term SME and corporate exposures with the same seller.