Alantra acted as sole arranger for Lowell on Danish ABS transaction

Jun 2023

Securitisation – Sole arranger and financial advisor

London – Alantra, the global investment banking and asset management specialist, has acted as the sole arranger for Lowell, a portfolio company of Permira. The deal is the first NPL ABS in the Nordics as well as one of the first ABS transactions in Denmark.

The transaction is a follow-on to Project Wolf I, where Alantra acted as the sole arranger for Lowell’s first rated ABS.  For Project Wolf II, Alantra’s services included performing data analysis, identifying a suitable perimeter and investors for this niche asset class as well as structuring the deal.

The deal was struck at favorable terms and also included the sale of 51% of the junior notes, allowing Lowell to achieve deconsolidation and an upfront P&L gain from the transaction, with associated positive effects on their leverage ratio.

Following the strong performance and successful completion of Projects Beta and Wolf I, the latter of which was recently upgraded by Scope and DBRS, we have demonstrated significant expertise in the DP sector and ability to implement first of a kind innovative transactions.

Edwin Harrap, Director at Alantra said: “We are very pleased to have supported Lowell on this important transaction, which further demonstrates the strong capability of the platform to rehabilitate non paying accounts and accelerate the monetization of these accounts through this innovative structure”