Project Juniper

Mar 2020

Sell-side advisory – Performing Lease and hire-purchase

Value €250 million

London – Alantra, an independent global investment banking and asset management firm, through its Credit Portfolio Advisory division (“Alantra CPA”), has advised PEAC Finance (“PEAC” or “the Company”) on the refinancing transaction for a c.€250 million portfolio of German leases and hire purchase contracts to a major European bank, principally focused on Germany and Austria (“the Bank”). PEAC and the Bank have also entered into a committed forward flow funding arrangement to support PEAC’s origination of new business in Germany.

PEAC is a leading pan-European asset finance lender with a track record of nearly 50 years of originating, underwriting, and servicing asset-backed leases and hire purchase contracts. PEAC’s current portfolio is over €2 billion in size and consists of more than 50,000 customers.

Alantra advised the Company on the commercial and structural aspects of the transaction, supporting PEAC in market sounding and selection of the preferred counterparty as well as assisting in the negotiation of final terms agreed between the Company and the Bank.

Dr. Thomas Söhlke, CEO of PEAC commented: “This transaction represents another stride forward for PEAC’s growth in the years ahead. The new funding facility not only deepens but diversifies our funding capacity as we continue to grow the business and consolidate our position in Europe as a valued provider of asset financing for high-quality assets.”