14 August 2018
Alantra Partners has finalised its purchase of KPMG’s division specialising in advising on loan portfolios and non-strategic bank assets, based in the United Kingdom.
The acquisition involved an investment of 2.8 million euros (2.26 million plus another 565,000 euros for ongoing KPMG operations) plus the assumption of €7.3 million by Alantra to finance the project.
With this purchase, Alantra will take on 35 professionals operating in diverse European markets that will strengthen its current workforce of more than 40 people who are already focused on credit portfolio and banking asset advisory.
The transaction, which was announced on July 11, was conditioned on compliance with certain requirements established in British legislation that have already been fulfilled, Alantra added in a statement sent to the National Securities Market Commission (CNMV).
Original Story: Expansión
Photo: Rafael Marchante – Reuters
Translation: Richard Turner