• Transaction / Assets
    Portfolio Marshmello
  • Seller
    Bankia
  • Buyer
    LCM Partners
  • € MM
    37

Bankia Sells €37M NPL Portfolio to LCM Partners through Débitos

17 July 2019 – El Confidencial

17 July 2019 – El Confidencial

Bankia has sold a portfolio of doubtful assets worth €37 million to the London-based fund LCM Partners. The portfolio, called Marshmello, contains more than 170 secured loans granted to SMEs and distributed primarily in Madrid, Cataluña and Murcia.

The deal is the first that the partially nationalised financial entity has completed through the Débitos platform. Débitos is a German fin-tech that works in association with Beka Finance in Spain to allow financial entities and companies with unpaid amounts on their balance sheets to offer portfolios for sale to institutional investors.

Original story: El Confidencial (by Óscar Giménez)

Translation/Summary: Carmel Drake

Original Story: El Confidencial

Translation/Summary: Carmel Drake

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