Bantierra (Caja Rural de Aragón) and the U.S. fund Bayside Capital, an affiliate of H.I.G. Capital, have undersigned the first default credit portfolio in Spain. The portfolio, valued at €150 million, consists mostly of the SMEs´and individual customer credits.
Due to scarcerity of such operations, Bantierra leaves behind its competitors, showing itself as dynamic and innovatory.
“A long list of domestic and foreign investors expressed interest in the portfolio”, finally financed by Analistas Financieros Internacionales (AFI), MaC Group and advised by De Castro Morenilla. On the part of H.I.G., the assesory has been carried out by Pérez-Llorca office.