Oakwood acquires the Spanish company Vesta.

Oakwood Global Finance, an institution specialized in the management of non performing credit portfolios (already default) and assets, has expanded its operations to the Eurozone with the strategic acquisition of the Spanish company Vesta Asset Management, devoted to the management of credit portfolios and assets.

Vesta manages currently 65.000 loans with a total value of 500 million Euros comprising residential mortgages and consumer credits with no guarantees that have been totally repaid.

After the acquisition of Vesta, the assets being managed by Oakwood surpass 3500 million Euros.

Source: Expansión