Radar > 219376

Cerberus Capital Management and Starwood Capital bidders to acquire a EUR 800m in Bankia's mortgages

Cerberus Capital Management y Starwood Capital pujan por una cartera de EUR 800m en créditos inmobiliarios de Bankia

Intel ID : 219376
Synopsis

US-based Cerberus Capital Management and Starwood Capital were selected to go through to final bid for the acquisition of a EUR 800m mortgage portfolio held by Spain-based bank Bankia.

The offers for the portfolio known as Proyecto Amazonas could reach EUR 400m. With this sale, Bankia aims to find liquidity by divesting its non-strategic assets. Deloitte has been hired to advise in this deal.
(content in spanish)

Las estadounidenses Cerberus Capital Management y Starwood Capital han sido las entidades seleccionadas para pasar a la puja final por una cartera de EUR 800m en créditos inmobiliarios propiedad de la entidad financiera española Bankia.

Las ofertas por la cartera, conocida como Proyecto Amazonas, podrían alcanzar los EUR 400m. Con esta venta, que está siendo asesorada por Deloitte, Bankia pretende conseguir liquidez mediante la desinversión de activos no estratégicos.

Intel ID 219376
Value EUR 400,00m (Approx.)
Native Currency Euro (EUR)
Date
Country
Region
Continent
Geography
Subsector (Old TTR Sectors)
Type
Intel Grade
Source
Tags

Bidder

Name
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Primary Sector (TTRSC)
25.01.09 Private Equity
25 Financial Services / 25.01 Banking & Investment

Country
Website
Description

Bidder

Name
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Primary Sector (TTRSC)
25.01.09 Private Equity
25 Financial Services / 25.01 Banking & Investment

Country
Website
Description

Seller

Name
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Primary Sector (TTRSC)
25.01.99 Other Banking & Investment
25 Financial Services / 25.01 Banking & Investment

Country
Website
Description

Radar

Date Title Type Intel Grade Country Subsector  
-

Mergers & Acquisitions

Date Target Country Buyer Seller VALUE (EURm) Subsector    

Legend:

verified Verified: Confirmed as a party to an active or possible transaction.

potential Potential: Unconfirmed as a party to an active or possible transaction.

retained Retained: Confirmed as “Retained” with a general or specific mandate.

prospect Prospect: Advisory “Prospect” in discussions with or pitching services to possible client.

Transactional data is continuously updated by the research team and therefore is subject to change.