Radar > 217544

US-based Elliott and Centerbridge Partners and Norway-based Lindorff Group are bidding to acquire Banco Sabadell's recovery business

Las estadounidenses Elliott y Centerbridge Partners y la noruega Lindorff Group pujan por el negocio de recobro de Banco Sabadell

Intel ID : 217544
Synopsis

US-based Elliott and Centerbridge Partners and Norway-based Lindorff Group could submit a binding offer to acquire bidding to acquire Banco Sabadell's recovery business. The three firms, jointly with a fourth whose identity was not disclosed, could offer EUR 200m.

The sale process, known as Proyecto Budapest, receives advice from Montalbán Atlas Capital and includes a portfolio with EUR 20.000m in loans to SMEs and individuals.
(content in spanish)

Las firmas estadounidenses Centerbridge Partners y Elliott, así como la noruega Lindorff Group podrían presentar una oferta vinculante por el negocio de recobro que ha puesto a la venta la financiera Banco Sabadell. Las tres firmas, junto a una cuarta de la que no se conoce el nombre, podrían ofrecer a EUR 200m.

El proceso de venta, conocido como Proyecto Budapest, está siendo asesorado por Montalbán Atlas Capital e incluye una cartera de más de EUR 20.000m en créditos a pymes y particulares.

Bidder

Seller


Intel ID 217544
Value EUR 200,00m
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

Bidder

Name
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Country
Website
Description

Seller

Name
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Primary Sector (TTRSC)
25.01.03 Commercial, Retail & Mortgage Banking
25 Financial Services / 25.01 Banking & Investment

Country
Website
Description

Radar

Date Title Type Intel Grade Country Subsector  
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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.