Metric Capital Partners makes portfolio acquisitions

Metric Capital Partners (MCP) has acquired multiple portfolios of Non-Performing Loans and Real-Estate Owned assets.

The portfolios consist of more than 3500 secured loans backed by real estate and portfolios of approximately 1000 real estate assets in Spain. The total outstanding balance of the portfolio is approximately EUR630 million.

MCP partnered with Albatris on the transaction. Albatris is an alternative investment management firm, focusing on tailored credit investments with extensive experience in distressed debt and non-performing loans.

John Sinik, Managing Partner of MCP, says: “The acquisition demonstrates our ability to complete highly complex transactions in challenging market conditions. Our partnership with Albatris enables us to further expand our presence in the European real estate credit market.”

Arash Talebinejad, Managing Partner and CEO of Albatris, says: “We are excited to expand our presence in the Spanish non-performing credit market. We are further looking to capitalise on current investment opportunities and continue to build a border platform with the Consortium on the back of this transaction.”

This is MCP’s sixth investment in Spain and its first portfolio acquisition in the country. To date MCP has invested approximately EUR300 million in Spain.

Support in executing this deal for the Consortium was provided by, Gescobro, Virgata, Garrigues, White & Case, Arendt and Wistrand.