Bernitsas Law advised Cerberus on the Greek leg of the acquisition and financing of a €1bn asset from Intrum. The transaction involves over 10,000 portfolios with a nominal value of €33bn and a book value €1bn as of 30 September 2023 across 13 European jurisdictions.
The transaction is structured as a joint venture partnership, in which Cerberus will hold a 65% ownership stake and Intrum will hold a 35% ownership stake. The joint venture partnership has also entered into an agreement with Goldman Sachs to provide financing for the transaction.
Cerberus Capital Management, L.P. is an American global alternative investment firm with assets across credit, private equity, and real estate strategies. Intrum is a credit management services company, with a complete range of credit management and financial services with a strong base in collection operations.
Linklaters acted as international legal counsels to Cerberus. In connection with the Greek leg of the transaction, Athanasia Tsene led the Bernitsas Law team, consisting of Associates Maria Cheimona, Angeliki Chlivinou and Sildia Fotopoulou.
