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Wolf Theiss and CMS Advise on Acquisition of EUR 800 Million Croatian NPL Portfolio

Wolf Theiss and CMS Advise on Acquisition of EUR 800 Million Croatian NPL Portfolio

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Wolf Theiss has advised DDM Group and B2Holding on the acquisition of Heta Asset Resolution's Croatian servicing platform and a portfolio of receivables and properties with a face value of EUR 800 million. CMS Reich-Rohrwig Hainz advised Heta on the sale, which remains subject to regulatory approval.

DDM is a specialist acquirer and manager of distressed asset portfolios in Southern, Central, and Eastern Europe. B2Holding provides debt solutions for banks and financial institutional vendors in several European countries. Headquartered in Oslo, B2Holding has operations in around 23 European countries.

The Wolf Theiss team was led by Vienna-based Partner Andrea Gritsch and included Partners Roland Marko, Gunter Bauer, Leo Hoher, Counsels Christine Siegl and Eva Stadler, and Associate Patricia Backhausen. The Wolf Theiss Zagreb team consisted of Partner Luka Tadic-Colic, Counsel Vedrana Ivekovic, and Associates Luka Colic and Borna Dejanovic.

The CMS team was led by Vienna-based Partner Alexander Rakosi. The team in Vienna included Partners Dieter Zandler and Johannes Juranek, Attorney at law Lisa Oberlechner, and Associates Marie-Christine Lidl and David Kohl. The Zagreb team consisted of Partner Jelena Nushol and Marija Zrno and Associate Ana Erceg, among others.

CMS at a Glance

CMS Sofia is a full-service law firm, the largest international law firm in Bulgaria and one of the largest providers of legal services in the local market as a whole. The breadth and depth of our practice means that our lawyers are specialised, with a level of specialisation that few of our competitors can match.

CMS Sofia is the Bulgarian branch of CMS, a top ten global legal and tax services provider with over 5000 lawyers in 43 countries and 78 offices across the world.

CMS entered the Bulgarian market as one of the first internationally active law firms in 2005 and is now among the most respected legal advisors in the country. We have 7 partners, 4 counsel and over 30 lawyers in our office in Sofia.

Our legal experts, who are rooted in Bulgaria’s local culture, can also draw on years of experience in foreign countries and are at home in several legal systems at once. We know the particularities of the local market just as well as the needs of our clients and combine both to achieve optimum solutions. Our lawyers are Bulgarian qualified and we also have English qualified experts – all of them regularly working on cross-border mandates.

In our work, we focus on M&A, Energy, Projects and Construction, Banking and Finance, Real Estate, Media, IP and IT law, Tax, Employment law, Competition, Procurement and any kind of Dispute resolution, including arbitration and mediation. What’s more, we also take care of the entire legal management of our clients’ projects.

Firm's website.