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Zepos & Yannopoulos Advises Bain Capital on Acquisition of Loan Portfolio from National Bank of Greece

Zepos & Yannopoulos Advises Bain Capital on Acquisition of Loan Portfolio from National Bank of Greece

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Zepos & Yannopoulos has advised Bain Capital Credit on its acquisition of a non-performing corporate loan portfolio from the National Bank of Greece.

According to Zepos & Yannopoulos, the portfolio consists of approximately 2,800 secured loans with a total outstanding principal amount of around EUR 1.6 billion (around EUR 0.6 billion of allocated collateral value). “Following the signing of the transaction in June 2020," Zepos & Yannopoulos reported, "Project Icon has successfully closed and the loan portfolio has been transferred to a vehicle of Bain Capital.” Servicing of the portfolio was assigned by Bain Capital to doValue Greece.

The Zepos & Yannopoulos team included Partner Christina Papanikolopoulou, Senior Associate Paris Tzoumas, and Associates Niki Ignatidi and Pinelopi Klara, among others. The firm could not disclose any further information about the deal.