Credit management service provider Lindorff Group instructed Ashurst on the acquisition of a 94 per cent stake in Spanish real estate services company Aktua Soluciones Financieras.
The vendor, Centerbridge Partners, was advised by Linklaters on the deal.
The transaction was valued at €294 million, according to Mergermarket.
A Lindorff statement said: “With the acquisition of Aktua, Lindorff significantly strengthens its secured non-performing loans servicing business, and opens up a new segment by bringing in Europe-leading capabilities in the REO (real estate owned) area.”
Aktua’s key managers were advised by Pérez-Llorca.