GA_P advises on the 140m acquisition of Haya Real Estate
Gómez-Acebo & Pombo has advised Intrum on the acquisition from Cerberus of the spanish asset management platform, Haya Real Estate, advised by Milbank, for an amount of 140 million euros.
Augusto Piñel, Valentina Rodríguez, Sergio Gómez and Miren Ibáñez, partner, of counsel and associates of Mercantil, respectively, have advised on the transaction.
This transaction, which expands Intrum’s strong franchise in Spain, one of its main markets and second most profitable country, addresses one of its strategic priorities presented for 2023 “Grow and Transform” and accelerates its commercial development while strengthening the business of providing secured lending and asset management services with key clients.
The closing of the transaction will be completed in the third quarter subject to the approval of the National Markets and Competition Commission in Spain and the formal cancellation of the existing guarantees on the company’s shares and assets.
This transaction confirms the leadership of Gómez-Acebo & Pombo’s team in the management and sale of non-performing assets (NPEs) in Spain.