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The rated senior notes of the two transactions will have the benefit of guarantee issued by the Greek government under the Hellenic Asset Protection Scheme (HAPS).⠀Īdvised Intrum Holding AB on a securitisation transaction involving Piraeus Bank's Sunrise I non-performing loan portfolio consisting of approximately 205,000 loan exposures and having a gross book value of €7.2 billion at September 30, 2020.
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The rated senior notes of the two transactions will have the benefit of guarantee issued by the Greek government under the Hellenic Asset Protection Scheme (HAPS).⠀Īdvised Intrum Holding AB on a securitisation transaction involving non-performing loan portfolio of Piraeus Bank, the largest bank in Greece, with a gross book value of approximately €4.9 billion for the Project Vega portfolio. Senior notes of the transaction will have the benefit of a guarantee issued by the Hellenic Republic under the Hellenic Asset Protection Scheme (HAPS).⠀Īdvised Intrum Holding AB on a securitisation transaction involving non-performing loan portfolio of Piraeus Bank, the largest bank in Greece, with a gross book value of approximately €1.92 billion for the Project Phoenix portfolio. Piraeus and Intrum have agreed that Intrum Hellas will act as servicer of the Project Senna portfolio, and Intrum has agreed to acquire the entirety of the notes of the securitisation from Piraeus.Īdvised Intrum Holding AB on a securitisation transaction involving Piraeus Bank's Sunrise II non-performing loan portfolio consisting of retail and corporate loans with a total gross book value of €2.7 billion. It is held by Senna NPL Finance DAC and consists of approximately 60 precent small-sized mortgages, and 40 percent consumer and small business loans. The transaction was for capital relief purposes.Īdvising Intrum Holding AB on a securitisation involving Piraeus Bank's Project Senna non-performing loan portfolio with a total gross book value of €300 million at March 31, 2023. The senior notes of the securitisation were sold to an investment fund, whilst the junior notes were retained by Hoist Finance. The transaction was done for capital relief purposes.Īdvised Swedish SFA regulated Hoist Finance on the unrated securitisation of an Italian NPL portfolio.
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to finance the purchase of the NPL portfolio. The transaction involved the issuance of €337 million notes across three tranches issued by the Italian securitisation vehicle Marathon SPV S.r.l. As co-investor, Magnetar has committed to invest €150 million in mezzanine and junior notes in future securitisations over a 24-month investment period.Īdvised Swedish SFA regulated Hoist Finance on its first ever rated Italian investment grade rated securitisation backed by a portfolio comprising only unsecured non-performing loans (NPLs) with a gross book value of €5 billion. The programme is structured to achieve significant risk transfer in accordance with Article 244 of Regulation (EU) No 575/2013 (CRR) and will target unsecured NPL portfolios, for a total investment volume of approximately €1 billion. More recently Dennis has done a number of ESG events and publications in that area.Īdvised Cerberus on the acquisition of a portfolio of performing and non-performing real estate-backed loans, with borrowers in Germany, the Netherlands, France, Denmark and Finland, from HSH Nordbank.Īdvised Hoist Finance AB (Hoist) on a strategic partnership with alternative investment manager Magnetar Capital (Magnetar) for joint non-performing loan (NPL) portfolio investments on a pan-European level. Dennis is partner within the firm's global Capital Markets practice co-heading the EMEA Structured Finance Group as well as core member of the firm-wide ESG and Financial Institutions Industry Groups.ĭennis represents clients that include banks, insurance companies, debt collection companies, multinational corporates, fintech and tech startups, funds, asset managers and public institutions in a wide range of transactional and advisory matters.Īs an absolute expert in structured finance and securitisation, Dennis advises clients on complex cross-border transactions, increasingly taking ESG requirements into account.Ĭlients benefit from Dennis' structuring skills and his ability to find innovative and ground-breaking solutions even within difficult market conditions and times of regulatory and financial uncertainty.ĭennis is a frequent speaker, author and commentator on financial services regulation, non-performing loans, and impact investments.