Kinstellar has successfully advised B2 KAPITAL on the acquisition of a €119bn unsecured retail NPL portfolio from MONETA Money Bank. Kinstellar provided advice in connection with the bidding process, as well as with negotiations over the loan, sale and purchase agreement, servicing agreement and other transaction agreements.
The portfolio consists of approximately 28,000 loans and has an aggregate nominal value of €119bn. The portfolio was sold by Moneta Money Bank, a leading retail and SME bank in the Czech Republic.
The Kinstellar team was led by Jan Juroška (Partner) and Martina Březinová (Counsel) with Martina Mazurková (Associate) acting as a key team member.