Digital Assets Report


Like this article?

Sign up to our free newsletter

Bain Capital Credit acquires Project Frontier in Greece

Related Topics

Bain Capital Credit has acquired Project Frontier, which involves the sale of 95 per cent of the Mezzanine and Junior notes from a securitisation backed by a cEUR6 billion gross book value portfolio of non-performing exposures from National Bank of Greece.

Bain Capital Credit, Fortress Investment Group (Fortress) and doValue (doValue) have formed a consortium whereby funds and accounts managed by Bain Capital Credit and Fortress respectively acquired the Notes and doValue was appointed as the servicer of the securitisation.
Project Frontier is a landmark transaction, being the first large scale securitisation on a servicer-release basis, utilising the Hellenic Asset Protection Scheme (Hercules) in Greece.
This is Bain Capital Credit’s fourth large-scale acquisition of non-performing exposure portfolios in Greece, following projects EGEE, Amoeba and Icon.

Like this article? Sign up to our free newsletter

Most Popular

Further Reading