NEW YORK–Guardian said Wednesday it successfully assisted Konfigura Capital on its sale of an $860 million non-performing loan portfolio.
The transaction included the sale of residential mortgage loans, SME and corporate loans, unsecured retail credits, and unpaid utility bills, originating in Columbia and elsewhere in Latin America. A consortium that included a large US-based debt buyer and a global multilateral credit agency acquired the assets. Specific terms of the transaction were not disclosed.
Paul Brenneke, CEO of Guardian, commented, “We are very pleased to announce this transaction as it clearly demonstrates our commitment to pursuing expansion of our advisory business into Latin America. This sale is one of the largest NPL deals in the region over the last few years, and marks a milestone for the Colombian financial market. We will continue to work with key players in Latin America, and look forward to future opportunities to advise on subsequent high-profile transactions.”
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
