Alantra acted as sell-side advisor to UNICRE on the divestment of its non-performing consumer finance exposures in Portugal, with a total gross book value of approximately €150mn. The portfolio comprised the entire universe of credit card and personal loan contracts with more than 90 days past due and marks UNICRE’s first and only competitive loan portfolio sale process.
This transaction represents the final phase of UNICRE’s exit from the Consumer Finance segment and follows the previously announced agreement for the sale of UNICRE’s performing Consumer Finance business to novobanco, on which Alantra is also acting as exclusive financial advisor.
The sale enabled UNICRE to fully divest its NPL exposures, maximise recoveries, and complete the wind-down of its Consumer Finance activities, with full profit recognition in FY2025.
Joel Grau, Partner at Alantra, said: “We are proud to have supported UNICRE in its strategic portfolio transaction. This deal demonstrates our ability to deliver full-scope advisory, from preparation to execution, and to drive competitive outcomes under tight and time-sensitive conditions.”
This transaction further strengthens Alantra’s track record in advising first-time portfolio sellers in Portugal, and underscores the firm’s ongoing commitment to delivering strategic deleveraging solutions for leading financial institutions in the country.
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