Alantra has advised Zolva Group and its majority shareholders on the successful completion of Project Aurora, comprising the sale of a €200mn secondary unsecured NPL portfolio from Norway, Sweden and Finland together with Zolva Group’s Norwegian servicing platform to B2Impact. The transaction received the required clearance from the authorities in early July, paving the way for its successful completion before the summer.
The portfolio is split across thirteen underlying sub-portfolios in three different geographies, consisting mostly of loans and credit cards. The platform is fully developed and includes c. 50 FTE´s, servicing both the Aurora Norwegian and Swedish portfolios and third-party portfolios, and benefits from servicing capabilities across the entire servicing value chain in the Nordics.
The process attracted significant interest, with Alantra receiving offers at multiple levels – for the fully integrated platform, for country-level portfolios, and for the business as a whole – demonstrating both the strategic relevance of the assets and the strength of the tailored competitive process designed and executed by Alantra.
This transaction represents the second phase of Zolva Group’s divestment process, following the successful sale of its Spanish business, which included c.280 FTEs and €6bn of portfolios. Together, these transactions showcase Alantra’s ability to deliver complex multi-jurisdictional processes with integrated portfolio and platform components.
Joel Grau, Managing Partner and Co-CEO of Alantra FIG, said: It has been a privilege to support such high-profile clients in this strategic transaction, which represents the second step following another highly successful deal we advised on in Spain. By combining our deep expertise in FIG M&A and Credit Transactions, we successfully generated strong investor interest, maximizing value across the Norwegian, Swedish, and Finnish portfolios, as well as for the servicing platform — both on a standalone and integrated basis. This transaction highlights Alantra’s specialization in the financial sector and our ability to deliver optimal outcomes in a cross-border context.”
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