Hogan Lovells advises Piraeus Bank on the securitisation of a portfolio of non-performing exposures with a total gross book value of €250 million (Project Imola)

The notes issued in the context of the securitization were acquired by an affiliate of the investment manager, Waterwheel Capital Management, LP. The servicing of the portfolio was assigned to Cepal Hellas AEDADP, a credit servicer licensed by the Bank of Greece. 

This transaction is part of Piraeus Bank’s ongoing strategic plan for the active management of non-performing exposures, further supporting its long-term growth objectives.

The Hogan Lovells team that advised on the transaction was led by partner Madeleine Horrocks, partner Annalisa Dentoni-Litta and senior associate Franco Lambiase, together with associate Zoe Mingoia and legal intern Anita Higgs.