NPL

Sell-side Advisory

ValeCap assists banks and other financial institutions in NPL portfolios sale transactions. As part of our services in this area, we provide:

• Structuring of the database, according to international investors standards

• Portfolio breakdown in «buckets», in order to structure and implement a specific sale strategy for each bucket, taking into account the objectives of the client and the requirements of the investors

• Portfolio segmentation criteria

• Historical collection analysis of non performing receivables and recovery performance

• Portfolio recovery alternative scenarios, on the basis of the cost structure and recovery period assumptions discussed with management

• Modelling of transaction cash flows and scenario analysis driven by the parameters with the most material impact on pricing

• Selection and review of potential purchasers

• Structuring and implementation of the sale process

• Negotiation of the offers received

• Support in the due investor due diligence process

• Support in the negotiation and drafting of sale agreements

Buy-side Advisory

We assist investors in acquisitions of NPL portfolios. As part of our services in this area, we provide:

• Portfolio sample selection for due diligence, data review and roll-up

• Selection of real estate asset sample for drive-by and desk top valuation and for security legal analysis

• Coordination of third parties involved in the due diligence process

• Analysis, valuation and mitigation of transaction risks

• Preparation of financial model

• Portfolio pricing

• Sensitivity analysis, on the basis of alternative scenarios of recovery timing and real estate assets valuation trends

• Structuring of portfolio acquisition financing

• Implementation of acquisition structure

• Preparation of the internal documentation required for the investment approval process

• Negotiation of economic terms with the seller

• Negotiation of the contractual documentation