In a complex transaction, a consortium of investors led by TPG and Patron Capital real estate funds has acquired both the shares of the Uni-Invest group as well as certain claims against the group. The transaction was approved by the Amsterdam Court.
At the same time, a corporate restructuring of the Uni-Invest group was also carried out. A previous securitisation with listing on the Amsterdam stock exchange was further terminated and replaced by a new securitisation with listing on the Jersey stock exchange. The new owners of the group intend to increase the value of the group’s assets through active management and further restructuring.
Uni-Invest found itself facing financial problems due to the real estate crisis, as a result of which it was unable to repay a loan of EUR 754.6 million originally granted by Eurohypo.
Eurohypo as the servicer and special servicer of the loan and representative of the enforcing pledgee was assisted by a NautaDutilh team led by Robert van Galen and Barbara Rumora-Scheltema.