We are pleased to announce the successful completion of Project Delta on April 30, 2024. This significant transaction involved the acquisition of a participation in a portfolio of sub-performing and non-performing loans secured with real estate collateral in Romania, as well as unsecured loans, with a total transaction size of approximately €400 million. The portfolio comprised almost 1,800 loans, showcasing the scale and diversity of the assets involved. The European Bank for Reconstruction and Development (EBRD) financed 30% share of the participation in the portfolio, with the remaining funding provided by APS funds and managed accounts. APS Investments, which has diligently worked on this transaction since February 2023, underwrote the process, ensuring a seamless and successful outcome. "We are proud to have finalized the Project Delta transaction, which represents a significant achievement in one of our core markets," stated Martin Macho?, CEO and owner of APS Investments. "The collaboration of EBRD and APS has been instrumental in navigating this complex transaction." "This is the largest NPL portfolio transacted in the last 4 years in Romania. We are glad to have supported EBRD and our investment branch with this strategic opportunity, once again solidifying our corporate asset portfolio", said APS Romania CEO, Radu Dobre. The participation in the portfolio was acquired from Piraeus Bank, Greece, which successfully concluded the transaction, marking a strategic move in their divestment strategy. The closing of the Project Delta transaction underscores our commitment to driving financial stability and growth opportunities in Romania, setting a positive trajectory for future endeavors in the region. APS is a leading NPL investor and servicer active in 15 countries. APS currently manages over 100 NPL portfolios with a total nominal value of more than EUR 11 billion. About APS Group APS Group was established in 2004, and during its 18 years of existence, the company has managed to take a top position in 15 other countries. It operates mainly in the Central and South-Eastern European markets. The group's area of expertise consists of 3 pillars: distressed debt investments, alternative asset management, and real estate investments. APS Group currently manages 100 non-performing loan portfolios with a total nominal value of over EUR 11 billion. About APS Romania APS Romania was established in 2007 and currently operates with 250 employees. In 2022, its revenues were over EUR 7 million.
In the context in which agri-food systems are responsible for almost one third of global greenhouse gas emissions, Auchan Romania assumes an active role in the transition of its supply chain toward a more sustainable model. At the second edition of the Climate Supplier Event, organized under the aegis of the Climate Change Summit, the […]
Janiva Magness, the winner of seven Blues Music Awards following 26 nominations, and nominated for a Grammy for a career spanning 17 albums, is set to perform at the 14th edition of the Brașov Jazz & Blues Festival, which will take place between August 14–16, 2026. Magness is one of the most valuable and influential […]
Auction house Artmark announced a major auction for this winter featuring an engraving created by Francisco Goya, the most important Spanish artist of the late 18th and early 19th centuries. Romania's late communist leader Nicolae Ceaușescu received this gift from King Juan Carlos I as a gesture of diplomacy. The engraving entitled “The Engagement – Capricho […]
Authorities managing Romania's Bicaz Gorges–Hășmaș National Park has built a fish ladder system on the Bicaz River, which will allow protected species to migrate and reproduce. There are several bridges and small bridge structures in the Bicaz River that have a “bottom sill,” meaning small waterfalls. Fish that do not jump like the trout cannot […]
The far-right opposition parties in the Romanian Parliament are set to file a motion of no confidence against the government headed by prime minister Ilie Bolojan. The motion, authored by senator Ninel Peia of the Peace – Romania First group, is specifically aimed at the reformist party Save Romania Union (USR), and is entitled “Romania […]
Romania's iconic rock singer Adrian Pleșca, known as “Artan,” died on Tuesday, December 2, after a fatal stroke, at the age of 64. The artist founded the well-known band “Timpuri Noi” in 1982 and “Partizan” in 2001, and was popular on the Romanian rock scene. Over the years, he left and returned to the two bands. Several […]
