Guardian announced that it successfully assisted Konfigura Capital on its sale of an $860 million non-performing loan portfolio in Colombia. The transaction included the sale of residential mortgage loans, SME and corporate loans, unsecured retail credits, and unpaid utility bills. A consortium that included a large US-based debt buyer and a global multilateral credit agency acquired the assets. Specific terms of the transaction were not disclosed.
Paul Brenneke, CEO of Guardian, commented, “We are very pleased to announce this transaction as it clearly demonstrates our commitment to pursuing expansion of our advisory business into Latin America. This sale is one of the largest NPL deals in the region over the last few years, and marks a milestone for the Colombian financial market. We will continue to work with key players in Latin America, and look forward to future opportunities to advise on subsequent high-profile transactions.”
Alberto Carrasquilla, Managing Partner of Konfigura and former Minister of Finance of Colombia, commented, "This transaction is a very significant one for both Konfigura Capital and the Colombian NPL market. We believe the momentum generated by this deal will propel our expansion into other countries in both Latin America and the United States. We are excited to have Guardian as a strategic partner and feel we will benefit from their market knowledge, professionalism and perseverance as we pursue future deals.”