Waterwheel Capital Administration was suggested by Koutalidis Regulation Agency on this deal to buy 95% of the category B and Class C notes issued within the Securitisation of the Photo voltaic portfolio. Waterwheel entered into binding settlement for the acquisition with the 4 originating banks, Alpha Financial institution, Eurobank, the Nationwide Financial institution of Greece and Piraeus financial institution.

Waterwheel Capital Administration, a US based mostly different funding agency based in 2017, invests with the purpose to generate absolute returns on dislocated alternatives by focused funding automobiles.  They’re targeted on methods, capitalising on alternatives in Greece while utilizing a worth investing strategy.

The Photo voltaic Portfolio has an on-balance sheet worth of roughly EUR 1.2 billion and consists of frequent non-performing exposures of company and SME loans. This securitisation is the primary of its type in Greece involving 4 originating banks.

Koutalidis has been advising Waterwheel by all steps of the bidding course of and negotiation of the contractual documentation with the 4 banks.