Following the bankruptcy of AB bankas Snoras in 2012, Valnetas UAB was appointed as bankruptcy administrator. During the following years, the administrator and his team disposed of several groups of assets. KPMG was engaged to assist in execution of a sale of corporate loans portfolio, comprised of 14 non-performing and 2 performing loans, issued to clients related to the Russian market.
KPMG Baltics’ Deal advisory team, in cooperation with KPMG Global Portfolio Solutions Group and KPMG Russia, assisted with the full preparation and execution of sale process. The transaction was successfully completed in May 2016.
KPMG provided extensive sell-side assistance services, which involved the following stages:
KPMG team was led by Nicholas Coleman, Robert Vartevanian and Darius Klimašauskas.
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