In every issue, In the Market covers “Highlights” where we publish key KPMG analysis and articles on the topics influencing buy side and sell side activity. “Key Deals and Activity” features interactive dashboards for you to analyse key transactions across EMEA (click here to view). Our “Wider insights” section covers views and content from beyond EMEA or banking that are influencing the market.
In this month’s In the Market, we review an active European credit market with Piraeus Bank selling the first CRE NPL portfolio in Greece; Cerberus winning Gruppo Delta’s €2.2 billion Project Arcade; and Deutsche Bank and Davidson Kempner acquiring a performing loan portfolio from Commerzbank in Italy. UK Asset Resolution continues to sell off its assets and brought the £850 million Project James to market, the largest equity release portfolio sale in years.
In other M&A activity, we examine the potential mega-merger of UniCredit and Société Générale, as well as the increasing consolidation of the European payments industry with two €1 billion plus deals announced in the past month. Closer to home, the UK government continues to sell Royal Bank of Scotland shares and the ‘guarantor loan’ provider and market leader Amigo, announced plans for an IPO.
In Italy, the securitisation market remains hot with Banca Monte dei Paschi, Banco BPM and Credito Valtellinese announcing they had entered the final stages of their €24.1 billion, €5.1 billion and €1.7 billion securitisations respectively.
Read the full June edition of In the Market newsletter, for more details.
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