Swedish company specializing in debt management intervene closed the acquisition of its rival Haya EmlakOwns the North American fund Cerberus and several creditors, at a price 140 million €. Haya RE now manages more than €11,000 million in approximately 105,000 real estate assets that will be added to Intrum’s portfolio.
They state that after the closure of the operation, this acquisition from the Swedish company took place. Strengthening its position in SpainWhere they see it as “one of the key markets for Intrum globally.”
This 550 professionals It will go to the Intrum build that Haya has. Previously, staff restructuring was required, which meant the departure of 185 professionals, which was shut down in May last year.
History of Haya Real Estate
Haya Gayrimenkul was founded by Cerberus in 2013 after the bubble burst to manage portfolios of toxic debt stored by banks. At the beginning of 2018, the North American fund tried to take the company public. Haya at that time had a managed portfolio of close to 40,000 million and contracts signed by Bankia, Sareb, Cajamar, Liberbank or BBVA and was valued at 1,200 million euros.
However, in the following months, he could not debut despite trying many times. later, Cerberus activated its sale to other mutual funds or competing companies. The fund continued to deal exclusively with Centricus and subsequently held talks with doBank and Intrum.