A Swedish debt-management group completed the acquisition of its rival Haya Real Estate. The deal involves Cerberus, a North American fund, and several creditors, with a price tag of €140 million. As a result, Haya Real Estate now administers a portfolio exceeding €11 billion spread across roughly 105,000 real estate assets that will be integrated into Intrum’s portfolio.
Following the closure of the transaction, the acquisition strengthens Intrum’s footprint in Spain, a market the company already views as a central pillar of its global activity.
The operation will transfer about 550 professionals to the Intrum team that was already in place through Haya’s structure. Earlier, there had been staff reductions, including the departure of 185 employees, a move that had been halted in May of the previous year.
History of Haya Real Estate
Haya Real Estate was created by Cerberus in 2013 to handle portfolios of problematic debt accumulated by banks after the housing bubble burst. At the start of 2018, Cerberus explored a public listing for the company. At that time, Haya managed a portfolio close to €40 billion and had deals with major banks such as Bankia, Sareb, Cajamar, Liberbank, and BBVA, with a valuation around €1.2 billion.
Despite several attempts, the initial public listing did not materialize. In the following period, Cerberus shifted its strategy and began exploring sales to other asset managers or competing groups. The fund continued to negotiate mainly with Centricus and later engaged in talks with doBank and Intrum, signaling a shift toward alternative routes for liquidity and strategic alignment. (Source: company announcements and financial market reporting)