The Bank Assets Management Company (BAMC)
Bank Asset Management Company d.d., Slovenia - The Bank Assets Management Company (BAMC) was established in March 2013 as a company owned by the Republic of Slovenia with the task of facilitating the restructuring of banks with systemic importance that were facing severe solvency and liquidity problems. By the end of 2013, the two largest Slovenian banks had been recapitalized by the government and a substantial part of their non-performing assets had been transferred to BAMC.
Atland performed the project management of the Harmony Residence (distressed residential asset in Sofia) for BAMC and is currently the asset manager for Majestic Pirin in Bansko – an unfinished apart-hotel.
Apollo Global Management
Apollo is a leading global alternative investment manager. Apollo has assets under management of approximately USD 455 billion in credit, private equity and real assets funds invested across a core group of nine industries where Apollo has considerable knowledge and resources.
In 2018 and 2019 Atland co-invested alongside Apollo and IFC in acquiring NPLs from United Bulgarian Bank and Eurobank Bulgaria. Atland Investments is also the asset manager for these transactions.
IFC – The International Finance Corporation
World Bank Group member, is the largest global development institution focused on the private sector in emerging markets. IFC contributes to businesses worldwide, using capital, expertise, and influence to create markets and opportunities all over the world.
Apollo and IFC, through the DARP Global JV Platform, have a joint venture to buy pools of non-performing loans in emerging markets.
In 2018 and 2019 Atland co-invested alongside Apollo and IFC in acquiring NPLs from United Bulgarian Bank and Eurobank Bulgaria. Atland is the asset manager for these transactions.
Eurobank Bulgaria, is the fourth biggest bank in Bulgaria in terms of assets, having a broad branch network across the country and a considerable client base of individuals, companies and other institutions.
Eurobank Bulgaria is a member of Eurobank Group. Eurobank Group is a dynamic banking organization active in six countries, with total assets of EUR 67.4 billion and 12 094 employees. Established in 1990, the Group continues its dynamic growth with stable and decisive steps, with a focus on the diverse needs of its customers. Eurobank holds a strategic position in retail and business banking in Greece, Bulgaria and Serbia, as well as offering distinguished Wealth Management services in Cyprus, Luxembourg and London.
AG Capital/Atland Investments has managed the Ego project for Eurobank - a distressed real estate asset and acquired Prestige Office Center from the bank – also a distressed asset.
In 2018 and 2019, Atland co-invested alongside Apollo and IFC in acquiring NPLs from Eurobank Bulgaria. Atland is the asset manager for this transaction.
United Bulgarian Bank (KBC Group)
The Belgian KBC Group is the biggest banking and insurance group in Bulgaria. In Bulgaria it unites companies with years’ long history and versatile experience. The companies, part of KBC Group Bulgaria, are United Bulgarian Bank, DZI, UBB Interlease, UBB Asset Management, UBB Factoring, UBB Insurance Broker and KBC Bulgaria Branch. They offer the full spectrum of financial services, including leasing, asset management and factoring ones.
UBB was established in 1992 through the consolidation of 22 regional Bulgarian commercial banks. After UBB’s acquisition by the Belgian group the bank was awarded the highest credit rating in Bulgaria according to the assessment of Fitch Credit Rating Agency - ‘A-‘- higher than the sovereign one for Bulgaria. Thanks to its excellently developed distribution network UBB has branches throughout this country’s territory.
In 2018 and 2019 Atland co-invested alongside Apollo and IFC in acquiring a portfolio of NPLs and distressed real estate assets from UBB. Atland Investments is the asset manager for this transaction.
Raiffeisenbank is among the leading universal banks in Bulgaria, offering bank services in all customer segments – corporate and investment banking, SME, and retail banking. The bank is fully consolidated subsidiary of Raiffeisen Bank International AG (RBI). RBI is one of the foremost providers of corporate and investment banking services in Austria and a leading universal bank in Central and Eastern Europe (CEE).
Atland Investments acquired a distressed real estate project from Raiffeisenbank (Bulgaria) – Garden of Eden/Panorama in St. Vlas on the Black Sea coast – which was turned around and fully disposed of.
Atland Investments managed Orchid Gardens for UniCredit Bulbank – a distressed mixed-use project in Varna.