Tag Archives: CarVal Investors

Goldman Sachs and CarVal Investors withdraw from €7.2bn Project Arrow race

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Goldman Sachs and CarVal Investors have pulled out of the race to acquire NAMA’s granular Project Arrow non-performing loan portfolio, which is secured by around 2,400 properties predominantly throughout Ireland, CoStar News has learned. The reason for Goldman and CarVal’s … Continue reading

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Goldman Sachs, CarVal Investors and BoI win Lloyds’ Project Poseidon for €1.2bn

Goldman Sachs, CarVal Investors and Bank of Ireland have shared the spoils of Lloyds Banking Group’s final Irish commercial property loan portfolio, paying £827m (€1.18bn) for Project Poseidon, virtually completing the bank’s withdrawal from Irish commercial property lending. Lloyds said in a … Continue reading

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DB and Apollo secure CRE tranche of Ulster Bank’s Project Finn for £400m as same finalists prepare binding Lloyds’ Poisedon bids (Updated)

Royal Bank of Scotland has sold the largest tranche of the circa €2.6bn Project Finn non-performing Irish real estate loans from its Ulster Bank subsidiary to a joint venture comprised of Deutsche Bank and Apollo Global Management for £400m. CoStar News understands that … Continue reading

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NAMA selects three €608m Project Arch finalists as €7.2bn Project Arrow formally launches

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NAMA has selected three finalists to progress to the final stage for the acquisition of its third multi-borrower non-performing loan (NPL) portfolio, the €608m Project Arch pool, as the bad bank’s largest-ever nominal NPL, the €7.2bn Project Arrow, is officially … Continue reading

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Goldman Sachs and CarVal Investors win last major IBRC loan portfolio

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IBRC has sold the bulk of Project Quartz, a predominantly Irish commercial real estate loan portfolio, to a joint venture of Goldman Sachs special situations fund and CarVal Investors, CoStar News understands.   The nominal-value of Project Quartz, one of … Continue reading

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NAB receives trio of offers on off-market £1bn Project Henrico loan portfolio

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National Australia Bank (NAB) has received bids for the off-market sale of approximately half of the listed Australian bank’s remaining UK commercial real estate (CRE) loan book from the three finalists from its maiden UK loan portfolio sale process. CoStar … Continue reading

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Four Project Chestnut finalists prepare to submit bids on Friday week

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National Australia Bank (NAB) has selected four finalists to progress to second and final bids for its debut UK non-performing loan portfolio, the £674m Project Chestnut, which are due Friday week. CoStar News understands that the four-strong finalists are comprised of … Continue reading

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Deutsche Bank leads winners of IBRC’s Project Stone

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Deutsche Bank leads the winners of IBRC’s penultimate non-performing commercial property loan portfolio, Project Stone, with the spoils shared between three separate individual and consortium private equity funds and investment bank winners. KPMG, the special liquidators of IBRC, has carved … Continue reading

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Anchorage Capital fails to make €373m Project Holly four-strong shortlist as CarVal wins Project Club

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NAMA has selected Kennedy Wilson, Lone Star, Starwood Capital and a joint bid from York Capital Management and D2 Private to progress through to the second round of the €373m Project Holly Irish non-performing loan portfolio sale, CoStar News can … Continue reading

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