Frankfurt/Vienna, 17 May 2017 – The Frankfurt-based Silverton Group (Silverton) is to cooperate with 720° Restructuring & Advisory (720° RE), based in Vienna.
The objective of the cooperation is to pool the existing expertise, in order to expand the range of services offered to clients and to expand the regional coverage.
The Silverton Group’s range of services so far includes the investment and asset management of commercial property and loans secured on real estate; consultancy on transactions and processing in the areas of special situations, distressed debt and real estate; as well as risk advisory services and banking consultancy. In addition, Silverton is one of the few credit servicers in Germany that have been granted a licence to provide payment services („Zahlungslizenz“) by BaFin, the Federal Financial Supervisory Authority. The company has offices in Frankfurt, Munich, Madrid and New York.
720° Restructuring & Advisory, founded by Stefan Selden, has an expert team, with a pronounced background in banking, that specialises in the management of non-performing loans (NPL). The company also provides consultancy services for institutions and debt advisory for companies. 720° Restructuring & Advisory, whose team combines more than 50 years‘ experience in the central and eastern European markets, has a dense network and outstanding market knowledge. So far, the team has managed NPLs with a volume of 15 bn Euro.
Jascha Hofferbert, Director and joint founder of Silverton, comments: „In 720° Restructuring & Advisory we have an experienced partner that, primarily because of its longstanding involvement in Austria and Eastern Europe, has expertise that will benefit us in the acquisition and management of NPLs in these countries.“
Stefan Selden, the founder of 720° Restructuring & Advisory, adds: „Silverton, an experienced transaction advisor and servicing company, with its powerful IT system developed in-house, is an attractive partner. I am positive that the collaboration between the two companies and our combined expertise will generate appreciable added value for our clients.“