Frankfurt/Vienna, 20 December 2017 – The Silverton Group (Silverton) from Frankfurt and Vienna based 720°Restructuring & Advisory (720°), have extended their collaboration with the launch of a new joint venture, Silverton720 Debt Solutions d.o.o., loan servicing company based in Zagreb, Croatia.
Under the leadership of 720°’s owner Stefan Selden, the new business is targeting international investors and banks seeking to outsource the work-out of their non-performing loans. The local team, supported by colleagues from Frankfurt and Vienna, already manages a real-estate-secured NPL portfolio worth tens of millions of Euro.
In addition to investment and asset management of commercial property and loans secured on real estate, Silverton’s services include consultancy on transactions and settlement in the fields of special situations, distressed debt and real estate, as well as risk advisory and banking consultancy services. Silverton is one of the few credit service providers in Germany to be granted a licence to provide payment services („Zahlungslizenz“) from the Bundesanstalt für Finanzdienstleistungsaufsicht („BaFin“ – the federal office for supervision of financial services). The company has offices in Frankfurt, Munich, Madrid and New York.
720° Restructuring & Advisory brings together a team of experts with a strong banking background, specialising in the management of non-performing loans (NPLs). The company also provides financial consultancy services for financial institutions and debt advisory for corporates. The 720 Restructuring & Advisory team has accumulated over 50 years‘ experience in the central and eastern European markets. The company benefits from a dense network and outstanding knowledge of the local markets. So far, the team has managed NPLs with a total volume of 15 billion Euro.