Our investment structure in the Nordics is now well established!

Third year in a row for Helix Ice with deals worth +100 MEUR in the Nordics and we can now see that the type of structure, that we introduced to the Nordic market in the beginning of 2021, is now in similar arrangements being established by others as well. 

We have administrated the launch of four different SPV:s and have during 2023 seen a dramatic change in how the Nordic market have changed when it comes to investors, buyers and servicers. 

Hoist Finance, North Wall Capital and Cerberus have in different type of deals acquired Nordic NPL portfolios and we know that some other, more unofficial deals with other investors in the background, also have been taking place. Tenders regarding NPL portfolios in the Nordics, especially within Bank & Finance, now have less buyers involved and we also see that some banks are looking into other solutions than the traditional way of working with auctions and bidders. For example, Lowell and Resurs Bank announced a partnership with a securitization solution for the NPL portfolios in Sweden, Finland and Denmark. That type of structure is similar to the ones we have been setting up and we have noticed a big attention from other banks in the Nordics to look into these solutions.

We have kept a share of about 85% of our deals value in the Bank & Finance segment and 15% in the Telecom segment. Looking at the deal pipeline for 2024 and the dialogues that are taking place right now, we believe that the Bank & Finance segment in the Nordic region is still the most interesting when it comes to opportunities for investors as a lot of banks are looking to sell of their NPL portfolios.

We have had challenges when it comes to the collection rates in the Nordics but are still in line or just above our forecasted collections on almost all NPL portfolios. This as we work closely with our different servicing partners and keep a focus on high activity rates to keep up the contact with the debtors to help them find the best possible way to get debt free.

Feel free to contact us for a dialogue regarding the NPL market in the Nordic region and to discuss different type of securitization solutions, market opportunities or different type of collaborations. And if you plan to attend the NPL Europe 2024 in London hosted by SmithNovak in the beginning of March, lets meet up and discuss your views on the latest trends in the NPL portfolio business. We will be there as we see it as a perfect place to share and gain new knowledge regarding the upcoming NPL transactions across Europe and talk about different type of solutions.