Hoist Finance AB (publ) (OM:HOFI) entered into an agreement to acquire Portfolio of Non-Performing Loans from GetBack S.A. for approximately PLN 400 million on February 1, 2019. According to representatives of GetBack, most of the funds obtained from the transaction are to be used to repay secured liabilities at easyDebt NS FIZ fund. The transaction is subject to shareholder approval and approval from the relevant authorities.
Deal is expected to complete in mid-April. As of April 4, 2019, the transaction is expected to close in the spring of 2019. Agnieszka Janicka, Tomasz Derda, Krzysztof Hajdamowicz, Kacper Bardan, Katarzyna Aleksandrowicz, Iwona Terlecka, Lukasz Maminski and Anna Lyczakowska of Clifford Chance LLP acted as legal advisor to Hoist Finance AB.
Adam Stopyra, Lech Gilicinski and Lech Najbauer of K&L Gates Jamka sp.k acted as legal advisor for GetBack.