doValue to quit Portuguese NPL market

 In News, NPLs, TGV

The Italian company doValue, which in Portugal offers credit portfolio, real estate, bank and investor asset management services, is pulling out of the country.

It is the second company of its kind after LX Partners (€4Bn of assets under management) to quit the Portuguese credit default and non-performing loans market after selling its €500 million portfolio of managed assets.
The sale process of doValue Portugal which, the company told the online news service ECO, is underway, is being guided by PwC Spain.
According to doValue Portugal “the sale process is running smoothly and has already received interest from more than 10 potential buyers.”
One of the reasons for the strong interest in the company has to do with its restructuring process begun in the first quarter of 2023 to turn the company into a “boutique servicer focused on various strategic services to settle company debts and manage complex assets”.
“In this context, we have attracted new clients, including those with a strategic role, thereby accumulating a vast and relevant experience in his specialisation”, doValue Portugal told ECO.