Background

  • Celeris Servicios Financieros (Celeris) was initially set up by Spanish savings banks, and it specialised in personal credit and consumer finance at the point of sale, as well as auto finance and debt consolidation through mortgages
  • The personal loan and point of sale activities employed c.200 people, of which over 120 were dedicated to debt collection and central services

Process

  • DC Advisory (DC) has advised Celeris’ shareholders on the sale of a consumer business with loans of €285m (performing and non-performing) and on the transfer of its portfolio of performing mortgage loans
  • DC advised Celeris in this process, including the analysis and valuation of the different asset types / businesses, providing shareholder support in choosing the appropriate strategies and executing them