Pollen Avenue Capital’s portfolio firm Finsolutia has agreed to accumulate Hipoges, a €50bn (£44.2bn) actual property and mortgage administration platform in Southern Europe.
The transaction will create a European tech-enabled credit score and real-estate servicing platform providing a single, end-to-end companion for main asset acquirers throughout the area, mentioned Pollen Avenue.
The acquisition will convey collectively €55bn in property below administration and nationwide protection throughout Spain, Portugal, Italy and Greece, the agency added.
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“We’re very excited to be becoming a member of forces with Hipoges,” mentioned Nuno ES Silva, founder and managing companion at Finsolutia. “This transaction expands our capabilities, providers, and consumer base. By combining market experience with superior know-how, we allow monetary establishments and asset house owners to ship quicker, extra compliant service, protecting us a most popular companion in Iberia and past alongside Hipoges.”
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“With Pollen Avenue Capital and Finsolutia, we’ve discovered companions who share our values, ardour and imaginative and prescient for the long run,” mentioned Hugo Velez and Claudio Panunzio, founders and co-managing companions at Hipoges. “We’re excited to embark on the subsequent chapter of this journey collectively, assured that this strategic partnership will ship enhanced worth for shoppers and new alternatives for our groups.”
Completion of the transaction is topic to customary regulatory approvals.
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