APS Holding

APS was established

APS expanded
APS performed its first cross-border transactions in Serbia and Slovakia and progressively expanded its operations and services.

Greenfiend operations started in Romania and a new service platform was acquired in Poland

Our company saw a year of remarkable expansion. With the backing of London and US-based investors, new investment platforms were established in Poland and Romania.

Acquistion of securitization fund Varde in Poland

Considerable securitization fund from Varde in Poland was acquired.

Greenfield expansion into Bulgaria

In 2012 greenfield expansion into Bulgaria, where we successfully obtained the first corporate NPL portfolio ever to be marketed in that country, took place

In Eastern and Southern Europe, the renowned IFC partnered with us to tackle NPL markets.

APS marked another momentous step in its history. The initiation of our respected relationship with the International Finance Corporation (IFC; a member of the World Bank Group) was another turning point in our development

APS won for investors its first secured retail portfolio from Volksbank Romania with a NV surpassing EUR 500 million.

Martin Machoň, CEO and previously a minority shareholder, purchased the majority interest of APS and became the sole shareholder.

We launched a brand-new real estate investment services division in the same year, thereby broadening the range of our product portfolio.

APS executed the largest transaction of its type in South-eastern Europe and acquired management of portfolios with a total value of EUR 1.3 billion.

We continued growing and entered the markets in Croatia, Hungary, and Cyprus – where we successfully participated in NPL portfolio auctions. Moreover, this year was marked by the launch of APS Delta, a Luxembourg non-regulated securitization vehicle.

APS Romania reached the milestone of 10 years on the market.

Additionally, APS acquired Hellenic Bank Public Company Ltd’s NPL and real estate management business in Cyprus, thereby initiating the full operation of the new Real Estate division. The aim of the collaboration was based on a joint-venture model to support the recovery of the Cypriot economy.

APS presence was significantly extended.

We launched operations in Greece by securing the biggest deal in our 15-year history – Piraeus Bank’s NPL portfolio with a NV exceeding EUR 2.3 billion. The APS Real Estate wing took over part of the commercial leasing portfolio originally held by the Real Estate Division of Immigon and started managing contracts with a total value of EUR 13 million. Finally, we proceeded to set up offices in Bosnia and Herzegovina and Montenegro.

The expansion in the Balkans continued in 2019 with the acquisition of two new NPL portfolios in Bosnia and Herzegovina and Montenegro. This purchase meant we became the leading debt investor and servicer in South-eastern Europe. Our Real Estate division introduced the Casazela and Syndre Valuation network operating in Croatia, Czechia, Hungary, Romania, and Serbia.

In 2020 APS advised with respect to non-performing loans to Loan Management Investment Fund. Fund was fully invested and allocated a total of EUR 87 million across sixteen well-diversified transactions.

Another momentous change came in 2021 with the launch of APS CREDIT FUND SICAV. The first subfund RHAPSODY has collected over EUR 32 million, focuses on investments into distressed debt transactions and large corporate receivables secured by real estate assets. Examples of such collateral include logistics centers, hotels, office and residential buildings, and land. The fund set its investment strategy to reflect the economic situation of companies and consumers being burdened by the consequences of the global post-COVID-19 environment.

In 2022 APS acquired a corporate and SME-secured loan portfolio with a nominal value exceeding one billion euro in Greece. In September we launched the second subfund RHAPSODY II, and we raised aprox EUR 23 million (APS CREDIT FUND SICAV raised together aprox. EUR 55 million). The subfund represents an investment opportunity with an expected above-standard return. The newly established fund aims to purchase problematic overdue receivables

APS Group has successfully acquired a corporate and SME secured loan portfolio with a nominal value exceeding one billion euros from Bain Capital, marking another significant milestone in its history. The company has also completed the acquisition of a portfolio from one of Poland’s largest banks. Additionally, APS Group purchased non-performing loans from a Romanian bank, with the nominal value of the acquired portfolio totaling 24 million euros.

APS Investment has once again acquired a significant number of portfolios in the SEE region, including from major banks in Romania, Poland, and Bulgaria. In September, APS Investment launched its third subfund, RHAPSODY III, raising over EUR 17 million (with APS CREDIT FUND SICAV collectively raising approximately EUR 76 million). At the end of the year, APS Investment’s first subfund, RHAPSODY, successfully completed its investment period.