DSB Bank
Date of investment: June 2011
Type of investment: corporate carve-out
Status: in portfolio
Triacta and Novapars Capital bought the ~€115mln German loan portfolio from bankrupt DSB Bank, comprising mortgage loans, civil servants’ loans and car loans. The deal included the account service and back-office organisation in Germany with 14 staff.
Managing director Walter ten Hoor of Novapars Capital:
“After the collapse of DSB Bank, Triacta enabled us to bid quickly and decisively for this loan portfolio, and swiftly complete the transaction. Together we also established a strong service organisation which continues to manage the portfolio.”