Archive: Announcements

MILAN – Värde Partners, Barclays investment bank and Guber Banca announced today the joint acquisition of a portfolio of non-performing loans originated by 53 cooperative banks, rural banks and popolari banks spread throughout Italy. The gross book value (GBV) of the portfolio is €1.397 billion. Centrale Credit & Real Estate Solutions (CCRES), part of Cassa…

LONDON – Värde Partners, the global alternative investment firm, announced today the hire of Shannon Gallagher as Head of EMEA Business Development and Investor Relations. Based in Värde’s London office, Shannon will lead the team responsible for developing and cultivating relationships with Värde’s investors across Europe, the Middle East and Africa. “We are pleased to…

NEW YORK and MINNEAPOLIS – An investor group led by funds managed by affiliates of Apollo Global Management, LLC (“Apollo”) (NYSE:APO) and Värde Partners, Inc. (“Värde”) completed the previously announced acquisition of an approximately 40.5% equity interest in OneMain Holdings, Inc. (“OneMain”) (NYSE:OMF) from investment funds managed by an affiliate of Fortress Investment Group LLC…

LONDON – Oak Hill Advisors (“OHA”) and Värde Partners (“Värde”) announced today they entered into an agreement to acquire a US$1 billion portfolio of shipping loans from Deutsche Bank. The transaction is expected to close in the third quarter of 2018 pending regulatory approvals. This represents the second sale of shipping loan portfolios from European…

LONDON – Oak Hill Advisors (“OHA”) and Värde Partners (“Värde”) announced today they entered into an agreement to acquire a US$1 billion portfolio of shipping loans from Deutsche Bank. The transaction is expected to cloMINNEAPOLIS – Värde Partners, the global alternative investment firm, today announced the closing of a $61.5 million loan for a 729,000…

MINNEAPOLIS – Värde Partners is pleased to share Co-Founder and Executive Chair Marcia Page’s commencement address to the University of Minnesota Carlson School of Management’s 2018 graduating class. Marcia addressed the importance of making good choices in business and in life as a path to demonstrating strong character. Furthermore, she challenged the graduates to consider the character…

MINNEAPOLIS – Värde Partners, the global alternative investment firm, is pleased to announce that its CEO and Co-Founder, George Hicks, and Co-CIO, Ilfryn Carstairs, both participated in panel discussions at the Milken Institute Global Conference in Los Angeles, California this week. George participated in the Common Sense from Uncommon Investors session with other founders of leading alternative…

MINNEAPOLIS and NEW YORK – Värde Partners, the global alternative investment firm, today announced the hire of Andrea Raphael as Global Head of Communications and Public Affairs. Based in Värde’s New York office, Andrea will develop and lead communications and branding efforts across all regions and investing segments. “As we continue to grow as a leading,…

MINNEAPOLIS – Värde Partners, the global alternative investment firm, today announced the final close of Värde Mortgage Fund II (“VMFII” or “the Fund”) with $750 million in committed capital, reaching the hard cap set for the Fund. The Fund’s mandate is to invest in U.S. commercial and residential mortgage opportunities. VMFII will seek investments in…

Värde Partners to become the sole shareholder of WiZink, a leading independent digital bank specialized in revolving credit in Spain and Portugal. WiZink will transfer the debit and credit cards of Banco Popular customers to Grupo Santander. WiZink will remain focused on providing consumer credit and savings products as a market leader in flexible payment solutions.…