Capital/Financing Update • Feb 5, 2021
Capital/Financing Update
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Founded in 2005, and with an AUM of approximately USD 12.3 billion as of 1 October 2020, Magnetar has an established track record of working across a wide-range of investment types and jurisdictions. Its Alternative Credit and Fixed Income team has invested over USD 4 billion (equivalent) of capital into more than 50 risk transfer transactions.
"Through this partnership, Magnetar will expand our investment profile in the European NPL markets in a securitization format consistent with our extensive history in bank risk transfer solutions. Hoist Finance is an ideal partner given their long-standing experience in purchasing and servicing debt in the major European NPL markets as well as their rigorous operational and compliance practices required by their banking model and evidenced by their track record," says Alan Shaffran, Senior Portfolio Manager and European Head at Magnetar.
Hoist Finance (London branch) and Deutsche Bank AG acted as Arrangers in designing the Programme, White & Case acted as legal advisor to Hoist Finance and Clifford Chance as legal advisor to Magnetar.
This information is information that Hoist Finance AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out below, at 20:00 CET on 5 February, 2021.
Andreas Lindblom, Head of Investor Relations Telephone: +46 (0) 72 506 14 22
Hoist Finance is a trusted debt resolution partner to individuals, companies and banks in eleven European countries. With over 1,600 dedicated colleagues, smart digital solutions and a deep understanding of individual financial circumstances, we help over six million customers keep their commitments. This is achieved by agreeing on sustainable repayment plans so that everyone is included within the financial ecosystem. Hoist Finance has a diverse portfolio of asset classes and our online savings platform in Sweden and Germany enables our unique funding model. Hoist Finance was founded in 1994 and is today a public company listed on Nasdaq Stockholm. For more information, please visit hoistfinance.com.
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