Lille – 21th June of 2021
Copernicus, an independent global platform for managing performing and non-performing loans and foreclosed real estate assets (REOs), announces its entry into the French market with the creation of Copernicus France in Lille.
France has the highest volume of NPLs in Europe in absolute terms. The greater pressure on financial institutions to reduce Non Performing Loans (NPLs) and the increased forecast due to the impact on the economy of Covid will accelerate the activity of the non-core asset market that has been growing in recent years.
Gonzalo Moro, President of Copernicus France and Head of International Expansion at Copernicus Group, said:
“We are building a Global Group and offer comprehensive servicing solutions to our clients for loans with real estate collateral (Corporate / SME / Residential Mortgages) and Real Estate assets (REOs). Given the evolution of the French market, we understand that an independent servicer with extensive experience in different countries will provide differential value in the market for both banks and investors, leveraging a local team. Copernicus France improves our geographic coverage and services to our current and potential Clients.”
Jérôme Vallée, CEO of Copernicus France said:
“Copernicus France is an independent asset management company with human and technological expertise that allows us to meet the requirements of our Clients and the French market. We are an agile, flexible and trusted platform for Funds and Banks. Copernicus France is already operational and is already working with a network of partners enabling the operational processing of our services in France. We provide a guarantee of quality and reliability.”
Copernicus is an independent global loan and asset management platform that currently operates in Spain, France, Italy, Portugal, Greece and Peru . Founded in Madrid 2013, Copernicus is specialized in advising, acquiring and managing portfolios and single names of secured loans for Corporates and SMEs, Residential Mortgages and foreclosed Real Estate assets (REOs)
With more than 10 billion euros of distressed assets under management, Copernicus is an independent asset management company that delivers an end-to-end service to its clients, covering the full investment cycle from origination to liquidation of the assets.
Copernicus, with its proprietary technology platform, provides services to investors for the acquisition and management of investment opportunities in secured loans and foreclosed assets. It also provides services to financial institutions who wish to maximize recoveries from NPLs in an efficient manner.
The Copernicus Advisory team has successfully advised in more than 140 transactions (of secured NPL and REO) in a wide range of scenarios, ranging from portfolios to single names. Copernicus Real Estate Asset Management offers creative and value-added solutions to our clients to maximize the value of singular and granular assets.