Advised AS “Moda Kapitāls” on sale of loan portfolio

Skrastiņš & Dzenis acted as legal adviser to AS “Moda Kapitāls”, owner of one of the largest Latvia’s pawnshop network, on the sale of AS “Moda Kapitāls” loan portfolio of consumer credits against movable collateral, brand name and goods in its stock that are not movable collateral to AS “DelfinGroup”. The value of the said transaction is approximately 1 M EUR.

AS “Moda Kapitāls” owns 25 branches throughout Latvia. Further on AS “Moda Kapitāls” will continue its consumer crediting business specializing in consumer crediting against real estate collateral and consumer crediting without a collateral.

Our team provided general advice on the conclusion of such a transaction. The team was led by partner Verners Skrastiņš and associate Evija Ābele.