Global law firm Ashurst has advised Negentropy Capital Partners (Negentropy) on the Luxembourg aspects of its €180m investments in Italy.

The Ashurst team led by partners Antonios Nezeritis and Isabelle Lentz advised on the Luxembourg aspects of the investments.

This included:

In February 2020, assisting Negentropy in the completion of the Belvedere project, which consisted of the purchase of senior notes within a securitization of a portfolio of non-performing loans with a total gross book value of €2.5 billion;

In April 2020, advising Negentropy on the subscription of the entire senior tranche issued in the context of a securitization transaction of a non-performing loan portfolio with a total gross value of €1.7 billion;

 In June 2020, assisting Negentropy in the completion of a project which consisted of a senior secured loan, guaranteed by a portfolio of 28 properties, for a market value of more than €100 million; and

In November 2020, advising Negentropy on project Opera which consisted of a debt restructuring agreement with a securitization vehicle for a total gross book value of over €90 million.