Creation of US$ 1.5 billion NPL fund in Brazil

Marval, O’Farrell & Mairal advised Recovery Group on the creation of the biggest fund of its kind in Brazil to invest in Brazilian non-performing loan portfolios (NPL). Recovery Group led other consortium members, UBS Pactual and CIGPF II, an affiliate of Citigroup, in the acquisitions of NPL from several Brazilian financial institutions. For more information, click here.