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Alpine Bau

Following the news that the Austrian subsidiary of a large Spanish construction company had filed for insolvency protection, SC Lowy commenced rigorous analysis on the situation, and consequently was well positioned when the claims began to trade.

Objective

The situation was an especially complex cross-border structure with variety of liabilities both secured and unsecured. Lenders and guarantors found significant value in our assessment of situation and when they decided to exit their positions, they asked for our assistance.

Transaction

Between September 2013 and March 2014, SC Lowy traded EUR 85 million of claims into the estate of Alpine Bau GmbH.

Outcome

As an independent market-maker with a strong balance sheet and a solid reputation for absolute trust and confidentiality, SC Lowy was uniquely placed to create liquidity even under the most sensitive circumstances.