APS Holding, a prominent investor and manager of non-performing loans (NPLs) and distressed assets, aims to acquire portfolio deals totaling €3.3 billion ($3.55 billion) in nominal value. This strategic move follows a recently established co-investment program with the European Bank for Reconstruction and Development (EBRD). The partnership, announced on May 11, 2026, involves an EBRD investment of up to €75 million into APS's program, enabling APS to significantly expand its distressed asset acquisitions across the EBRD regions.
The acquisitions will primarily target markets in Central, Eastern, and Southern Europe, areas where APS has a strong existing presence and expertise. This initiative falls under the EBRD's €300 million NPL Resolution Framework II, which is designed to bolster financial sector stability and economic resilience by addressing the challenge of NPLs. The collaboration leverages APS's specialized investment expertise, local market knowledge, and in-house servicing capabilities to facilitate the responsible resolution of distressed exposures.
APS, founded in Prague in 2004, manages assets with a total nominal value exceeding €12.5 billion ($13.5 billion). The company has a track record of achieving a weighted average Internal Rate of Return (IRR) of over 20% on its investments. The expansion into new portfolio deals underscores APS's long-term growth strategy in special situations investing and its commitment to returning capital to productive use within the real economy. This move also highlights the continued investor interest in distressed debt opportunities, particularly in European markets.
