News

LynxCap Investments AG, a Swiss-based specialist in the acquisition of real estate secured claims, in partnership with New York-based MHR Fund Management LLC, is pleased to announce the successful acquisition of a portfolio of real estate secured claims from a European commercial bank. The portfolio includes non-performing real estate secured loans as well as real estate owned (REO) properties, consisting primarily of residential assets in the Spanish market. GCV (gross collection value) together with MV (market value) of REO’s is 21.5 MEUR.

LynxCap Investments AG, a Swiss-based specialist in the acquisition of real estate secured claims, in partnership with New York-based MHR Fund Management LLC, is pleased to announce the successful acquisition of a portfolio of real estate secured claims from a US-based asset manager. The portfolio includes performing and non-performing real estate secured loans as well as real estate owned (REO) properties, consisting primarily of residential assets in the Spanish market. GCV (gross collection value) of the portfolio is in excess of 100 MEUR.

Total repayment of bonds issued in Slovenia between 2019-2021 amounted to EUR 17 823 562.

LynxCap is pleased to announce that LCL Opportunities S.C.S. has paid a coupon to bondholders due on 29/12/2023 under its secured Bond Programme for the following Sr. Secured Bonds - EUR 11,00 UNT LCL OPPORT LUX (E) 311027. The bonds are listed on the Euro MTF section of the Luxembourg Stock Exchange.

LynxCap is pleased to announce that LCL Opportunities S.C.S. has paid a coupon to bondholders due on 29/12/2023 under its secured Bond Programme for the following Sr. Secured Bonds - EUR 11,00 UNT LCL OPPORT LUX (C) 120627. The bonds are listed on the Euro MTF section of the Luxembourg Stock Exchange.

LynxCap is pleased to announce that LCL Opportunities S.C.S. has paid a coupon to bondholders due on 29/12/2023 under its secured Bond Programme for the following Sr. Secured Bonds - EUR 9,00 LCL OPPORT LUX (REGS/A) 22-2026. The bonds are listed on the Euro MTF section of the Luxembourg Stock Exchange.

Reports can be found under the following links: https://www.eurorating.com/en/ratings/corporate/lcl-opportunities-luxembourg-plc-issuer https://www.eurorating.com/en/ratings/corporate/lcl-opportunities-luxembourg-bond-issue EuroRating is formally registered in the European Union as a credit rating agency, in accordance with the Regulation of the European Parliament and of the Council No. 1060/2009 on credit rating agencies, and is under direct supervision of the European Securities and Markets Authority (ESMA). EuroRating holds the ECAI status (External Credit Assessment Institution) pursuant to the Regulation of the European Parliament and of the Council No. 575/2013 on prudential requirements for credit institutions and investment firms (CRR Directive). Credit ratings (including unsolicited ratings) assigned by EuroRating are valid throughout the European Union and can be used (free of charge) for regulatory purposes under EU legislation by all financial institutions or any other entities and are entirely equal to credit ratings issued by other credit rating agencies registered by ESMA, without territorial or any other limitations.

LynxCap is pleased to announce that LCL Opportunities S.C.S. has paid a coupon to bondholders due on 30/09/2023 under its secured Bond Programme for the following Sr. Secured Bonds - EUR 11,00 UNT LCL OPPORT LUX (C) 120627. The bonds are listed on the Euro MTF section of the Luxembourg Stock Exchange.

LynxCap is pleased to announce that LCL Opportunities S.C.S. has paid a coupon to bondholders due on 30/09/2023 under its secured Bond Programme for the following Sr. Secured Bonds - EUR 9,00 LCL OPPORT LUX (REGS/A) 22-2026. The bonds are listed on the Euro MTF section of the Luxembourg Stock Exchange.

Jason Kim Jong Kuk is LynxCap Investment Asia’s new head of fundraising. He has over 30 years of experience primarily at Credit Suisse, Goldman Sachs and more recently at Mizuho Securities as Managing Director and Head of Asia Fixed Income Sales and Head of Asia Solution Sales specializing in non-generic fixed income products dealing with non-bank financial institutions, pension funds and insurance firms. Jason is a welcome addition to our expanding team and we look forward to continued growth and success with such a wonderful new hire.

LynxCap Investments AG and LCL Opportunities S.C.S. published its 2022 audited financial results. On consolidated basis, LynxCap group companies earned profits of approximately CHF 1.64 million. Company assets surpass 60 MCHF threshold.

LynxCap is pleased to announce that LCL Opportunities S.C.S. has paid a coupon to bondholders due on 30/06/2023 under its secured Bond Programme for the following Sr. Secured Bonds - EUR 11,00 UNT LCL OPPORT LUX (C) 120627. The bonds are listed on the Euro MTF section of the Luxembourg Stock Exchange.

LynxCap is pleased to announce that LCL Opportunities S.C.S. has paid a coupon to bondholders due on 30/06/2023 under its secured Bond Programme for the following Sr. Secured Bonds - EUR 9,00 LCL OPPORT LUX (REGS/A) 22-2026. The bonds are listed on the Euro MTF section of the Luxembourg Stock Exchange.

Issue size corresponds to the amount LynxCap required to finance the acquisition of three recently won portfolios. The rest of the purchase price for the won portfolios came from collections. LCL Opportunities Luxembourg S.C.S. is pleased to announce that it has successfully issued senior secured fixed-rate bonds of EUR 3.5 million under a framework of up to EUR 100 million. The bonds have a four-year tenor and carry a fixed rate coupon of 11 percent per annum. Consistent with the Private Placement Memorandum, LynxCap has offered its investors a professional payment guarantee and a parent guarantee. The bonds were issued at 100 percent of the nominal amount and rank pari-passu with bonds issued in August 2022.

The portfolio comprises retail exposures with underlying real estate assets having a market value of approximately 19.3 MEUR.

The LynxCap advisory committee members have over 100 years of combined experience in international business and investments in diverse fields such as securities law, finance and capital management, foreign exchange, fixed income, hedge funds, private equity, private debt, economics and asset management. The advisory committee was formed to provide LynxCap with insights based on the deep expertise, varied perspectives and collective wisdom of its respective members. LynxCap is pleased to welcome: Claudius Tsang, CEO of three NASDAQ-listed companies as well as the past co-head of private equity, North Asia, at Templeton Asset Management Ltd. and a partner of Templeton Private Equity Partners; Jaromir Cernik, a partner in a special situation fund, the prior vice president of a private equity investment company and a former Corporate Finance team Associate Director at Deloitte China in Hong Kong as well as the Hong Kong resident Chief Representative and Regional Director of CzechInvest for Southeast Asia; Carine Truong, the founder and CEO of Careva Aero Capital, with extensive transactional experience in challenging markets, a member of the Technical Standing Committee of the Hague Court of Arbitration for Aviation as well as a visiting professor in Air Transport Economy at Tsinghua University School of Economics & Management in Beijing and the Hong Kong International Aviation Academy; Jacob Fisher, the Asia Pacific Strategic Client Director and Global Head of FX Solutions at Apex Group based in Hong Kong, formerly at Bloomberg Hong Kong as well as Bank of Montreal in Hong Kong and has also actively advised the Canadian Ministry of Finance, the Bank of Canada and the US Department of Treasury and Daven Patel, has over two decades of experience in distressed credit, corporate restructuring, opportunistic real estate, and special situations globally and was the prior Director of the Global Special Situations Group at Bank of America-Merrill Lynch.

LynxCap is pleased to announce that LCL Opportunities S.C.S. has paid a coupon to bondholders due on 19/04/2023 under its secured Bond Programme for the following Sr. Secured Bonds - EUR 9,00 LCL OPPORT LUX (REGS/A) 22-2026. The bonds are listed on the Euro MTF section of the Luxembourg Stock Exchange.

LynxCap is pleased to announce that LCL Opportunities S.C.S. has paid a coupon to bondholders due on 01/04/2023 under its secured Bond Programme for the following Sr. Secured Bonds - EUR 9,00 LCL OPPORT LUX (REGS/A) 22-2026. The bonds are listed on the Euro MTF section of the Luxembourg Stock Exchange.

LynxCap is pleased to announce that LCL Opportunities S.C.S. has paid a coupon to bondholders due on 31/03/2024 under its secured Bond Programme for the following Sr. Secured Bonds - EUR 11,00 UNT LCL OPPORT LUX (E) 311027. The bonds are listed on the Euro MTF section of the Luxembourg Stock Exchange.

All Senior secured bonds issued in Slovenia by LynxCap’s affiliates have been repaid.

LynxCap Investments AG is delighted to announce that on 26 January 2023 a meeting of the bondholders was held, on which 99,47% of the bondholders were represented. The bondholders unanimously voted in favour of the listing and trading of the bonds issued by LCL Opportunities Luxembourg S.C.S. on the Euro MTF of the Luxembourg Stock Exchange. The Luxembourg Stock Exchange officially approved the shifting on 27 January 2023.

LynxCap is pleased to announce that LCL Opportunities S.C.S. has paid a coupon to bondholders due on 01/01/2023 under its secured Bond Programme for the following Sr. Secured Bonds - EUR 9,00 LCL OPPORT LUX (REGS/A) 22-2026. The bonds are listed on the Euro MTF section of the Luxembourg Stock Exchange.

LCL Opportunities Luxembourg S.C.S. is pleased to announce that it has successfully increased the senior secured fixed rate bonds issue to EUR 30 million under a framework of up to EUR 100 million. The bonds have a four-year tenor and carry a fixed rate coupon of 9.00 per cent per annum. Consistent with the Private Placement Memorandum, LynxCap has offered a professional payment guarantee as well as a parent guarantee to all its investors. The proceeds from the bond issue will be used to acquire non-performing loan portfolios and REO portfolios in Southern as well as Central and Eastern Europe. Clément Konrad & Partners S.à r.l. (Bertrand Job – Partner), acted as legal advisors for the bond issue. LynxCap investors include pension fund managers, professional asset managers as well as mutual funds and insurance funds.

LynxCap is pleased to announce that LCL Opportunities S.C.S. has paid a coupon to bondholders due on 01/10/2022 under its secured Bond Programme for the following Sr. Secured Bonds - EUR 9,00 LCL OPPORT LUX (REGS/A) 22-2026. The bonds are listed on the Euro MTF section of the Luxembourg Stock Exchange.

LCL Opportunities Luxembourg S.C.S. is pleased to announce that it has successfully issued senior secured fixed rate bonds in the amount of EUR 20 million under a framework of up to EUR 100 million. The amount of the issue corresponds to LynxCap’s financing needs and is consistent with LynxCap’s strategy to match its investment pipeline with capital raised. The bonds have a four-year tenor and carry a fixed rate coupon of 9.00 per cent per annum. Consistent with the Private Placement Memorandum, LynxCap has offered a professional payment guarantee as well as a parent guarantee to all its investors. The bonds were issued at a price of 100 percent of the nominal amount. The proceeds from the new bond issue will be used to acquire non-performing loan portfolios and REO portfolios in Southern as well as Central and Eastern Europe. Clément Konrad & Partners S.à r.l. (Bertrand Job – Partner), acted as legal advisors for the bond issue. LynxCap investors include Swiss pension fund managers and professional asset managers as well as regional mutual funds and pension funds.

Paul has over 15 years of experience in the IT industry. Although primarily focused on the finance sector, Paul has held a wide variety of roles in several multi-national corporations and brings a wealth of knowledge and a broad range of skills. Together with his leadership and project management experience, Paul will enhance LynxCap’s software application and IT capabilities and will be the key force that drives LynxCap forward in the future.

The video recording can be accessed here

The bond was issued on 5 June 2019, with a coupon rate of 10% and ISIN: SI0032103887

Alexander has been a corporate and transactional lawyer in greater China for over two decades and brings a wealth of experience and know-how in multiple disciplines. Alexander comes to us from Hill Dickinson Hong Kong, where he was a senior corporate lawyer and the data privacy practice leader. Alexander brings a unique set of skills, perspectives and relationships. Under his leadership, we hope to grow and develop our organization, strengthen our partnerships and build new relationships.

LynxCap Investments AG has published its 2021 audited financial results. LynxCap group earned profits of approximately CHF 1.72 million on a consolidated basis. Company assets reach 49.3 million CHF

LynxCap completes yet another transaction by acquiring consumer portfolio from a Slovenian bank with gross collection value of non-performing loans amounting to EUR 38 million.

Tea and Dora previously worked at B2Holding ASA at the Group level and covered the 23 countries in which the Group had operations. Tea was the Head of Portfolio Management at B2’s Investment office and Dora was the Senior legal Advisor of B2’s Group Transaction team.

LynxCap completes yet another transaction by acquiring real estate secured SME portfolio in Slovenia with gross collection value of the non-performing loans amounting to EUR 40 million. The acquisition was funded by a combination of equity and bonds.

LynxCap plans to make additional investments into the property to increase its value.

LynxCap completes an acquisition of non-performing loans portfolio from a Slovenian bank. The gross collection value of the non-performing loans amounts to EUR 23 million. The acquisition was funded by a combination of equity and bonds.

LynxCap Group AG has purchased two non-performing loan and REO portfolios from a member of the Raiffeisen Bank Group. The portfolios comprise Serbian and Croatian secured SME and corporate loans as well as unsecured corporate exposure. The total exposure for all claims is EUR 46 million. The successful completion of the latest portfolio acquisitions demonstrates the growth path of LynxCap Group in the region. LynxCap would also like to take the opportunity and thank Raiffeisen Bank as well as all involved advisors for their professional approach during these unprecedented times.

The companies operate in Montenegro and Bosnia and Herzegovina.

LynxCap completes an acquisition of a portfolio of non-performing loans and REO properties from a leading Slovenian bank operating in Southeastern Europe.The gross collection value of the non-performing loans amounts to over EUR 25 million while the market value of real estate exceeds EUR 15 million. The acquisition was funded by a combination of equity and bonds with annual coupon of 8%.