18 Nov 2015
M7 and Mount Street form Strategic Partnership in new JV
London, 18th November, 2015 – M7 Real Estate Ltd and Mount Street Loan Solutions LLP have created a new joint venture, Mount Seven LLP.
Mount Seven has been formed to be a co-investing operating partner in the pan European NPL markets. The Mount Seven business will combine the skill sets of the loan servicing business of Mount Street with the asset management and asset underwriting business of M7, providing investors in the NPL space with a complete operating partner solution.
The business has already signed heads of terms with an investor on an existing NPL portfolio sale and expects to play a major role in the various up-coming sales across Europe.
Mount Street currently services in excess of €25 billion of loan facilities in 14 countries across Europe and has offices in both London and Frankfurt. M7 Real Estate currently manages approx. €1.7bn of assets in over 35 million square feet, across 10 jurisdictions and has offices in London, Lisbon, Prague, Warsaw, Paris, Frankfurt, Copenhagen, Glasgow, Paris and Amsterdam.
Bill Sexton, Managing Partner of Mount Street said “The tie up with M7 is a logical step as we continue to enhance our offering to investors in the NPL arena. There are few operating partners that are able to underwrite both the assets and the loans let alone service both parts of the NPL equation post acquisition. We believe that the combined platform offers a unique service that will appeal both to vendors and investors”.
Richard Croft, M7’s Chief Executive added “We are delighted to partner with Mount Street in Mount Seven. The teams have worked together already on a couple of loan underwrites and the combination of the two skill sets really does in our opinion offer a unique and compelling service to investors in this space”.