Abris Capital Partners has provided funding to invest in GetBack SA, a leading non-performing loan (NPL) recovery businesses in Poland and Romania.
GetBack SA has three principle business lines:
- Recovery of loan portfolios purchased on own balance sheet. Typically acquired from banks through either an auction or negotiation process.
- Service and recovery of loan portfolios acquired with funding from high net worth individuals (HNWIs). GetBack purchases NPL portfolios on behalf of externally-managed funds subscribed by Polish HNWIs.
Service and recovery of loan portfolios acquired with funding from institutional investors, domestic and foreign. GetBack typically co-invests with investment institutions to purchase NPL portfolios.
GetBack is growing strongly in both Poland and Romania; the company was the largest acquirer of NPLs in Poland in 2015. Substantial further growth is expected in 2016 and beyond.