{"id":1776,"date":"2020-02-28T03:28:00","date_gmt":"2020-02-28T03:28:00","guid":{"rendered":"https:\/\/staging.earnnest.me\/web\/?p=1776"},"modified":"2024-04-12T10:49:14","modified_gmt":"2024-04-12T10:49:14","slug":"certus-partnered-an-institution-us40bn-aum-in-its-us500mm-acquisition-bid","status":"publish","type":"post","link":"https:\/\/www.earnnest.me\/web\/certus-partnered-an-institution-us40bn-aum-in-its-us500mm-acquisition-bid\/","title":{"rendered":"Certus partnered an institution (US$40Bn+ AUM) in its ~\u20b93,500 crore acquisition bid"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"1776\" class=\"elementor elementor-1776\" data-elementor-settings=\"[]\">\n\t\t\t\t\t\t\t<div class=\"elementor-section-wrap\">\n\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-0f99f8b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"0f99f8b\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-464c995\" data-id=\"464c995\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-358ef2f elementor-widget elementor-widget-text-editor\" data-id=\"358ef2f\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<p>A local non-bank RE financier (\u201cLender\u201d), with an AUM of ~\u20b96,600 crores (across 80+ projects), defaulted on its debt obligations in Sep 2019. The secured creditors (25+ creditors with an aggregate exposure of ~\u20b94,000 crores) took control of the Lender through a steering committee and invited bids for the platform \/ its assets. They received bids from five investors of which two investors (including the Certus partnered Investor) went to the final round and submitted binding bids. The competing bid won by a marginal difference.<\/p><p>Certus team curated a Focus Portfolio for detailed grounds-up underwriting and full-scope accelerated diligence. Focus Portfolio represented 80%+ of the Lender\u2019s loan book (by value).<\/p><p>Leveraging our extensive RE lending \/ equity underwriting experience and relationships across the RE ecosystem, Certus team spearheaded the grounds up assessment of each loan position in the Focus Portfolio.<\/p><p>In collaboration with the Investor, we defined the scope of an accelerated diligence. Diligence streams included technical (entitlements and approvals), market, legal (land title and security documentation) and financial diligence of the underlying projects.<\/p><p>In the event of a successful acquisition of the platform by the Investor, Certus would take over management of the platform to implement the turnaround strategy.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>A local non-bank RE financier (\u201cLender\u201d), with an AUM of ~\u20b96,600 crores (across 80+ projects), defaulted on its debt obligations in Sep 2019. The secured creditors (25+ creditors with an aggregate exposure of ~\u20b94,000 crores) took control of the Lender through a steering committee and invited bids for the platform \/ its assets. They received [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1782,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"class_list":["post-1776","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-success-story"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Certus partnered an institution (US$40Bn+ AUM) in its ~\u20b93,500 crore acquisition bid - Earnnest<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.earnnest.me\/web\/certus-partnered-an-institution-us40bn-aum-in-its-us500mm-acquisition-bid\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Certus partnered an institution (US$40Bn+ AUM) in its ~\u20b93,500 crore acquisition bid - Earnnest\" \/>\n<meta property=\"og:description\" content=\"A local non-bank RE financier (\u201cLender\u201d), with an AUM of ~\u20b96,600 crores (across 80+ projects), defaulted on its debt obligations in Sep 2019. 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