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Cerberus Considers Merging Haya With Another Servicer

Several servicers have expressed interest in an operation, but any deal seems unlikely at the moment given Haya's complex financial situation.

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The North American fund Cerberus is trying, albeit without success to date, to sell or merge Haya Real Estate, its servicer in Spain, according to various market sources speaking to Brainsre.news.

In 2018, the company tried to go public, at a buoyant time for servicing and when Haya it had more than 39.884 billion euros in assets under management. The valuation of the company at that time exceeded 1.2 billion euros. However, it was unable to close the placement and so in 2020, Cerberus commissioned the sale of the firm, but that did not come to fruition either.

Read the full article in Spanish.


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