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Louvre BidCo SAS
France

This is a Subsidiary, click here for the Parent Company

Business Summary
Louvre BidCo SAS was formed by BC Partners to facilitate its acquisition of Promontoria MCS SAS ("MCS"). MCS operates as the leader in the French debt purchasing market by purchasing from banks their non-performing loans to small and medium-sized enterprises as well as consumers on an unsecured and secured basis. The Company acquires mainly secured large (i.e. above €20,000 balance) NPLs at a deep discount to the total outstanding loan, and uses third-party and in-house collection teams in the process of debt collection, generally through litigation if settlement is not achieved beforehand. MCS also acts as a servicer of performing and non-performing bank debt.

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Thursday, October 31, 2024