What We Do
An overview of our activity areas in distressed debt and merchant banking, provided for informational purposes.
Areas of Activity
Our work spans four interconnected areas within the distressed credit and merchant banking landscape. The descriptions below are provided for informational purposes only.
NPL Portfolio Acquisition
We acquire non-performing loan portfolios from banks and financial institutions, including both secured and unsecured exposures. Portfolios may include residential mortgages, commercial real estate loans, corporate loans, and consumer credit. Our approach involves systematic due diligence, valuation modelling, and structured bidding processes tailored to each seller's requirements.
Distressed Debt Purchase
We purchase distressed debt instruments across a range of asset classes, including bilateral loans, syndicated facilities, corporate bonds, and trade receivables. Transactions may involve single-name exposures or diversified portfolios. We evaluate each opportunity based on the underlying collateral, obligor credit profile, jurisdiction, and realistic recovery timelines.
Merchant Banking
We provide structured capital solutions to mid-market companies facing liquidity constraints, refinancing needs, or strategic repositioning. Our merchant banking activity may include debt facilities, bridge financing, and special situations investments. We work alongside existing stakeholders to support orderly restructuring processes and value preservation.
Complementary Activities
Beyond our core investment areas, we engage in several complementary activities that support our portfolio management and market presence.
Portfolio Advisory
We provide advisory support to financial institutions preparing to divest non-performing exposures. This may include portfolio segmentation, data room preparation, preliminary valuation, and bid process management. Our advisory work is conducted on a non-exclusive basis and is intended to facilitate efficient market transactions.
Asset Management
We oversee the management of acquired portfolios in coordination with specialised servicing partners in each jurisdiction. Our asset management function monitors recovery performance, adjusts workout strategies as circumstances evolve, and reports on portfolio progress against underwriting projections.
How We Approach Transactions
Our investment process follows a structured sequence of stages, from initial opportunity identification through portfolio acquisition and ongoing management.
Origination
Opportunities are sourced through relationships with financial institutions, corporate sellers, advisors, and market intermediaries active in Southern European credit markets.
Diligence
Portfolios undergo detailed review, including loan-level analysis, collateral verification, legal review, and recovery modelling conducted with local advisors.
Structuring
Transactions are structured to address regulatory requirements, tax considerations, and servicing arrangements appropriate to each jurisdiction and asset type.
Management
Post-acquisition, portfolios are managed through servicing partners with ongoing oversight, performance monitoring, and strategy adjustments as needed.
Informational Purpose
The descriptions of our activities on this website are provided for general informational purposes only. They do not constitute an offer to transact, a solicitation of services, or investment advice. Davis & Morgan SPA does not provide services to retail clients.
Any engagement with the firm is subject to applicable regulatory requirements, confidentiality arrangements, and suitability assessments. For specific inquiries, please contact our team directly.
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