PHOENIX VEGA MEZZ LTD
AATHEX:PVMEZZ0.05
EUR
+0.00
(-2.81%)
PHOENIX VEGA MEZZ LTD
ATHEX:PVMEZZ
(Athens Stock Exchange)
Recent
price
0.05
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
EUR
•
in mil. unless spec.Working Capital
EUR
•
in mil. unless spec.Growth Rates
EUR
•
in mil. unless spec.Semi-annual Revenue
EUR
•
in mil. unless spec.Semi-annual Earnings Per Share
EUR
•
in mil. unless spec.Semi-annual Dividends Per Share
EUR
•
in mil. unless spec.- Similar Companies
- Business
- Phoenix Vega Mezz Ltd is a financial holding and investment company that specializes in holding, managing, and monetizing mezzanine and junior securitization notes backed by non-performing loan (NPL) portfolios in Greece. Founded in 2021 and headquartered in Nicosia, Cyprus, the company was established following the corporate demerger and hive-down of Piraeus Financial Holdings S.A. under the framework of the Hellenic Asset Protection Scheme (Hercules). Phoenix Vega Mezz Ltd operates in the specialty finance and distressed asset investment sector, generating cash flows and revenues primarily from interest coupon payments, principal collections, and liquidation recoveries on its securitization tranches. The company's core asset portfolio and service offerings comprise: mezzanine securitization notes issued by the Phoenix securitization vehicle, backed primarily by non-performing residential mortgage loan portfolios; junior securitization notes from the Phoenix securitization structure; mezzanine securitization notes across the Vega I, Vega II, and Vega III securitization vehicles, collateralized by secured non-performing corporate, small and medium-sized enterprise (SME), and residential loan portfolios; junior securitization notes associated with the Vega portfolios; cash flow aggregation, yield collection, and tranche management services; and capital distribution administration for public shareholders. Phoenix Vega Mezz Ltd focuses its geographic exposure on Greece, where the underlying borrower loans and collateralized real estate properties are situated, while credit servicing and portfolio liquidation operations are administered via licensed third-party servicer Intrum Hellas. In recent developments, Phoenix Vega Mezz Ltd has advanced its capital return program, executing consecutive cash capital distributions and dividend payments to shareholders backed by accelerated cash collections and early partial amortizations across its Phoenix and Vega mezzanine note tranches. The company has also maintained strategic operational alignment with its appointed servicer to optimize recovery rates through consensual debt workouts, collateral liquidations, and real estate divestments, while preserving a debt-free balance sheet dedicated to the long-term cash flow realization and orderly monetization of its securitization assets.