Global Investment Bank back book purchase

The challenge

Our client required a quality assurance review prior to the purchase of £200m NPL book. The audit encompassed due diligence, AUP and title and security verification.

Our approach

  • We reviewed over 25,000 documents
  • We extracted and verified that the correct title was on record
  • We designed and implemented a RAG rated valuation audit


Our delivery

  • Our work identified material risks that delivered significant cost savings to our client
  • We identified missing information
  • We implemented a remediation strategy where appropriate
  • The portfolio was successfully purchased by our client

 

“…This transaction went all the more smoothly because of Rockstead’s expert and experienced handling of the portfolio.”

““This transaction went all the more smoothly because of Rockstead’s expert and experienced handling of the portfolio. The subsequent value we attained from this deal was in part due to their understanding of the risks and operating environment and being able to translate those issues into realizable benefit.”

 

Rockstead, here so firms can grow safely.

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