On 16 April 2015, Finansiel Stabilitet initiated an open and transparent sales process directed towards qualified investors with the aim of divesting a customer loan portfolio secured against properties consisting of 78 corporate customers with loans and credit facilities totaling approximately DKK 3.3 billion (€ 442 M).

Finansiel Stabilitet and FS Property Finance have entered into an agreement on transfer of the portfolio to LMN Finance Limited (LMN), a company incorporated in the Republic of Ireland. Ringkjøbing Landbobank and AP Pension will provide LMN with financing for the acquisition. LMN has previously acquired loan portfolios from Finansiel Stabilitet in July 2013 and May 2014. According to the agreement, LMN is obliged to manage the loan portfolio in compliance with the Executive Order on Good Business Practice regulations applicable to Financial Undertakings.

The investors in LMN are funds affiliated with Davidson Kempner Capital Management LP based in the US. LMN is advised by Davidson Kempner European Partners, LLP, which is domiciled in England and regulated by the U.K. Financial Conduct Authority.

Over the coming months, FS Property Finance will transfer the administration of the portfolio to Reviva Capital S.A, headquartered in Luxembourg with a branch office in Copenhagen, which will administer the portfolio on behalf of LMN. Reviva Capital is regulated by the Luxembourg Financial Supervisory Authority. All customers will be notified in connection with the transfer.

FS Property Finance was established in July 2012 as a wholly owned subsidiary of Finansiel Stabilitet. The company acquired a portfolio of loan exposures and financial instruments secured against property from FIH Erhvervsbank amounting to DKK 17 billion (€ 2.2 M)
The activities in FS Property Finance are administered by FIH Erhvervsbank. After the conclusion of the transaction with LMN, the remaining loan exposures and financial instruments of FS Property Finance amount to approximately DKK 1 billion (€ 134 M)