This year, the APS Holding investment group of Czech businessman Martin Machon intends to open a third fund focused on the purchase of problem receivables in European countries. In the previous two APS funds, around 60 million euros, i.e. 1.5 billion crowns, were collected from more mobile qualified investors. In the new fund, the equivalent of a billion could land from investors.
The first fund was created in 2021, the second the year before last. In both cases, the minimum investment amount is one million crowns. In addition to external investors in the funds, APS employees and the owner himself also have their money. The attraction is relatively attractive returns. According to Machoná, both funds, whose investment horizon is five years, will be able to achieve returns somewhere between 12 and 14 percent per year, that is, as was presented to investors.
“We are not a startup, we have been dealing with receivables for 20 years, we can do it, we have achieved results. In many countries, we are among the two or three main players,” says the businessman. By the way, London funds also participate in his company’s larger transactions.
The Rhapsody I and Rhapsody II funds, as their names sound, as well as the APS company itself, usually buy problematic claims from banks, especially secured business loans. Due to their bad creditworthiness, the purchase prices of the portfolios are usually well below the nominal value. APS subsequently recovers the receivables from the debtors – the difference between the price of the receivable (plus the costs of collection) and the recovered amount constitutes a profit.
Tags: APS receivables investor preparing fund attraction attractive returns
