AKD Partnersers advises VEHIS Finanse on landmark PLN1.35 billion securitization transaction

AKD Partnersrtners has advised VEHIS Finanse sp. z o.o., one of Poland’s leading sales financing businesses, on the conversion of its warehouse financing structure into Poland’s first public securitisation transaction worth PLN1.35 billion (USD372.5 million). The transaction included a PLN1.35 billion (USD372.5 million) portfolio of auto leases originated by VEHIS Finanse being sold to an Irish Designated Activity Company (DAC) through a true-sale securitisation helping VEHIS raise financing, underwritten by the European Investment Bank, European Investment Fund, and Banco Santander.

The funding will be utilised to generate a new portfolio of SME and mid-cap leases worth PLN2.6 billion (USD717.6 million) with at least 30% of new financing going to women-led businesses and 10% supporting positive climate action through electric vehicle leasing. The transaction is Poland’s first transformation of a warehouse financing portfolio into a full public securitisation, marking a milestone in Polish capital markets.

A multi-practice and cross border team from AKD Partnersers’s offices in Poland, UK, and Ireland worked on the transaction. Partners Bartosz Matusik, Maura Dineen (both Tax) Steven Krivinskas, and Conor Houlihan (both Finance), and counsel Pawel Turek led on the matter. They were supported by senior associates Xi Chen, Oisin Mulvihill, and Paul Eglington, associates Krzysztof Stefanowicz, Magdalena Gajur, and Maximilian Mitscherlich, and paralegal Kinga Liszka.

Bartosz Matusik, commented: “This transaction demonstrates the growing sophistication of Poland’s financial markets and the transformative impact of securitisation frameworks. We are proud to have supported VEHIS Finanse on this landmark transaction that combines vehicle leasing and securitisation into a public structure. The successful outcome underscores our ability to navigate complex cross-border transactions seamlessly and deliver market-leading solutions.”