Pangea Property Partners has widened its business platform with the launch of a debt advisory line led by Terje A. Pettersen and John Stene.
Pettersen and Stene join Pangea respectively from SEB and Swedbank Capital Markets. Pettersen was previously SEB’s head of Corporate Loan Origination & co-head of Debt Capital Markets. He becomes managing director & partner at Pangea Debt Advisory.
Pettersen has broad management experience and has, among other things, been part of the management team for SEB Norway and for the Investment Banking unit. He has previously been head of Debt Capital & Partner at ABG Sundal Collier for four years and worked 12 years at DNB, holding several positions including head of Commercial Real Estate.
Stene comes from the position as vice president, Corporate & Institutional Advisory at Swedbank, where he has worked for more than 11 years. He becomes director & partner at Pangea Debt Advisory. For the past 10 years he has worked in Investment Banking and Debt Capital Markets. He has also worked a year at Swedbank's headquarter in Stockholm, where he contributed to rebuild Swedbank's DCM High Yield origination team, with a special focus on real estate transactions.
‘Our clients in both the Nordics and internationally have over time requested debt advisory from Pangea, especially in connection with transactions. This expansion is part of our strategy to become an even more complete provider of transaction and financing advice in the Nordic region. It is natural for us to start with a team in Norway that will probably be expanded with a similar team in Stockholm in the long run,’ commented Bård Bjølgerud, CEO and Partner at Pangea Property Partners.
Pangea Debt Advisory will be a completely independent debt adviser without its own lending balance, in addition to being completely product neutral. The main target group is both new and existing customers in the real estate sector, but also new customers in other sectors.