Axactor SE

M&A Activity • Apr 30, 2019

Axactor acquires one-off portfolio from an existing FF client

Axactor acquires one-off portfolio from an existing FF client

Oslo, April 30th, 2019

Axactor Sweden, has acquired a one-off portfolio of fresh unsecured consumer claims, from an existing FF client. The portfolio has a total principal value of 26 mEUR across 1.300 claims.

Lisa Sohtell, country manager Sweden, commented “This transaction is the result of building strong relationships with our existing clients. This portfolio contains a claim profile we are already familiar with and therefore we are confident in managing this acquisition in a very good way.”

Axactor will finance the transaction using existing cash and credit facilities.

For additional information, please contact:

Johnny Tsolis, CFO, Axactor

Mobile phone: +47 913 35 461

Email: johnny.tsolis@axactor.com

About Axactor

Axactor Group specializes in both Debt Collection and Debt Purchasing across several countries, with operations in Finland, Italy, Germany, Norway, Sweden and Spain. The company has a Nordic base and an ambitious Pan-European growth strategy, which targets the market for non-performing loans (NPL) in Europe. This market is estimated to be about 1,000 billion euros across Europe providing significant opportunities for Axactor's future expansion. Axactor has approximately 1100 employees.