Axactor SE

M&A Activity • Jan 15, 2019

Axactor Sweden acquires one-off portfolio and adds a new FF agreement

Axactor Sweden acquires one-off portfolio and adds a new FF agreement

Oslo, January 15th, 2019

Axactor Sweden, has acquired a small one-off acquisition and entered into a new FF agreement with another financial institution. The FF contract will be for 24 months, with both deals having a total estimated principal value of 11 mEUR across 1.000 claims. The claims are all fresh and the FF agreement will start immediately.

Lisa Sohtell, country manager Sweden, commented “This is another good acquisition for the team in Axactor Sweden, combining both an upfront acquisition with on-going business.”

This acquisition will be financed through Axactor’s 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 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 1,500 billion euros across Europe providing significant opportunities for Axactor's future expansion. Axactor has approximately 1,000 employees.