Axactor SE

M&A Activity • May 12, 2016

Axactor acquires Geslico to complement its current operating platform in Spain and become a leading player in the Spanish market

Axactor acquires Geslico to complement its current operating platform in Spain and become a leading player in the Spanish market

Oslo May 12, 2016 - Axactor AB (publ. ) ("Axactor") acquires Geslico and

obtains access to a modern and industry leading IT systems required for its

existing operations enabling time and cost savings. In addition, Axactor

significantly increases its market share within the Spanish debt collection

and debt purchase market. With the addition of Geslico, Axactor will be

positioned as one of the largest players in the Spanish non-performing-loans

market (NPL).

Geslico is a complete supplier of services within debt collection. The

company was founded in 1985 and is now one of Spain's leading debt

collection companies, with 300 employees and offices in Madrid, Barcelona,

Sevilla, Alicante, Valencia, Córdoba, Zaragoza and Bilbao. The company was

originally established and owned by several Spanish saving banks.

Geslico has established long-term customer relationships with leading

financial institutions, international investment funds, and Spanish utility

companies. In 2015, the company delivered revenues of EUR 13.6 million,

EBITDA of EUR minus 4.6 million and adjusted EBITDA of EUR 0.9 million.

Geslico has since 2014 been owned by an international investment fund and

has been through a thorough restructuring process, and has recently launched

a unique, modern and scalable collection platform/infrastructure that

ensures the efficient debt collection of third-party claims and debt

portfolios.

Axactor planned to purchase and implement a new full scale IT system

covering the total collection value chain. This acquisition enables Axactor

to roll out Geslico's IT platform in Axactor's existing Spanish business and

save time and costs related to the implementation. Geslico will also enable

access to further portfolio acquisitions in Spain through Geslico's

established customer relationships. With the size and market position of

Axactor following the transaction, Axactor will be uniquely positioned in

the Spanish market.

- Through this acquisition we get access to a large client base with long

term relations, as well as well-trained people and a modern IT platform for

collection. Additionally Axactor gets access to one of the largest databases

of NPL information/ historic collection data in Spain that will enable us to

be even more efficient and improve our pricing intelligence in respect of

future debt portfolios acquisitions. Axactor will strengthen its position as

the natural partner for financial institutions in Spain, says Endre Rangnes,

CEO of Axactor Group.

For further information:

Endre Rangnes, CEO, +4748221111

Geir Johansen, CFO & Investor Relations, +4747710451

About Axactor:

Axactor is a newly established company in the market for credit management

services. The company has a Nordic base and an ambitious pan-European growth

strategy, which targets the market for non-performing loans in Europe. This

market is estimated to about 1 500 billion euros, and Axactor's main focus

is debt collection and purchase of NPL portfolios. As a first step in the

pan-European growth strategy Axactor acquired the company ALD Abogados in

December 2015. ALD Abogados is a leading debt collection company in Madrid

with 120 employees, and has in addition a call center with 90 employees in

Valladolid, Spain.