Axactor SE - M&A Activity 2016 | FinancialReports.eu

Axactor acquires the 2nd unsecured Non Performing Loan (NPL) portfolio in Spain

Axactor has acquired an unsecured NPL portfolio originally

generated by a large Spanish consumer finance institution.

The portfolio includes unsecured loans with a total

Outstanding Balance (OB) of approximately EUR 18 million,

with more than seven thousand open accounts of individuals

and a solid paying book.

Axactor will pay around 6.5% of the Outstanding Balance.

"This is our 2nd portfolio acquisition in Spain in less than

30 days, and is an evidence of our competitiveness and

active presence in this market. The portfolio will add new

volumes to our amicable and legal operations in Spain.

We are positioning Axactor to gain more business in Spain

and other countries in Europe", says Endre Rangnes, Axactor

CEO.

The investments will be financed by Axactor's available cash

and our credit facilities with DNB.

For additional information, please contact:

Geir Johansen, CFO & Investor Relations, Axactor

Mobile phone: +4747710451

www.axactor.com

Axactor is a newly established company within the credit

management service industry - with a Nordic base, and with

an ambitious Pan-European growth strategy. The company is

addressing a large non-performing loan (NPL) market in

Europe, estimated to around EUR 1.5 trillion, and the main

focus in the credit management value chain is: reminder

services, amicable and legal collection, surveillance and

acquisition of NPLs.

As a first step in the Pan-European growth strategy Axactor

acquired in November/December 2015 the company ALD Abogados,

a leading legal debt collection agency in Madrid with 90

employees. In addition, an amicable high volume collection

center with 65 employees has been established in Valladolid,

Spain .

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