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Axactor SE — M&A Activity 2019
Apr 30, 2019
3549_rns_2019-04-30_161ea586-0b82-4935-98b8-0f9f43af3594.html
M&A Activity
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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: [email protected]
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.