Credit group swoops for Nordic firms in £640m deal
A Leeds-based credit management services firm has acquired a Nordic carve-out business in a deal worth €730m (£640m).
Lowell, backed by the Permira funds and Ontario Teachers’ Pension Plan, has bought the carve-out from Intrum which comprises of Lindorff’s entire business in Denmark, Estonia, Finland and Sweden as well as Intrum Justitia’s entire business in Norway.
The transaction is valued at €730m on an enterprise value basis and is subject to the approval of Lowell as purchaser by the European Commission, as well ... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
