July 22, 2014 - Assignment

Altor and Investor to divest majority of Lindorff to Nordic Capital

Altor and Investor have agreed to divest the majority of their holdings in Lindorff, a leading European debt collection company, to Nordic Capital Fund VIII for an enterprise value of EUR 2.3 billion. Altor and Investor will retain a maximum EUR 315 million in equity in Lindorff. The transaction is subject to customary regulatory approvals.

Lindorff was acquired by Altor in 2004. In 2008, Investor AB acquired 50% of the company. Over the past 10 years, Lindorff has expanded its geographic presence to become the Nordic market leader and to take leading positions in Germany, Spain and the Netherlands. Lindorff has approximately 2,750 employees and operates in 11 countries in Europe. The company had a net revenue of EUR 450 million in 2013.

Altor is a family of private equity funds focused on investing in and developing medium sized companies with a Nordic origin. Since inception, leading international institutional investors have committed a total of EUR 5.8 billion to the four Altor funds. The aggregated turnover of the current portfolio companies is more than EUR 20 billion and the companies have more than 30,000 employees.

Investor is the leading owner of high quality Nordic-based international companies, founded by the Wallenberg family a hundred years ago. The Investor share is quoted on the Stockholm Stock Exchange.

Altor and Investor were advised by Mannheimer Swartling in the transaction. The firm’s team was led by Tom Wehtje and Åke Kjellson, primarily assisted by Therese Jansson, Henrik Dock, Lisa Hulthén and Henrik Johansson. Stefan Perván Lindeborg advised on competition law, assisted by Andreas Johansson. Daniel Karlsson advised on financing matters, assisted by Daniel Khayyami.