November 6, 2017 - Assignment

Intrum divests business units to Lowell

Intrum has entered into a definitive agreement with Lowell, a European credit receivables management company, to divest Lindorff’s businesses in Denmark, Estonia, Finland and Sweden as well as Intrum Justitia’s business in Norway.

The transaction values the divested group at an enterprise value of EUR 730 million and the divestment is deemed to fully honour the commitments made by Intrum’s majority owner, Nordic Capital, to the European Commission in relation to the approval of the combination of Intrum Justitia and Lindorff on 12 June 2017.

The transaction is subject to approval from the European Commission as well as local regulatory and competition authority approvals. The transaction is expected to close in the first half of 2018.

Intrum and Nordic Capital were advised by Mannheimer Swartling in the transaction.