Reference is made to the stock exchange release of 2nd of May 2016 regarding the agreement to acquire 94% of the shares of Aktua Group. The agreement, made with affiliated funds of Centerbridge Partners, L.P. ("Centerbridge") and other current shareholders of Aktua Soluciones Financieras Holdings, S.L. ("Aktua") is now completed.
With the acquisition of Aktua, Lindorff significantly strengthens its secured non-performing loans servicing business, and opens up a new segment by bringing in Europe-leading capabilities in the REO (real estate owned) area to Lindorff.
Aktua is a leading multi-client servicer focused on secured debt and real estate assets in Spain offering end-to-end services across the entire NPL (non-performing loan) and REO servicing value chain. This includes loan servicing, real estate services as well as investment advisory of financial institutions and international investors. Founded in 2008 the company has a staff of over 400 employees and a network of over 20 offices across the country. The company holds long term contracts with a variety of leading financial institutions in Spain. Aktua generated EUR 38m of operating profit in the financial year 2015.
For more information:
Rune Kibsgaard Sjøhelle, Head of Group Communications +47 40200210
André Adolfsen, Head of Investor Relations +47 93019150
Founded in 1898, Lindorff is the leading full-service European credit management service provider, offering services within debt collection and debt purchase as well as payment and invoicing services.
The company has 3700 employees in 13 countries with headquarters in Oslo, Norway. In 2015 Lindorff generated EUR 534 million in net revenue (2014: EUR 475 million).
Lindorff is majority owned by Nordic Capital Fund VIII. www.lindorff.com