Intrum Justitia divests subsidiary
Intrum Justitia has entered into an agreement to divest one of its subsidiaries in the Netherlands, Buckaroo BV, to BlackFin Capital Partners, a private equity firm focusing on financial services across Continental Europe. The divestment will be subject to customary closing conditions and regulatory approvals, with the transaction expected to be completed in the third quarter of 2017.
Buckaroo BV, a company acquired by Intrum Justitia in 2012, is a billing and payment services provider with a market-leading position in the Netherlands. Following a strategic assessment and despite having developed favorably under Intrum Justitia’s ownership, a divestment process was initiatied.
With its new owner, the company will now be able to fully leverage the leading payment platform it has built out during Intrum’s Justitia ownership.
Buckaroo BV has about 60 employees and provides services to more than 4,500 merchants.
For further information, please contact:
Mikael Ericson, CEO & President
Tel: +46 8 546 102 02
Erik Forsberg, CFO
Tel: + 46 8 546 102 02
On June 27th 2017 Intrum Justitia and Lindorff combined to form the industry leading provider of credit management services. Lindorff was founded in 1898 and offers services within debt collection and debt purchase as well as payment and invoicing services. Intrum Justitia was founded in 1923 and offers comprehensive services, including purchase of receivables, designed to measurably improve clients’ cash flows and long-term profitability. The combination of Intrum Justitia and Lindorff has local presence in 23 markets across Europe and a team of around 8,000 employees that are committed to promote a sound economy. The combined company had pro-forma revenues of SEK 12.9 billion for the twelve months ending March 2017 and is headquartered in Stockholm, Sweden. Intrum Justitia AB is listed on Nasdaq Stockholm. For further information, please visit www.intrum.com or www.lindorff.com