Hoist Finance acquires Swedish NPL portfolio
Hoist Finance has entered into an agreement with Lowell to acquire a Swedish portfolio of non-performing loans, consisting of unsecured consumer loans. The total outstanding balance amounts to approximately SEK 8.1 billion. The total investment is approximately SEK 1.2 billion. “We are pleased to re-enter the Swedish market through the acquisition of this portfolio. Our strategy is to partner with renowned credit management companies in markets where we don’t have operational units of our own. This opens up for portfolio investment in markets outside of our current footprint. The Nordics