Intrum Justitia strengthens growth outlook through acquisition in the United Kingdom
Intrum Justitia has entered into an agreement to acquire 1st Credit, a mid-sized purchased debt company in the United Kingdom. The purchase price on a cash and debt free basis is about GBP 130 million, attributable to a diversified portfolio of receivables, deriving from investments from several sellers in the financial industry. 1st Credit generated earnings before interest, tax, depreciations and amortizations on purchased debt of about GBP 33 million in 2015.1st Credit has a strong operation for collection of financial receivables, with about 130 employees mainly involved in the