Axactor acquires a new large primary portfolio in Spain

Oslo, 12 June 2017 - Axactor has closed another large primary 
transaction in Spain, this transaction is from Santander. The 
portfolio has an outstanding balance in excess of EUR 300 million 
across more than 60.000 cases. The portfolio represents close to 40% 
ERC growth in Spain and 16% for the Axactor Group, which means that 
over the last 6 months the portfolio business has now deployed Capex 
of EUR 110 million outside Italy - close to what has been expected 
for the whole of 2017. 

"This transaction closes a very interesting initial 18 months period 
for the Axactor Group. During the last 5-6 months, we have managed 
to deploy EUR 110 million in portfolio acquisitions of our expected 
annual capex of EUR 120-140 million for 2017. Based on current 
market trends, our short-term focus will be on a number of Forward 
Flow transactions (acquiring debt at monthly basis in 12-18 months 
contracts), which will be put into production later this year or 
early in 2018. 
Furthermore, with the number of NPL and carve-out opportunities 
expected during the second half 2017 and first half 2018, the 
Axactor team will focus on the bank refinancing, and the on-boarding 
of a Co-Investment partner to support the strong growth potential 
going forward" says Endre Rangnes, CEO Axactor.

"The addition of this portfolio is significant for Axactor as it 
moves the company into not only the large primary transaction 
market, but also focusing on fresher claims, which will form the 
basis for much of the volumes sold across Europe over the coming 
years. These cases allow the company to manage the claims from an 
early stage and implement long term strategies for building and 
maintaining a solid cashflow. This purchase is not only a fantastic 
purchase for Spain but for the Group where it will sit alongside the 
large Swedish acquisition, waiting for many more to join." Says 
Robin Knowles, EVP Portfolio 
Acquisition, Axactor

For additional information, please contact:

Endre Rangnes, CEO Axactor
Mobile phone: +47 4822 1111
Email: endre.rangnes@axactor.com

or

Geir Johansen, CFO & Investor Relations, Axactor
Mobile phone: +47 4771 0451
Email: geir.johansen@axactor.com
www.axactor.com

About Axactor
Axactor Group specializes in both Debt Collection and Debt 
Purchasing across several countries, with operations in Italy, 
Germany, Norway, Sweden and Spain. The company has a Nordic base and 
an ambitious Pan-European growth strategy, which targets the market 
for non-performing loans (NPL) in Europe. This market is estimated 
to be about 1,500 billion euros across Europe providing significant 
opportunities for Axactor's future expansion. Axactor has 
approximately 875 employees.