Axactor has acquired its first secured portfolio in Spain

Oslo, 22 June 2017 - Axactor has purchased its first secured 
transaction in Spain. The portfolio is being sold by a large 
financial Institution and contains roughly 600 assets with an 
Appraisal Value of around EUR 50m. This purchase will allow Axactor 
to access another large and growing market, where the existing 
business in Spain already has some of the competencies required to 
manage large volumes both on its own portfolios as well as for third 
party clients. The diversification is expected to offer significant 
opportunities given the continued trend in portfolio sales to 
include a variety of asset classes, both when Axactor is investing 
on it's own or as part of a co-investment, where including secured 
assets will make certain investments more attractive. 
"This transaction has been an exciting project to expand the Axactor 
model beyond the unsecured space and to allow the business to 
benefit from the broader NPL market, not only in Spain but also 
potentially across other European markets. This level of 
diversification will allow the business to maintain the focus on 
delivering healthy margins through access to a much broader number 
of opportunities coming to market over the coming years. ", says 
Endre Rangnes, CEO Axactor
"The Axactor team in Spain is delighted to close the first Secured 
transaction for Axactor, demonstrating clearly the determination of 
the team to develop the business across all NPL segments. The team 
are also highly motivated to move into this new asset class, 
increasing the profitability both on our owned assets and for our 
third party servicing business.", says Andrés López and David 
Martín, General Managers of Axactor Spain. 
This transaction will be funded from existing cash and credit lines.

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.