German ALTOR Group, part of Axactor, wins big tender for third party collection in the banking sector

Oslo, 09th November 2016 - Heidelberger Inkasso GmbH, part of Altor Group, 
succeeds in the tender for the "Legal & Non-Legal Claims Collection" of one 
of the top 5 private banks in Germany. Starting on the first of November 
ALTOR receives 40% of the claims in this segment.

During the contractual period of two years ALTOR will receive the bank's 
terminated loan contracts from direct sales, credits and commodity 
transactions for both B2C and B2B customers. ALTOR will be responsible for 
the whole legal and non-legal collection process including insolvencies.
Due to the fact that ALTOR will receive higher volumes and will also take 
over the legal collection of the bank's claims, the successful partnership, 
which started in 2008, will be widely enlarged. The expected overall 
turnover for the contractual period of two years for Heidelberger Inkasso 
GmbH is EUR1.6m.
Apart from attractive terms and conditions Heidelberger Inkasso GmbH was 
able to outline the special expertise in the banking sector the group has 
achieved over the past 30 years. About 80% of the outstanding balance of 
claims ALTOR successfully works on derive from the financial sector.
An up-to date collection software, the permanent optimization of the 
collection process, the strong focus on data security and compliance as well 
as high investments in the IT infrastructure are - apart from the workforce 
- some of the factors of ALTOR's success.

This was also proven by an external audit which Heidelberger Inkasso GmbH 
has successfully completed. In March 2016 the company was granted - as the 
first and until now only collection agency - the "GBB-Gütesiegel für 
Sicherheit, Qualität und Vertrauen". The quality seal was awarded by GBB-
Rating Gesellschaft für Bonitätsbeurteilung, which is an independent, 
external rating agency with special expertise in the financial services 
sector.

Doris Pleil, CEO of the ALTOR Group, is very positive about the outcome of 
this important tender: "We are very delighted by the trust our long term 
customer expresses by extending our collaboration and take this fact as an 
acknowledgement of our successful work in the past. At the same time we take 
this as an obligation for continuous improvement."

For further information, please contact:

Endre Rangnes 
Chief Executive Officer
Mail: endre.rangnes@axactor.com
Tel: +46 8 402 28 00
Cell Phone: +47 48 22 11 11

Geir Johansen
Chief Financial Officer
Mail: geir.johansen@axactor.com
Cell Phone: +47 477 10 451

About AXACTOR-
Axactor is addressing a large non-performing loan (NPL) market in Europe. 
The market is estimated to around EUR 1.5 trillion and with a solid growth 
rate. The main growth factors are partly driven by regulatory changes, sales 
of non-performing loans and an accelerating trend of outsourcing debt 
collection to specialized companies. Furthermore, we see a consolidation 
trend in the debt collection/debt purchase industry. Axactor's main focus in 
the credit management value chain will be: amicable and legal collection, 
surveillance and acquisition of NPLs.

Axactor was established in 2015 and has approximately 900 employees.