Hoist Finance acquires a portfolio of SEK 10 bn and deepens partnership with Lowell

As announced in Lowell Group’s earnings report for the first quarter 2024 published today, Hoist Finance has acquired a portfolio from Lowell Germany. The portfolio has an outstanding balance of SEK 10 billion and will be serviced by Lowell Germany under a six-year servicing agreement, in an arrangement similar to our collaboration in The UK and in Sweden.

“This transaction is another example of our strong partnership with the Lowell Group and our continued focus on collaborating with industry peers across Europe. We at Hoist Finance remain committed to acting as a value adding problem solver as the industry continues to evolve.“ says Harry Vranjes, CEO of Hoist Finance AB

For further information please contact:

Christian Wallentin, CFO och deputy CEO
ir@hoistfinance.com
 

About Hoist Finance

Hoist Finance is an asset manager specialised in non-performing loans. For more than 25 years, we have focused on investing in and managing debt portfolios. We are a partner to international banks and financial institutions across Europe, acquiring non-performing loan portfolios. We are also a partner to consumers and SMEs in a debt situation, creating long-term sustainable repayment plans enabling them to convert non-performing debt to performing debt. We are present in 13 markets across Europe and our shares are listed on Nasdaq Stockholm. For more information, please visit hoistfinance.com.