Intrum Justitia strengthens its presence in Eastern Europe through acquisition in Romania

Intrum Justitia has entered into an agreement to acquire Top Factoring, one of the leading companies for purchased debt in Romania. The purchase price on a cash and debt free basis (enterprise value) is about EUR 25 million, attributable mainly to a diversified portfolio of receivables.

Top Factoring has about 210 employees, primarily involved in the collection of its purchased debt portfolios, as well as a smaller unit for credit management services to external clients. The company is mainly present in the bank and telecom segment, with several strong client relationship generating recurring portfolio investment opportunities. 

“We believe the Romanian market for purchased debt is well functioning with good potential for future growth. Through the acquisition of  Top Factoring, we will also broaden our ability to service current clients in a new geography. Combined with strong client relationships and efficient operations, this acquisition will contribute to Intrum Justitia’s growth potential for the coming years,” says Mikael Ericson, President and CEO of Intrum Justitia.

The acquisition is expected to be completed during the second quarter of 2017. Top Factoring will be a part of Intrum Justitia’s Central Europe region.

For further information, please contact:

Mikael Ericson, CEO & President Tel: +46 8 546 102 02

Erik Forsberg, CFO Tel: + 46 8 546 102 02

Intrum Justitia is Europe’s leading Credit Management Services (CMS) group, offering comprehensive services, including purchase of receivables, designed to measurably improve clients’ cash flows and long-term profitability. Founded in 1923, Intrum Justitia has some 4,000 employees and operations in 20 markets. Consolidated revenues amounted to about SEK 6.1 billion in 2016. Intrum Justitia AB is listed on Nasdaq Stockholm since 2002. For further information, please visit www.intrum.com