In June 2017, the combination of Lindorff and Intrum Justita was completed. The combination of Intrum Justitia and Lindorff creates a leading provider of credit management services (CMS) with local presence in 23 markets across Europe and a team of around 8,000 employees that are committed to promote a sound economy.

In November 2016, Intrum Justitia and Lindorff announced their intention to combine On June 12, 2017, the European Commission approved the combination (conditional upon the divestment of Lindorff’s business in Denmark, Estonia, Finland and Sweden as well as Intrum Justitia’s business in Norway) and on June 27, 2017, the transaction was completed.

The combination of Intrum Justitia and Lindorff creates a leading provider of credit management services (CMS) with local presence in 23 markets across Europe and a team of  around 8,000 employees that are committed to promote a sound economy.

Intrum Justitia is listed on Nasdaq OMX and Nordic Capital Fund VIII is the majority shareholder in the combined company with approximately 45% of the shares (as per June 2017).

Background to the investment in Lindorff in 2014:
In 2014, Nordic Capital acquired the majority of Lindorff from Investor AB and Altor with the ambition to support the company's growth and expansion to becoming a global player in its industry.

Founded in 1898 in Norway, Lindorff had expanded its geographic presence, first to become a true Nordic market leader and then to take leading positions in Germany, Spain and the Netherlands. At the time of Nordic Capital's acquisition Lindorff was operating in 12 countries in Europe, providing a range of products and services including customer selection, credit evaluation, invoicing, reminders, debt collection, portfolio management and customer services.

Lindorff is a full-service European credit management service provider with the strategy to be the preferred partner for banks and financial institutions. The company mission is to helps its customers to make better decisions, improve their efficiency and accelerate their cash flow through its market-leading expertise and unique databases.

 

 

 

Key Information

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Revenues 2016*

EUR 690 (Lindorff only) million

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Employees

8000 (combined company

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Ownership

Nordic Capital Fund VIII

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Head office

Stockholm, Sweden (combined company)

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Investment date

2014

* Reported, Lindorff will be consolidated into the financial statements of Intrum Justitia from 30 June 2017.