Sale of FinansService to Lindorff
ATRIUM Partners advised Financial Stability
Sale of FinansService to Lindorff
Sector(s) : Financial services
Date : September 2010
Advisor(s) : Atrium Partners
Advised : Sell Side
Mid-Capital partner ATRIUM Partners advised Financial Stability
Financiel Stability Company and the subsidiary EBH Bank have agreed the sale of FinansService to Lindorff. The sale is conditional on the approval of the German Competition Council.
ATRIUM Partners has acted as financial advisor for Financial Stability Company in connection with the sale of FinansService.
FinansService is the market leader in Denmark in outsourcing of non-performing loan portfolios with a primal focus on servicing Danish financial institutions and other Danish companies with non-performing loan portfolios. FinansService has around 200 employees in Denmark and Germany. By the end of 2009, FinansService had total assets with a book value of DKK 478 mill. mainly in loan portfolios.
Lindorff is a leading European provider of debt-related administrative services. Lindorff offers a list of services including customer selection, credit evaluation, invoicing, reminders, debt collection, portfolio management, customer services and accounting. Lindorff has approximately 2200 employees in 11 countries. In 2009 the net revenues was DKK 2.800 mill. Lindorff is owned by Altor Equity Fund (50%) and Investor AB (50%).
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