M&A Deal Summary

CRIF Acquires Bürgel Wirtschaftsinformationen & Co. KG

On December 21, 2015, CRIF acquired information technology company Bürgel Wirtschaftsinformationen & Co. KG from Euler Hermes Group SA and EOS Holding

Acquisition Highlights
  • This is CRIF’s 2nd transaction in the Information Technology sector.
  • This is CRIF’s 1st transaction in Germany.

M&A Deal Summary

Date 2015-12-21
Target Bürgel Wirtschaftsinformationen & Co. KG
Sector Information Technology
Buyer(s) CRIF
Sellers(s) Euler Hermes Group SA
EOS Holding
Deal Type Divestiture

Target

Bürgel Wirtschaftsinformationen & Co. KG

Hamburg, Germany
Bürgel Wirtschaftsinformationen GmbH & Co. KG is a specialist for credit reports. Company services comprise the provision of detailed and up-to-date solvency information, all services in the field of modern accounts receivable management and address management, as well as address searches of private individuals.

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Buyer(S) 1

Buyer

CRIF

Bologna, Italy

Category Company
Founded 1988
Sector Information Services
DESCRIPTION

CRIF SpA is a provider of credit information systems, business information and credit management solutions, CRIF offers banks, financial institutions, utility companies and businesses qualified support in every phase of the customer relationship: from the planning of development strategies to acquisition, through to portfolio management and credit collection.


DEAL STATS #
Overall 12 of 28
Sector: Information Technology M&A 2 of 5
Type: Divestiture M&A Deals 4 of 5
Country: Germany M&A 1 of 1
Year: 2015 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-10 Dun & Bradstreet UAE

Dubai, United Arab Emirates

Dun & Bradstreet UAE is a provider of services and business information to the United Arab Emirates business community, with information on about 400,000 companies, almost all active companies, as well as access to the D&B Worldwide Network.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-08 Credit Union Auto Loan Network

United States

Credit Union Auto Loan Network is a collaboration of 17 local credit unions and hundreds of local auto dealerships in Maryland and Virginia working together to provide credit union members with the ability to obtain credit union financing at the point of purchase.

Buy -

Seller(S) 2

SELLER

Euler Hermes Group SA

Paris, France

Category Company
Founded 1917
Sector Insurance
Revenue 2.6B EUR (2017)
DESCRIPTION

Euler Hermes Group SA is a provider of trade-related credit insurance? solutions with more than 100 years of client support and responsiveness to changing business environments. The company offers business-to-business (B2B) clients financial services to support cash and trade receivables management. Its proprietary intelligence network tracks and analyzes daily changes in corporate solvency among small, medium and multinational companies active in markets representing 92% of global GDP. Headquartered in Paris, the company is present in 52 countries with 6,050 employees. Euler Hermes was formed in 1917 and is based in Paris.


DEAL STATS #
Overall 2 of 2
Sector: Information Technology M&A 1 of 1
Type: Divestiture M&A Deals 2 of 2
Country: Germany M&A 1 of 1
Year: 2015 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-03 The Israeli Credit Insurance Co.

Tel Aviv, Israel

The Israeli Credit Insurance Company Ltd. operates as a credit insurer in Israel and internationally.

Sell -
SELLER

EOS Holding

Hamburg, Germany

Category Company
Founded 1974
Sector Financial Services
Employees8,500
DESCRIPTION

EOS Holding GmbH is a providers of customised financial services. Its core business is receivables management. With more than 8,500 employees and 50 subsidiaries, EOS offers around 20,000 clients, in more than 25 countries around the world, financial security with tailored services. Being connected to an international network of partner companies, the EOS Group has access to resources in 150 countries on every continent. The key target sectors are banking, insurance, utilities, and telecommunications, along with the public sector including local public transport, the healthcare and real estate sectors, online and mail order retail.


DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Germany M&A 1 of 1
Year: 2015 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-28 Credirec SA

Paris, France

Credirec is a specialist in the purchase, recovery and management of non-performing loans.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-01 Contentia France SASU

Wasquehal, France

Contentia is one of the top three debt collection companies on the French and Belgian markets and has an excellent reputation. The company was incorporated in 1988 and is based in Wasquehal, France.

Buy -