M&A Deal Summary

Intrum Acquires Lindorff

On June 1, 2017, Intrum acquired business services company Lindorff from Nordic Capital and ATP Private Equity Partners

Acquisition Highlights
  • This is Intrum’s 1st transaction in the Business Services sector.
  • This is Intrum’s 1st transaction in Norway.

M&A Deal Summary

Date 2017-06-01
Target Lindorff
Sector Business Services
Buyer(s) Intrum
Sellers(s) Nordic Capital
ATP Private Equity Partners
Deal Type Merger

Target

Lindorff

Oslo, Norway
Lindorff is a full-service European credit management service provider. The company offers information services, payment services, invoicing services, debt collection, and debt purchase. Lindorff was founded in 1898 and is based in Oslo, Norway.

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Buyer(S) 1

Buyer

Intrum

Stockholm, Sweden

Category Company
Founded 1923
Sector Business Services
Employees9,042
Revenue 16.8B SEK (2024)
DESCRIPTION

Intrum is a debt collection and credit management company in Europe. It offers commercial and consumer debt collection services (domestically as well as cross-border), outsourcing, and other related credit management services. Intrum was founded in 1923 and is based in Stockholm, Sweden.


DEAL STATS #
Overall 2 of 2
Sector: Business Services M&A 1 of 1
Type: Merger M&A Deals 1 of 1
Country: Norway M&A 1 of 1
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-10 1st Credit

Reigate, United Kingdom

1st Credit Ltd. provides outsourcing services to financial institutions.

Buy -

Seller(S) 2

SELLER

Nordic Capital

Stockholm, Sweden

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 31.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

Nordic Capital is a private equity investment firm that targets mid to large-sized company investments located in Northern Europe as well as the US. Nordic seeks investments across a wide range of industries and prefers situations where there are 'opportunities for new industrial combinations, strategic repositioning, international expansion and operational improvements'. Nordic Capital was formed in 1989 and is based in Stockholm, Sweden.


DEAL STATS #
Overall 55 of 79
Sector: Business Services M&A 2 of 3
Type: Merger M&A Deals 4 of 5
Country: Norway M&A 5 of 7
Year: 2017 M&A 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-01 Intrum

Stockholm, Sweden

Intrum is a debt collection and credit management company in Europe. It offers commercial and consumer debt collection services (domestically as well as cross-border), outsourcing, and other related credit management services. Intrum was founded in 1923 and is based in Stockholm, Sweden.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-29 Lagkagehuset

Copenhagen, Denmark

Lagkagehuset is a premium bakery and food-service chain in Denmark with 67 stores, and a newly established presence in the UK. The company operates a premium concept focusing on high-quality artisanal breads, cakes and pastries as well as other food, teas and coffee. Its unique offering, quality products and proven concept are based on a business model with in-house bakery production and a scalable roll-out strategy. The stores in the UK, trading under the "Ole & Steen" brand, are the first phase of an international roll out and prove that the business model is highly scalable. Lagkagehuset was founded in 1991 and is based in Copenhagen, Denmark.

Buy -
SELLER

ATP Private Equity Partners


Category Private Equity Firm
Founded 2001
PE ASSETS 10.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

ATP Private Equity Partners is a Danish institutional investment firm focused on investing in private equity funds across Europe, North America, and select emerging markets. The Firm is supported by ATP, Denmark's largest pension fund. In addition to investing in private equity funds, ATP also looks to for co-investment situations. ATP Private Equity Partners was formed in 2001 and is headquartered in Copenhagen, Denmark.


DEAL STATS #
Overall 18 of 34
Sector: Business Services M&A 2 of 4
Type: Merger M&A Deals 3 of 3
Country: Norway M&A 1 of 1
Year: 2017 M&A 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-19 Polynt

Scanzorosciate, Italy

Polynt engages in the research and development, manufacture, and sale of specific polymer chemical intermediates, catalysts, and compounds. Polynt was founded in 1955 and is based in Scanzorosciate, Italy.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-30 Brock

Houston, Texas, United States

Brock is a provider of industrial maintenance and capital project solutions (scaffolding, coatings, insulation, fabrications, painting, and various other soft crafts) that support the continuous and reliable operation and expansion of critical energy infrastructure and industrial processing facilities. For nearly 70 years, Brock has been a preferred service provider to many of the largest and most demanding refining, petrochemical, power generation, and industrial processing companies in North America. Brock was founded in 1947 and is based in Houston, Texas.

Sell -