Investor AB acquires holding in Nordic debt collection company Lindorff Group AB

Jun 11, 2008 (NORDIC BUSINESS REPORT via COMTEX) -- IVSXF | Quote | Chart | News | PowerRating -- Swedish industrial holding company Investor AB (OMX Stockholm:INVE A)(OMX Stockholm:INVE B) announced on Wednesday (11 June) that it has agreed to acquire a 50% holding in the debt collection company Lindorff Group AB.

The acquisition will be carried out through a joint acquisition company together with Lindorff Group's former majority shareholder, the private equity fund Altor, and will be based on an enterprise value of EUR1,160m for Lindorff Group.

Lindorff Group, headquartered in Oslo, Norway, is the Nordic region's leading debt collection company with operations within the business areas Payment (third-party debt collections), Capital (purchasing of primarily unsecured written-off debts) and Support Services (including credit scoring and invoicing services). The company reported sales of EUR349m in 2007.

"With strong market positions in an industry with attractive underlying fundamentals, Lindorff fits Investor very well. Together with Altor, we look forward to contributing to the growth and expansion of Lindorff in its next phase of development," said Lennart Johansson, head of Operating Investments at Investor.

Investor, headquartered in Stockholm, Sweden, is the Nordic region's largest industrial holding company. In addition to investments in Northern Europe, the company also conducts investment activities from the US and Asia. The company's net asset value amounted to SEK155bn in 2007.

One British pound (GBP) is worth approximately 1.25 euros (EUR). One British pound (GBP) is worth approximately 11.68 Swedish kronor (SEK).

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