Global law firm White & Case LLP has advised private equity firm Nordic Capital Fund VIII on its acquisition of a majority stake in Lindorff, the Oslo-headquartered leading European debt collecting company, from Altor and Investor AB.
The transaction’s total enterprise value is €2.1 billion plus a €200 million performance-based shareholder note. Both sellers will retain a minority interest in Lindorff.
Stockholm-based White & Case partner Lennart Pettersson, who led the cross-border team which advised on the acquisition, said: "We’re very pleased to have supported Nordic Capital on this substantial deal, one of the largest ever leveraged buyouts in Sweden. Working hand-in-hand with Nordic Capital’s top ranked and fast-moving advisory deal team, White & Case exhibited its truly global credentials, assembling a multi-office team which included lawyers from Stockholm, Helsinki, Madrid, Frankfurt, Brussels and Moscow to ensure a successful signing within a very tight timeframe."
Nordic Capital private equity funds have invested in mid-market companies, primarily in the Nordic region, since 1989. Nordic Capital will use its extensive experience and network in the financial services industry to support the continued growth and expansion of Lindorff, one of the world’s biggest and fastest growing debt collection businesses with leading positions in the Nordics, Germany, Spain and the Netherlands. It employs around 2,750 people in 11 countries and achieved net revenue during 2013 of €450 million.
The White & Case team which advised Nordic Capital was led by Stockholm partner Lennart Pettersson and included Stockholm partner Carl Hugo Parment and associates Henrik Wireklint, Oscar Liljeson, Martin Järvengren, Magnus Staaf, Sidi El Kadmiri, Tobias Johansson and Mikael Bolling (all Stockholm). The transaction was also supported by Brussels partner Pontus Lindfelt, Frankfurt partner Andreas Stilcken, local partner Andreas Wieland and associate Ingrid Knollmeyer, Helsinki local partner Janko Lindros and associates Oona Järvenpää and Maria Fagerström-Ryder and Madrid partner Juan Manuel de Remedios, local partner Carlos Daroca and associate Laura González.
