Lindorff Group
Acquisition of Cross Factor S.A
Saga Corporate Finance advised Lindorff Group in the acquisition of Cross Factor S.p.A
Cross Factor is an Italian company providing both debt purchasing and debt collection services. Cross Factor is one of the oldest debt purchasers in Italy and since the foundation the Company has purchased more than 200.000 loan positions originated by banks with a total face value of €2.3 bn. The acquisition provides Lindorff with a base for Italian operation as the Company are increasing its presence in the country.
Lindorff is the leading full-service European credit management service provider, offering services within debt collection and debt purchase as well as payment and invoicing services. The company has 4400 employees in 13 countries with headquarters in Oslo, Norway.
Facts
Lindorff is the leading full-service European credit management service provider
Commissioned by Lindorff Group
Mandate Buy side
Industry Financial services
Employees 4400
Lindorff is the leading credit management company in Europe. With the acquisition of Cross Factor Lindorff secures a solid platform for further expansion in Italy. Cross Factor is among the leading players in the region and will after the integration contribute by strengthening Lindorff’s position in the Italian market.
Anders Aasheim, Senior Advisor