Intrum Justitia and Lindorff to combine, creating the industry leading provider of credit management services with local presence in 23 European countries and with more than 8,000 employees.

Intrum Justitia will acquire Lindorff in exchange for newly issued shares in Intrum Justitia. Based on Intrum Justitia’s closing price at Nasdaq Stockholm as of 11 November 2016, the transaction values Lindorff at an enterprise value of SEK 40.5 billion. Intrum Justitia and Lindorff shareholders will own approximately 53% and 47% of the shares, respectively, in the combined entity. Nordic Capital Fund VIII, currently the indirect majority shareholder in Lindorff, will become the largest indirect shareholder in the combined entity.

The transaction is subject to Intrum Justitia shareholder approval as well as regulatory and competition authority approvals. The transaction is expected to close in the second quarter of 2017.

Nordic Capital was advised by Mannheimer Swartling in the transaction. The firm’s team consisted primarily of Jan Holmius, Isabella Ramsay, Henrik Johansson, Jonas Lagerroos, Viktor Leisnert, Adam Erdling and Victoria Lindberg (M&A and Structuring), Patrik Marcelius and Cecilia Björkwall (Equity Capital Markets), Stefan Perván Lindeborg, Jens Agö and Klas Arvidsson (Competition) and Thomas Pettersson, Felicity Trocmé and Alexandra Rodell (Financing and Regulatory).