DZP advises Intrum, European leading debt collection company, on finding investor

The Intrum Group, advised by DZP’s experts, is Europe’s leading entity specialising in debt collection and claims management, with operations in 20 European countries. The company offers commercial and consumer debt collection, debt surveillance, international debt collection, purchased claims handling, sales ledger maintenance and optimisation services.

Intrum has decided to sell a significant portion of its investment portfolio to affiliates of Cerberus Capital Management, while retaining a 35% stake in the acquiring entity.

The transaction comprises more than 10,000 portfolios with a nominal value of €33 billion and a book value of almost €1 billion in 13 European jurisdictions. The owners of these portfolios will be acquired by an investor in which Cerberus will hold a 65% stake and Intrum a 35% stake, and Intrum Group will continue handling the portfolios. With the sale, Intrum is taking an important step in its strategic evolution to a servicing-led business.

DZP’s advice, provided by Magdalena Skowrońska, Piotr Jackowski and Tomasz Jabłoński on legal matters and Grzegorz Sprawka on tax ones, covers all Polish aspects of selling the investment portfolio, including regulatory requirements for investment funds and claims management.