Intrum Justitia and Lindorff announced their merger, became Intrum
Intrum Justitia and Lindorff announced that the combination of their organisations was completed, creating the leading provider of credit management services (CMS).
The European Commission approved the combination (conditional upon the divestment of Lindorff’s business in Denmark, Estonia, Finland and Sweden as well as Intrum Justitia’s business in Norway)
The company takes an important step towards consolidating the two companies by introducing a new corporate identity and brand name. The rebranding process will start on October 2nd in Sweden. The new brand will then be rolled out to the rest of the 23 markets later this year and in the beginning of 2018 with the aim finalize the rebranding process by the end of the first quarter 2018. The name of the parent company will continue to be Intrum Justitia AB (publ). When the implementation is completed, the subsidiaries will operate under the brand Intrum.
In 2014, Nordic Capital acquired the majority of Lindorff, a full-service European credit management service provider, with the ambition to support the company's growth and expansion to becoming a global player in its industry. At the time of Nordic Capital's acquisition, the company was operating in 12 countries in Europe, providing a range of products and services including customer selection, credit evaluation, invoicing, reminders, debt collection, portfolio management and customer services.
Nordic Capital Fund VIII is the majority shareholder in the combined company with approximately 45% of the shares.