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Hoist Finance acquires large diversified banking portfolio in the UK PDF Print E-mail
Thursday, 02 July 2015

Hoist Finance AB (publ), a leading pan-European debt restructuring partner to international banks, has acquired a diversified banking portfolio from Compello Group. The acquisition consists of more than one million banking claims originated by 19 different financial institutions and an established and proven collections platform with 178 full time employees (FTEs). The portfolio has approximately £218 million 10-year Estimated Remaining Collections (as at 30 June 2015).

“This transaction is firmly in line with our strategy to strengthen and expand our market position in our core markets. In addition we continue to build on key economies of scale, namely from an operational as well as an analytical perspective. The acquisition also adheres very well with our target to purchase portfolio volumes during 2015 in line with or higher than the previous years,” says Jörgen Olsson CEO of Hoist Finance.

“The acquisition further increases our reach and operational capacity and underpins Hoist Finance’s market position with core UK banking clients,” Najib Nathoo CEO Hoist Finance UK, concludes.

(Source - Hoist Finance Press Release)  

 
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