BlackFin in Buckaroo carve-out

Following the carve-out, BlackFin will wholly own Buckaroo. The GP said it wants to accelerate the company's growth strategy to capitalise on the fast-growing e-commerce segment.

Stockholm-listed Intrum Justitia was recently merged with Lindorff, a debt collection agency owned by Nordic Capital. Nordic Capital owns 45.5% of the consolidated business. The merger was recently approved by Brussels on condition that some parts of the business were divested.

The deal is the fifth for BlackFin's €400m second fund, which, like its first fund, is focused on the financial services sector. At final close, the fund planned to make at least 12 investments of €5-30m in small to medium-sized companies with an enterprise value of up to €100m.

The deal is expected to be completed in the third quarter of this year.

Company
Founded in 2005, Buckaroo is a Dutch payment service catering to 5,000 merchants. It has around 60 staff.

People
BlackFin Capital Partners – Eric May (founding partner).

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