Herkules Capital exits Gothia to arvato AG

Herkules's sale of Gothia, which has to be approved by the anti-trust and bank supervisory authorities, is expected to be completed by mid-2013.

With the combination of the two businesses, arvato will look to internationalise its business information and financial services activities. It notably expects to benefit from Gothia's service portfolio in the e-commerce segment, as well as in factoring.

Herkules acquired Gothia via the Herkules Private Equity Fund III vehicle in 2008.

Company
Headquartered in Oslo, Gothia is a credit management solutions provider. Besides the Nordic region, the company has also built a presence in Germany, Holland, the UK, Ireland and Spain through a combination of organic growth and acquisitions.

Gothia currently employs around 1,200 people throughout Europe and serves in excess of 2,000 clients.

People
Rikke Tobiasson Reinemo is a partner at Herkules. Achim Berg is the CEO of arvato and a member of the executive board of Bertelsmann. Trond Kristian Andreassen is the CEO of Gothia.

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