NORWAY - Altor sells 50% of Lindorff to Investor

The Oslo-headquartered business operates in three major business areas: payment (third party debt collections), capital (purchasing of primarily unsecured written off debts) and support services (which includes credit scoring and invoicing services). In 2007 Lindorff had turnover of EUR 349m and EBITDA of EUR 102m.

Altor 2003 Fund acquired Lindorff Holding AS in 2004 for an undisclosed sum from Gjensidige NOR. At the same time, Altor purchased Contant Oy, a Finnish debt collection company, from Sponsor Capital in a secondary buyout and the two companies were merged to create the largest receivables collection company in the Nordic region.

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