GERMANY - Advent acquires GFKL Financial Services AG

In addition, Advent will participate in a capital increase to strengthen GFKL's equity base and to realise further growth.

Essen-headquartered GFKL services receivables in excess of about EUR 23bn. Since 2008, the company has undergone strategic review following the decision to discontinue its leasing and systems business, with the business now focusing on debt collection and debt purchasing as well as software applications. GFKL's debt collection services include both trust administration and the purchase of non-performing receivables.

The company was founded in 1992 and employs around 1,000 people.

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