Major shareholder enters into a margin loan. Nordic Capital remains committed to Intrum Justitia AB (publ)
October 04 2017
Cidron 1748 S.à r.l. (the "Shareholder"), the company through which Nordic Capital Fund VIII ("Nordic Capital") holds shares in Intrum Justitia AB (publ) (the "Company" or "Intrum"), and the largest shareholder in the Company, has today entered into a three-year EUR 518 million margin loan (the "Margin Loan") secured against shares held in Intrum by the Shareholder. The Shareholder will not sell any shares in Intrum in connection with entering into the Margin Loan.
"Nordic Capital sees significant value creation potential for Intrum and wants to remain invested. This way the Fund can return some money to its investors while keeping shares in the Company. Nordic Capital firmly believes in the benefits of the combination of Lindorff and Intrum, and the creation of an industry leading CMS player." says Kristoffer Melinder, Managing Partner of NC Advisory AB, advisor to the Nordic Capital Funds.
The loan arrangement will adhere to all conditions from the merger agreement between Lindorff and Intrum Justitia AB and the Margin Loan has been provided by reputable third party financial institutions on conditions that are customary for this kind of instrument.
Katarina Janerud, Communications Manager,
NC Advisory AB, advisor to the Nordic Capital Funds
Tel: +46 8 440 50 69
About Nordic Capital
Nordic Capital is a leading private equity investor in the Nordic region with a resolute commitment to creating stronger, sustainable businesses through operational improvement and transformative growth. Nordic Capital focuses on selected regions and sectors where it has deep experience and a proven track record. Core sectors are Healthcare, Technology & Payments, Financial Services, Industrial Goods & Services and Consumer & Retail, and key regions are the Nordics, Northern Europe, and globally for Healthcare. Since inception in 1989, Nordic Capital has invested EUR 11 billion through eight funds. The Nordic Capital Funds are based in Jersey and are advised by six advisory entities, which are based in Sweden, Denmark, Finland, Norway, Germany and the UK. For further information about Nordic Capital please see www.nordiccapital.com