Lowell Group, a debt collection company based in Leeds, is reportedly considering selling its Nordic business operations span Denmark, Finland, Norway, and Sweden. The potential sale, valued at up to €730 million (£610 million), is still in the early stages, and the final price may be lower.
Barclays is managing the auction process, and Lowell’s Nordic division was acquired from Intrum in 2018. The division includes balance sheet portfolios valued at €475 million (£400 million) and a third-party debt-servicing business.
Owned by private equity firm Permira and Canada’s OTPP pension fund, Lowell Group serves around 15 million customers across Europe. In its most recent financial year, the company reported cash earnings before interest, tax, depreciation, and amortisation of £774 million.
