Intrum Justitia has entered into an agreement to divest one of its subsidiaries in the Netherlands, Buckaroo BV, to BlackFin Capital Partners, a private equity firm focusing on financial services across Continental Europe. The divestment will be subject to customary closing conditions and regulatory approvals, with the transaction expected to be completed in the third quarter of 2017.
Buckaroo BV, a company acquired by Intrum Justitia in 2012, is a billing and payment services provider with a market-leading position in the Netherlands. Following a strategic assessment and despite having developed favorably under Intrum Justitia’s ownership, a divestment process was initiatied.
With its new owner, the company will now be able to fully leverage the leading payment platform it has built out during Intrum’s Justitia ownership.
Buckaroo BV has about 60 employees and provides services to more than 4,500 merchants.
For further information, please contact:
Mikael Ericson, CEO & President
Tel: +46 8 546 102 02
Erik Forsberg, CFO
Tel: + 46 8 546 102 02