Silverfleet portfolio company Collectia makes third add-on acquisition

Collectia today announces that it has completed the acquisition of the Norwegian company Equity Gruppen AS (“Equity Gruppen”), a fast-growing provider of debt collection services in Norway focusing on B2B and SME clients. Financial terms have not been disclosed.

Equity Gruppen is headquartered in Tønsberg near Oslo, Norway and has c.30 employees and serves over 5,000 clients.

Silverfleet Capital invested in Collectia, a tech-enabled credit management services provider, in early 2020 to support its continued international expansion in the Nordics and Germany. Founded in 1998 and headquartered in Brøndby, Denmark, Collectia is a fast-growing debt collection and debt purchase business operating in Denmark, Sweden, Norway, Finland and Germany. The Company serves approximately 13,000 corporate customers across over 600,000 active cases. With its sophisticated proprietary technology platform, credit database and advanced data analytics and AI capabilities, Collectia is a highly-differentiated business with significant potential to build market share in both existing and new markets.

Mark Piasecki, Partner at Silverfleet said: “The acquisition of Equity Gruppen fits perfectly with our international buy & build story and further demonstrates that Collectia is an attractive platform for M&A”. Rob Knight, Partner at Silverfleet, added: “Equity Gruppen and Collectia are a great fit given their shared technology focus and leadership. We are excited to integrate Equity Gruppen on to our proprietary IT platform and also to leverage Equity’s ERP integrations to grow further in the attractive SME market”.

Christian la Cour Valentin, CEO of Collectia, adds: “Equity Gruppen is a very attractive partner for Collectia to expand and diversify our Norwegian presence. We are pleased to welcome Equity Gruppen into the Collectia Group and believe that together we can provide even better products and services across our markets”.

The Silverfleet investment team that worked on the transaction were Mark Piasecki, Rob Knight and Jesper Steffensen, who are all based in Silverfleet’s London office. Collectia was advised by the law firm Thommessen and Deloitte (financial, tax and structuring).