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14/03-2018 12:14:56: (B2H) B2Holding enters the French market

Reference is made to the stock exchange release by B2Holding ASA at 16:37 on 13
March regarding the potential acquisition of a new platform in Western Europe. 

B2Holding has today signed and closed an agreement for the acquisition of 100%
of the shares of Negociation et Achat de Creances Contentieuses (NACC). 

NACC is one of the leading players in France within debt purchase and servicing.
NACC was established in 1993 and has strong client relationships with most of
the large French banks. NACC currently has around 80 full time employees, with
its headquarter in Paris and additional offices in Brest and Bordeaux.

About 90% of revenues come from collection on owned portfolios, while the
remaining revenues come from third party debt collection.  NACC has a strong
position and expertise within larger secured claims ("PVR" claims). At closing,
NACC had an Estimated Remaining Collection ("ERC") of approximately EUR 115
million of which a majority consists of PVR portfolios.   

The acquisition of NACC represents an Enterprise Value of approximately EUR 90
million at closing, and the acquisition will be financed by available financial
resources. Part of the transaction is based on an earn-out agreement with senior
management over 4 years. 

With the acquisition of NACC, B2Holding has secured a strong platform for
further growth in one of the larger markets for NPLs in Europe.  

"We are very pleased to see NACC become part of the B2Holding Group. The French
NPL market is characterized by relatively few established players compared with
its size, and we expect an increasing NPL sales activity in France going
forward. With this acquisition, B2Holding has further strengthened its footprint
in Western Europe, and we believe that NACC is an excellent platform for further
growth in France. The founder and President, Mr. Christian Roche, has built a
very good company that shares the values of B2Holding, and Christian and his
team are very committed to grow the company further together with B2Holding"
says Olav Dalen Zahl, CEO of B2Holding. 

"We are really excited to become part of the B2Holding Group. The French market
has a total NPL volume of close to EUR 60 billion, and the portfolio sales
activity is increasing. Together with our new owner we believe NACC is very well
positioned to be one of the leading players in the French market going forward"
says Mr. Christian Roche, founder and President of NACC.

This information is subject to the disclosure requirements pursuant to section 5
-12 of the Norwegian Securities Trading Act.

For enquiries regarding the transaction, please contact: 
 
Olav Dalen Zahl 
CEO, B2Holding ASA 
Mobile: +47 909 86 386 
Email:  odz@b2holding.no  
 
or 
 
Rasmus Hansson 
Director M&A, B2Holding ASA 
Mobile: +47 952 55 842 
Email:  rh@b2holding.no  

Ekstern link: http://www.newsweb.no/index.jsp?messageId=446455

Nyheten er levert av OBI.

Utforming |  Hjelp |  Utskrift  | Bytt til sanntid  Åpne markeder: Oslo Børs, Stockholm, København fondsbørs, Nasdaq, Nyse, Amex, Unoterte Norge
onsdag 20/06-2018 15:43:52