Clairfield International Sells Advis To Intrum Justitia

Clairfield International has advised the Shareholders of Advis on its c.£16m sale to Intrum Justitia.

Orbis Partners, a UK partner for Clairfield International, worked closely with Clairfield Denmark to map out the debt collection market and approach key strategic players. The Business was sold to Intrum Justitia who entered into an agreement to acquire Advis A/S, a leading credit management company in Denmark. Advis A/S is a market leader in the telecom sector, with a good presence in the media and utility segments. The company has about 60 employees and 2013 revenues of about 57 MDKK. During 2012 and 2013, Advis A/S has reported annual revenue growth of close to 20%, with EBITDA margins of about 22%.

This transaction is in line with Intrum Justitia’s strategy of strengthening our credit management business through acquisitions. Through Advis A/S, we will broaden our Danish customer base, gain access to data in new client segments and improve efficiency in operations through economies of scale.

Lars Wollung, President & CEO
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The statutory directors of Orbis Partners Ltd are Chris Gregory, James Grenfell, Gary Ecob and Shah Zaki.