Credit, Collections & Insolvency News
Intrum Justitia AB has announced that Mikael Ericson will be the Chief Executive Officer (CEO) and President of the combined company once the transaction is completed. Erik Forsberg, the current Chief Financial Officer of Intrum Justitia, will continue as the CFO of the combined company.
In November 2016 Nordic Capital Fund VIII, currently, the indirect majority shareholder in Lindorff, and the Board of Intrum Justitia announced the intention to combine the two companies. The combined company will service 23 countries and around 100 000 corporate clients throughout a number of industry sectors.
Kristoffer Melinder, Managing Partner NC Advisory AB, advisor to the Nordic Capital Funds said “We have been in the fortunate position of having to choose between two excellent candidates in terms of experience and skills. Now we look forward to working together with Mikael in developing the combined company from the day the transaction is closed. I would also like to take the opportunity to express my sincere gratitude towards Klaus-Anders Nysteen for an outstanding achievement in taking Lindorff to the next level in terms of expansion and service delivery,”
The merger is currently pending competition clearance from the European Commission with an expected decision on June 12, 2017. The transaction is expected to close during the second quarter of 2017 as previously communicated.
Mikael Ericson assumed the role as CEO in Intrum Justitia in March 2016 and has worked in various senior positions in the financial industry over the past 30 years, including Head of Handelsbanken Capital Markets and CEO of Carnegie Investment Bank. Before joining Intrum Justitia, he held the position as Head of International Banking at Danske Bank.
