Top Factoring has about 210 employees, primarily involved in the collection of its purchased debt portfolios, as well as a smaller unit for credit management services to external clients. The company is mainly present in the bank and telecom segment, with several strong client relationship generating recurring portfolio investment opportunities.
President and CEO of Intrum Justitia Mikael Ericson, President and CEO said “We believe the Romanian market for purchased debt is well functioning with good potential for future growth. Through the acquisition of Top Factoring, we will also broaden our ability to service current clients in a new geography. Combined with strong client relationships and efficient operations, this acquisition will contribute to Intrum Justitia’s growth potential for the coming years,”
The acquisition is expected to be completed during the second quarter of 2017. Top Factoring will be a part of Intrum Justitia’s Central Europe region.
Founded in 1923, Intrum Justitia is a Swedish credit management services group which is currently present in 19 countries.