Link Financial Group has announced the completion of their acquisition of 100% of the shares of Obligo, a Polish credit management company based in Łódź.
Obligo has a 20-year track record and deep experience in the industry having serviced more than 400,000 cases with a nominal value exceeding 1.7 billion PLN across performing and non-performing assets. The company will continue to operate from its headquarters in Łódź and an office in Wrocław, and will be managed by the same experienced senior team.
Commenting on the announcement Selina Burdell, COO at Link Financial Group said “Obligo is a first-class addition to the Link Financial Group. Their values mirror our own with an ethical approach to credit management, so clients and customers will continue to receive the same excellent service they always have. We’re also very pleased to welcome onboard the experienced and professional team led by Tomasz Kisiel and Piotr Kaliszuk”.
Tomasz Kisiel CEO at Obligo said “All of Obligo’s management as well as our 70-strong team are delighted to join the Link Financial Group, an international operation with an unparalleled track record and breadth of experience. This is a move which will further enhance our already strong capabilities in Poland”.
Fernando Yáñez, Managing Director – Head of Corporate Development at LCM Partners said “LCM Partners, a Group company, has been investing in Poland over the past four years, and the acquisition of an expert servicer in the country by our affiliate Link will certainly enhance our standing in the local market, and support our ambitious plan to deploy significant capital there over the coming years”.