Madrid/Tallinn – CFI acted as the exclusive corporate finance advisor to Confirmación de Solicitudes de Crédito Verifica, S.A. (“Verifica” or the “Company”), in the sale of 80% of the shares to B2Holding ASA (“B2Holding”).
Verifica has three main business areas which include debt collection management services, telemarketing services for loans and credit cards and surveillance and non-payment prevention services. Debt collection management services constitutes more than half of revenues, and Verifica has client relationships with several of the large Spanish banks. Verifica currently has around 350 employees, with offices in central Madrid.
B2Holding [ISIN NO0010775166, Ticker: B2H02] is a European financial services provider. The Company specializes in the investment and workout of non-performing loans primarily from the banking sector, as well as providing third party debt collection solutions on behalf of clients.
With the acquisition of Verifica, B2Holding has secured a strong platform for further growth in Spain, one of the largest markets for NPLs in Europe. B2Holding also obtained an option to acquire the remaining 20% of the shares.
The transaction closed on 30 November 2017.
Funds managed by
have sold their shares in
to a private investor