Europe’s largest debt assortment group is hoisting a on the market signal above a part of its worldwide operations after approaches from bidders.
Folks near the method mentioned a sale may worth the enterprise at as much as €730m (£610m), though the worth might be considerably decrease than that sum.
Barclays is overseeing the public sale on behalf of Lowell, they added.
The group’s Nordic operations had been bought as a carveout from Intrum, one other participant within the sector, in 2018.
Its steadiness sheet portfolios are valued at €475m, with a considerable third-party debt-servicing enterprise as well as.
Extra extensively, Lowell Group has 15 million prospects throughout Europe.
Within the UK, it competes with the likes of Arrow World, which can also be personal equity-backed.
In its final monetary 12 months for which ends up can be found, it reported money earnings earlier than curiosity, tax, depreciation and amortisation of £774m.
A spokesman for Lowell declined to remark.
