September 21, 2014 2:31 AM ET

Commercial Services and Supplies

Company Overview of Lindorff Group AB

Company Overview

Lindorff Group AB provides debt-related administrative services to customers in Norway, Sweden, Denmark, Finland, Estonia, Latvia, Lithuania, the Russian Federation, the Netherlands, Germany, and Spain. It offers information services, such as advisory services, scorecard generation and adaption, analysis, personal non-performance, and monitoring and information on individuals and businesses; and invoice services, including invoice administration, subsidiary ledger accounting, invoice printing, payment reminder service, debt collection, and invoice purchasing. The company also provides debt collection strategies and solutions for the follow-up of unsettled claims; international collection ser...

Fyrstikkalleen 1

Skøyen

PO Box 283

Oslo,  0213

Norway

Founded in 1898

Phone:

47 23 21 10 00

Fax:

47 23 21 11 00

Key Executives for Lindorff Group AB

Chief Executive Officer
Age: 55
Co-Founder and Chairman
Chief Financial Officer
Age: 51
Chief Operating Officer
Age: 60
Compensation as of Fiscal Year 2014.

Lindorff Group AB Key Developments

Lindorff Reports Earnings Results for the First Quarter Ended March 31, 2014

Lindorff reported earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported sales of EUR 112 million against EUR 109 million for the same period a year ago. EBITDA was EUR 34 million against EUR 30 million for the same period a year ago. Net debt as on March 31, 2014 was EUR 780 million.

Altor Reportedly Appoints Goldman Sachs, Morgan Stanley, SEB, Carnegie To List Lindorff

Altor Equity Partners has hired The Goldman Sachs Group, Inc., Morgan Stanley, Skandinaviska Enskilda Banken AB (publ) (SEB), Carnegie Investment Bank AB for a stock market listing of Lindorff Group AB, four sources familiar with the matter said. Goldman Sachs said that the people declined to be identified because the process is not public. Reuters reported that Investor, Altor, Lindorff and the banks all declined to comment. Altor has said it wants to list Lindorff by the first half of 2014. Morgan Stanley advised Investor AB while Goldman Sachs advised Altor, people familiar with the deal said. Carnegie is owned by Altor, whereas Investor is the largest owner in SEB. Lindorff intial public offering (IPO) is valued for $2.3 billion and debt of $1.1 million. Lindorff‘s listing has not been decided. It may be in Norway, Sweden, the people said.

Lindorff Reports Earnings Results for the Third Quarter and Nine Months Ended September 2013

Lindorff reported earnings results for the third quarter and nine months ended September 2013. For the quarter, the company reported net sales of EUR 101 million against EUR 103 million for the same period a year ago. EBITDA was EUR 41 million against EUR 44 million for the same period a year ago. For the nine months, the company reported net sales of EUR 307 million against EUR 281 million for the same period a year ago. EBITDA was EUR 106 million against EUR 88 million for the same period a year ago. Net debt was EUR 770 million.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
July 18, 2014
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