Europe’s largest debt assortment group is hoisting a on the market signal above a part of its worldwide operations after approaches from bidders.
Individuals near the method mentioned a sale may worth the enterprise at as much as €730m (£610m), though the worth could possibly be considerably decrease than that sum.
Barclays is overseeing the public sale on behalf of Lowell, they added.
The group’s Nordic operations have been bought as a carveout from Intrum, one other participant within the sector, in 2018.
Its stability sheet portfolios are valued at €475m, with a considerable third-party debt-servicing enterprise as well as.
Extra extensively, Lowell Group has 15m prospects throughout Europe.
Within the UK, it competes with the likes of Arrow World, which can be privage equity-backed.
In its final monetary yr 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.
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