Searchlight Capital Partners and Fitzroy Capital agreed to acquire Kredinor following a strategic review of the Norwegian credit management company’s ownership structure.
The buyers plan to support Kredinor’s next phase of growth by combining the company’s established credit management platform with Searchlight’s financial services investment experience and Fitzroy’s specialist expertise in credit management and non-performing loans.
Kredinor has strengthened its core operations and improved profitability over the past several years.
The company will continue operating under its existing ownership until the transaction closes.
Completion is subject to customary regulatory approvals and closing conditions and is expected in January 2027.
Searchlight and Fitzroy plan to provide both capital and operational expertise to support Kredinor’s continued development.
Kredinor serves approximately one million customers annually across the Nordic region and describes itself as Norway’s leading full-service debt collection agency.
Searchlight manages approximately $17 billion in assets and has experience investing across European financial services.
Fitzroy Capital specializes in the European non-performing loan industry, including credit management services, portfolio investments, and asset management.
Arctic Securities, EY-Parthenon, Schjødt, Paul Weiss, and Clifford Chance advised the buyer consortium.
SB1 Markets and Selmer advised Kredinor and the sellers.
KEY QUOTES:
“Over the past three years, Kredinor has sharpened its strategic focus, strengthened its core operations and delivered a significant improvement in profitability. Searchlight and Fitzroy bring relevant sector expertise, capital and an international perspective, and we look forward to working with them to build on the progress already achieved.”
Rolf Eek-Johansen, CEO of Kredinor
“Kredinor has a strong market position, an established platform and a clear opportunity for further growth. We look forward to partnering with Fitzroy and Kredinor’s management team to support the Company’s continued development, drawing on our experience of investing in financial services businesses across Europe.”
Albert Shin, Partner at Searchlight Capital Partners
“Kredinor combines a strong brand and market position with a highly capable team and deep credit management expertise.”
Anders Engdahl, Chief Investment Officer of Fitzroy Capital
