Ultimo Netherlands acquisition of Debt Collection Agency

20/5/2016

Public acquisition

Status:

Completed

Date:

20/5/2016

Overview:

Ultimo Holdings has acquired Debt Collection Agency (DCA) from Martin Despov Despov and Nikolina Todorova Stancheva.
Ultimo Holdings is a subsidiary of Norwegian financial services provider B2Holding.
DCA has 134 employees in Bulgaria and 25 in Romania and acquires unsecured retail loan portfolios. It currently has portfolios with a value of €180 million.

Sam Duke - Editor

Jurisdictions:

Austria
Bulgaria
Romania

Deal type:

Public acquisition

Practice area:

M&A

Industry sectors:

Banking
Financial services

Firms:

CMS

Party: B2Holding (Acquirer)

Party: Ultimo Holding (Acquirer)

Lawyers: Alexander Rakosi, Gentscho Pavlov, Horea Popescu, Lisa Oberlechner

Gugushev & Partners

Party: Debt Collection Agency (DCA) (Target)

Lawyers: Dimitrinka Metodieva, Petko Angelov (left the firm), Stefan Gugushev

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