07 January 2021
Silverfleet portfolio company Collectia makes first add-on acquisition
Collectia today announces that it has completed the acquisition of the German company Dr. Duve Inkasso GmbH (“DDI”). DDI provides debt collection services in Germany focusing on the private medical and professional services sectors. Financial terms have not been disclosed.
DDI was founded in 1990 and is based in Hanover, Germany. The Company is a specialist debt collection business focusing on the medical sector with clients such as vets, dentists, doctors, clinicians and other medical practitioners. DDI also has a strong presence in the professional services sector. DDI employs 21 staff and has a current portfolio of over 40,000 cases accounting for in excess of EUR 65m of receivables under management.
Silverfleet Capital invested in Collectia, a tech-enabled credit management services provider, in early 2020 to support its continued international expansion in the Nordics and Germany. Founded in 1998 and headquartered in Brøndby, Denmark, Collectia is a fast-growing debt collection and debt purchase business operating in Denmark, Sweden, Norway and Germany. The Company serves approximately 13,000 corporate customers across over 600,000 active cases. With its sophisticated proprietary technology platform, credit database and advanced data analytics capabilities, Collectia is a highly-differentiated business with significant potential to build market share in both existing and new markets.
Mark Piasecki, partner at Silverfleet Capital said: “Collectia’s first acquisition under our ownership is an important step in our value creation plan and further demonstrates that Collectia is a platform for continued buy & build”. Rob Knight, also from Silverfleet Capital, added: “DDI is a high-quality specialist collection business which gives Collectia access to attractive new segments and increases Collectia’s penetration in one of its core European markets.”
Christian la Cour Valentin, CEO of Collectia, adds: “In DDI we have found the perfect partner to expand and diversify our German presence and we are delighted to welcome the business into the Collectia group”.
The Silverfleet investment team that worked on the transaction were Mark Piasecki, Rob Knight and Johan Boork, who are all based in Silverfleet’s London office. Collectia was advised by the law firm Watson Farley & Williams and KPMG (financial, tax and structuring).