An undisclosed affiliate of Cerberus Capital Management, L.P. agreed to acquire a 65% stake in Investment Portfolio of Intrum AB (publ) (OM:INTRUM) for SEK 8.2 billion on January 22, 2024. The portfolios will be acquired by an Investor, in which Cerberus will hold a 65% ownership stake and Intrum will hold a 35% ownership stake. The net expected proceeds of SEK 8.2 billion will be used, in full, to reduce leverage.

The completion of the transaction is subject to certain technical and customary regulatory conditions and is expected to be completed in the first half of 2024. Ranesh Ramanathan, David Sewell, Dougall Meston, Christopher Beardmore, George Burt, Akito Watkin, Sam Brodie, Amy Kennedy, Rebecca Davies, Serena Lee, Mohammed Natha, Jasper Helder and Jenny Arlington of Akin Gump Strauss Hauer & Feld LLP, Pascal Richard, Petra Hanselmann, Raphael Widmer, Martina Herzog, Martin L. Mueller, Melanie von Rickenbach, and Andrew Galantay of Pestalozzi Lachenal Patry, Cian McCourt, Fintan Clancy, Ian Dillon, Gavin McArdle, and Cormac Kissane of Arthur Cox acted as legal advisors to Intrum. PricewaterhouseCoopers International Limited acted as an accountant to Intrum.

Tracey Lochhead and Tom Quoroll of Linklaters LLP and Hansjürg Appenzeller, Stefan Oesterhelt, and Reto Heuberger of Homburger acted as legal advisors to Cerberus. Ernst & Young LLP acted as an accountant to Cerberus. Goldman Sachs has also agreed to provide financing for the transaction.

Magdalena Skowronska, Piotr Jackowski and Tomasz Jablonski on legal matters and Grzegorz Sprawka on tax of DZP advised Intrum.