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Transaction Announcement

Houlihan Lokey Advises Lowell

Houlihan Lokey is pleased to have advised Lowell on the sale of its Payments business unit in the Nordics to Sweden-based Collector Bank AB for an undisclosed amount. The transaction was announced on November 15, 2018, subject to Norwegian FSA approval.

Europe's second largest credit management company, Lowell, announced the divestment of its Nordics Payments business unit. The buyer is Sweden-based Collector Bank with offices in Sweden, Norway, and Finland. It is listed on the Nasdaq Stockholm Large-Cap list.

Since 2011, the Payments business unit has established a strong client franchise with some of the leading retailers in Finland and Sweden and has handled millions of transactions for online and traditional stores alike. The decision to divest is based on Lowell's ambition to create value and focus on its core business services of third party collection, debt purchasing, and the related invoicing and information services.

Collector Bank provides financing solutions to private individuals and corporate customers in Sweden, Finland, and Norway. Under this new ownership, this business unit will join a group where it will form part of the core offering and serve to strengthen Collector Bank's position in payment solutions in the Nordics.

Houlihan Lokey served as the exclusive financial advisor to Lowell. This most recent transaction further strengthens Houlihan Lokey's leadership in the specialty finance universe and highlights continued momentum and leadership in the FIG sector, which includes specialist finance, fintech, insurance, and asset and wealth management. Recent transactions include the sale of Optimum Credit to Pepper Money, Close Brothers Retail Finance to Klarna, Titlestone Property Finance to Paragon Banking Group, BIK Brokers to Pollen Street Capital, and Masthaven's £60 million capital investment from Värde Partners.

If you would like more information about Houlihan Lokey or have questions regarding our role in the transaction, please contact one of the transaction team members listed.

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Deal Team Contacts

Lawrence Guthrie
Managing Director
LGuthrie@HL.com
+44 (0) 20 7907 4245
Christian Kent
Managing Director
CKent@HL.com
+44 (0) 20 7907 4272
Yashin Mody
Senior Vice President
YMody@HL.com
+44 (0) 20 7907 4247

Houlihan Lokey (NYSE:HLI) is a global investment bank with expertise in mergers and acquisitions, capital markets, financial restructuring, valuation, and strategic consulting. The firm serves corporations, institutions, and governments worldwide with offices in the United States, Europe, the Middle East, and the Asia‑Pacific region. Independent advice and intellectual rigor are hallmarks of the firm’s commitment to client success across its advisory services. Houlihan Lokey is ranked as the No. 1 M&A advisor for all U.S. transactions, the No. 1 global restructuring advisor, and the No. 1 global M&A fairness opinion advisor over the past 20 years, according to Thomson Reuters.
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