Quayle Munro is pleased to announce that it has advised a group of investment funds on their funding of the acquisition of GetBack S.A. (“GetBack”). The transaction value is PLN 825m (€186m*).
Founded in 2012, GetBack is a leading acquirer and servicer of non-performing receivables in Poland and Romania. Operating across the banking, financial services, telecoms and utilities sectors the business manages accounts with an aggregate face value in excess of €3.5bn.
Wojciech Łukawski, Partner at Abris Capital Partners, a leading independent private equity firm focused on Central and Eastern Europe, which was one of the funds involved, said: “We are delighted to be a member of the consortium investing in GetBack. We very much look forward to partnering with Konrad Kąkolewski and his management team in this next chapter for the business. We are excited about the opportunity to accelerate GetBack’s growth plans in an attractive and growing sector in Central Europe. We chose to work with Quayle Munro given their market-leading position in the sector and were impressed by their depth of knowledge and analytical capability.”
Lawrence Guthrie, Managing Director of Quayle Munro, said: “The transaction adds to our track record of advising in the receivables management sector across Europe, representing the eleventh completed transaction. In recent years we have advised on the sales of Cabot, Lowell on two occasions, Marlin Financial, Ultimo in Poland (which was acquired by B2 Holdings based in Norway), MCS in France (which was acquired by Cerberus and Arrow) and Capquest. We also advised on the acquisitions of Cabot Credit Management by Encore Capital and JC Flowers, and of iQor by Capita. We are also particularly pleased to add to our work in Poland, which we see as an extremely interesting market for speciality finance and insurance businesses, and where we are currently engaged on a number of projects.”