Waselius advised Hoist Finance on its expansion into the Finnish market and the acquisition of an unsecured consumer credit portfolio from Lowell Group. The transaction reflects Hoist Finance’s ambition to grow in the Nordic market, where the company sees good growth opportunities. The medium-sized portfolio will be co-owned with Lowell Group, where Lowell Group will hold a majority and also be responsible for servicing. Hoist Finance is a leading investor in the European non-performing loans-market and manages credit portfolios in 14 European countries with a total portfolio value of SEK 31 billion.
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