Announced
Completed
Financials
Sources
Tags
Consumer Lending
Private
Majority
Single Bidder
Cross Border
credit management
Friendly
Completed
Private Equity
Acquisition
Netherlands
Synopsis
Axiom Partners, a private equity company headquartered in Switzerland, completed the acquisition of Cannock-EDR, a prominent Dutch credit management and intelligence company that enables blue-chip companies, SMEs, semi-governmental and governmental organisations to optimise their credit processes, from DAS, a Dutch insurance company. Financial terms were not disclosed. Together with the expertise of Axiom Partners, Cannock-EDR wants to expand both internationally as well as by offering additional financing products for small and medium-sized enterprises as traditional banks serve this segment less and less. Axiom Partners, therefore, aims to combine credit management and financing companies by means of factoring and other financing products.
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