Axiom Partners completed the acquisition of Cannock-EDR from DAS.

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.