In July 2020, PCP IV provided a commitment for a six-year SEK 900 million second lien loan to Alektum Group AB.
Alektum Group is a family owned business founded in Gothenburg, Sweden, in 1992 that provides third party debt collection services as well as service own non-performing loan portfolios. Alektum Group has some 650 employees and are active in 18 countries throughout Europe.
The financing provided by PCP will be used to refinance part of the existing debt and to fund further growth. PCP will work with the management team and owners of Alektum Group in the coming years and consider them well positioned to have a continued strong development in the years to come.