Hamburg Commercial Bank provides syndicated loan for Swedish Alektum Group
Hamburg, July 29, 2021 - Hamburg Commercial Bank (HCOB), together with two Scandinavian banks, is providing a multicurrency revolving credit facility (RCF) of EUR 200 million to the Swedish Alektum Group AB. The three syndicate banks, acting as mandated lead arrangers, are each participating in one third of the three-year financing. The credit facility will be used to repay existing debt and support the Group's growth path.
Alektum Group AB is a family-owned company founded in Gothenburg in 1992, and one of the leading receivables management companies in Europe. With more than 650 employees, the group operates in 16 European markets, with a focus on Scandinavia. Alektum Group supports business customers with innovative AI solutions to collect outstanding receivables in a respectful manner with their customers.
"HCOB has have proven a deep understanding of our industry and shown great confidence in our company and our ambitions for the future. The revolving credit facility will provide us with considerable enhanced capital resources – offering a flexibility to the organization, that will enable us to further strengthen our position as the preferred partner to new and existing customers“, said Mats Augurell, CEO of Alektum Group.
"We have gotten to know the management of Alektum Group to be very prudent business partners who have decades of experience. The clear growth strategy for their company and the professionalism of the business leadership convinced us of a further good development", said Jens Thiele, Head of Project Finance and Corporates at Hamburg Commercial Bank.
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