Aktiv Kapital to Acquire $115 million Debt Portfolio in UK

European ARM company Aktiv Kapital announced that it has signed an agreement to purchase a debt portfolio with a face value in excess of £75 million ($114.5 million).

Aktiv Kapital signed a contract on April 29 with a major financial institution in the UK acquiring a non-performing loans portfolio. The portfolio consists of approx. 16,000 credit card and loan accounts. The major part of the portfolio will be serviced from Aktiv Kapital’s operation in Bromley, outside London.

“We have recently been selective in our acquisitions when buying non-performing loans. We appreciate that price expectations now are more in line with the underlying value of the portfolio. Previously we have stated that portfolio prices have been at unrealistic levels, and this transaction confirms for us that the market has reached sustainable levels. This acquisition is in line with our strategic focus and we look forward making this portfolio a success for both Aktiv Kapital and for our customers," says Erik Oyno, President & CEO of Aktiv Kapital.