European ARM Firm Lindorff Could Become Publicly Traded

http://www.insidearm.com/news/00038624-european-arm-firm-lindorff-could-become-p/

European debt collector Lindorff, one of the largest ARM companies in the world, could become publicly traded if its private equity backer gets its way, according to a report from Reuters.

The Oslo, Norway-based firm could be listed on a European exchange as early as next year, according to the managing partner of Altor, a private equity firm that owns a 50 percent stake in Lindorff.

Lindorff has grown rapidly since Altor invested in the firm in 2003. The company said that net revenues in 2011 totaled $580 million. Lindorff has been buying debt collection firms focused on specific European countries, with notable recent deals involving the Netherlands, Spain, and Denmark.

Lindorff has a presence in 11 countries and counts 3,000 global employees.