White & Case Advises Adelis Equity's Portfolio Company Ropo Capital on Nordic Expansion Through Acquisition of Colligent Inkasso
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Global law firm White & Case LLP has advised Adelis Equity's portfolio company Ropo Capital on the acquisition of all shares in Colligent Inkasso, Collector's third-party debt collection subsidiary.
Ropo Capital is a leading provider of invoice lifecycle management services in Finland, covering the whole value chain of receivables management. Ropo compete in the markets as a technological forerunner, with an operating model based on the advantages of digitalization and advanced automation. Headquartered in Kuopio, Finland, Ropo employs approximately 200 people and serves more than 8,000 customers in Finland – from SMEs to large corporates. Ropo deliver one in six invoices in Finland and aims to be the market leader in the country by 2020.
Colligent is a wholly-owned subsidiary of Collector, offering third-party debt collection and legal services to Swedish customers, primarily within the real estate and logistics industries. The Company has approximately 60 employees and is part of Collector's Corporate segment.
The acquisition opens up a new market for the provider-based invoice lifecycle services and strengthens Ropo's position in the Nordics by expanding its services to its customers to the region. The model developed by Ropo has changed the invoicing and receivables management market in its home country and will now start to make the same change in Sweden. Following the acquisition, Ropo's revenue will increase with €8 million and the number of employees in Sweden and Finland will increase to over 260 financial experts.
The transaction is expected to close during the fourth quarter 2019.
The White & Case team in Stockholm which advised on the transaction was led by partner Shoan Panahi, with support from partner Oscar Liljeson and associates Sebastian Wallin, Jonas Johansson, Ivana Sutalo, David Riihonen and Anders Westling.
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