21 Concordia acquires majority stake in EGB
21 Concordia, a private equity fund of 21 Partners, has completed an investment in Polish debt collection company EGB Investments.
Founded in 1995, EGB Investments manages collection of consumer and corporate debt for banks, financial institutions, telecommunications, and utilities companies in Poland.
EGB generates sales in excess of EUR12 million with an Ebitda margin in excess of 15 per cent.
In addition to the core debt collection and receivables management services, the company provides liquidity enhancement solutions for small and micro enterprises through its subsidiary EGB Finanse.
21 Concordia along with the management will foster an organic growth strategy.
Dariusz Górka, managing partner of 21 Concordia, says: “EGB is an excellent investment opportunity. With its innovative and experienced management team we will be able to take EGB to the next stage.”
“This investment opens a new chapter in our company’s history. We believe, that with the support of 21 Concordia, a like-minded entrepreneurial investor, we will be able to grow our business by maintaining the strong position in the debt collection market and developing new business lines,” says Krzysztof Matela, EGB chief executive.
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