Altium acted as exclusive financial advisor to Deltavista International AG, a credit bureau and risk management provider in German-speaking Europe, on the sale to CRIF.
By acquiring Deltavista’s operations in Germany and Poland CRIF, a global company specializing in credit bureau, business information, processing services and credit solutions, will further strengthen its industry-leading positioning in the field of banking credit information and risk management solutions in continental Europe.
Furthermore, the acquisition enables CRIF to exploit synergies with the other local offices already established in those countries.
With a cutting edge platform and solutions, Deltavista currently serves banks, telcos, energy, insurance and e-commerce companies with identification checks, address management tools, automated data consolidation solutions, customizable decision-making models and anti-money laundering solutions.
In the beginning of 2016 CRIF further solidified its presence in Germany through the acquisition of Bürgel, one of the leading German consumer and business information providers, with a 130-year track record. Bürgel provides unique and powerful sets of advanced Credit Bureau Information and Risk Management solutions to the market. Bürgel and Deltavista will operate separately and independently from each other, thus addressing different market needs: Bürgel as an information and solution provider, Deltavista as an independent solution provider, and therefore neutral from other information providers.
This latest transaction sees Altium build on its leading position in European business services advisory, having completed 20 transactions since the beginning of 2015. Other recent business services deals include the sale of German firm webguerillas to TERRITORY, a subsidiary of Bertelsmann, the refinancing of Stroma, a portfolio company of Lloyds Development Capital in the UK and the sale by Argos Soditic of Italian HR and administration services provider F2A to Ardian.
About Altium
Altium is a leading international mid-market financial advisory group, providing M&A, debt and corporate finance advice to companies, private equity firms and entrepreneurs. Established 30 years ago, Altium recently announced its definitive merger agreement with the listed international investment bank GCA Savvian which, on closing, will see the creation of a leading independent international investment bank holding top positions in key growth sectors with an extensive global network including offices in Tokyo, San Francisco, New York, Osaka, Shanghai, Singapore, Mumbai, London, Manchester, Frankfurt, Munich, Zurich, Milan and Tel Aviv.
For more information about Altium, please visit www.altiumcapital.com