Searchlight Capital Partners and Fitzroy Capital have agreed to acquire Kredinor from Spare Bank 1 Gruppen and Kredinorstiftelsen for undisclosed terms. Searchlight is leading the consortium and partnering with Fitzroy. The sale follows a strategic review of Kredinor’s future needs.
Spare Bank 1 Gruppen has supported Kredinor since the company merged with Modhi Finance in 2022, while evaluating the right long-term ownership structure. It does not consider Kredinor a strategic core business. The consortium plans to provide capital and credit management expertise to support Kredinor’s next phase of development.
It intends to combine Kredinor’s market position, organization and credit management platform with Searchlight’s expertise in European financial services. Fitzroy will add its specialist credit management capabilities, operational experience and industry network. Completion is subject to customary regulatory approvals and closing conditions and is expected in January 2027.
Kredinor will continue to operate under its existing ownership until then. Arctic Securities, EY-Parthenon, Schjødt, Paul, Weiss, Rifkind, Wharton & Garrison and Clifford Chance advised the consortium. SB1 Markets and Selmer advised Kredinor and the sellers.
Source: PE Hub · Summarized by HeadlinesBriefing