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gfkl.com

Stage

Acq - Fin - II | Alive

Valuation

$0000 

About GFKL Financial Services

GFKL Financial Services AG is a provider of receivables management services. The company's offerings are geared towards business groups, banks, insurance companies, utility companies, telecommunications companies and public institutions as well as SME companies.

GFKL Financial Services Headquarter Location

Am Europa-Center 1b

Essen, 45145,

Germany

+49 (0)201/102-0

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Latest GFKL Financial Services News

Advent International exits 2009 investment GFKL Financial to Permira

May 18, 2015

18 May 2015 Advent International has agreed to sell German receivables management services business GFKL Financial Services to private equity peer Permira . GFKL manages a receivables portfolio of €16.6bn for clients including banks, insurance companies, online retailers and telecommunications companies. The purchase price was not disclosed. GFKL had sales of €244m last year, up from €196m in 2013. Advent bought into GFKL back in 2009, when the business was a broad financial services conglomerate active in leasing, factoring and software as well as receivables management. As well as refocusing the company towards its core business, Advent invested in sales, operations, finance and IT to enable fast claim settlement processing on behalf of GFKL’s clients. Advent director Christian Stoffel said, “GFKL has gone through an impressive transition and the current management team has done a great job in developing GFKL in partnership with Advent. “We are convinced that GFKL is very well positioned to continue its successful expansion and gain further market share based on its highly professional approach and competitive platform.” Copyright © 2015 AltAssets

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