In August 2019, PCP provided a subordinated loan to the German debt collection agency coeo Inkasso. The loan proceeds were part in a transaction where the Company refinanced existing debt and acquired the Austrian debt collection agency KNP Financial Services.
coeo Inkasso was founded in 2010 and has since achieved impressive growth, establishing itself as a leading debt collection player in Germany. The company is active in various parts of the debt collection value chain with activities in fiduciary debt collection, debt purchasing and credit checks across e-commerce, trade, telecommunications and energy. Through the acquisition of KNP Financial Services, coeo Inkasso broadened its geographical reach by gaining access to the Austrian market.
PCP appreciates the stable nature of the debt collection market and combined with coeo Inkasso’s efficient operations and strong position in the fast-growing e-commerce vertical, we believe that this creates a solid platform positioned for growth. We look forward to becoming a long-term financial partner to coeo Inkasso and support its continued development and growth.