Alantra advises Creditinfo Group on a majority investment by Levine Leichtman Capital Partners
SECTORTechnology
ServiceM&A
San Francisco – Alantra, a leading global investment bank and asset management firm, is pleased to announce that Creditinfo Group has been acquired by Levine Leichtman Capital Partners (“LLCP”), a global private equity firm, in partnership with its founder and management team. The transaction closed on March 9, 2021 for an undisclosed transaction value.
Established in 1997 and headquartered in Reykjavík, Iceland, Creditinfo is a provider of credit information and risk management solutions worldwide. As one of the fastest-growing companies in its field, Creditinfo facilitates access to finance through intelligent information, software and decision analytics solutions. With more than 30 credit bureaus running today, Creditinfo has a significant global presence in the field of credit risk management. For decades, Creditinfo Group has provided business information, risk management and credit bureau solutions to some of the largest lenders, governments and central banks globally, increasing financial inclusion and generating economic growth by allowing credit access for SMEs and individuals.
“We are delighted that our long-standing relationship with Creditinfo culminated in an investment by LLCP to lead the next phase of growth,” said Irfan Iqbal, Managing Director and Partner with Alantra Technology. “Creditinfo is a visionary innovator in the credit data sector, creating financial opportunities in underserved economies with significant barriers to entry across its footprint. Its proprietary platform is uniquely suited to global economies that incumbents can’t efficiently serve due to legacy infrastructure and the inability to manage a myriad of non-traditional data used for credit decisions. We believe LLCP is the perfect partner to jointly realize the business’s full potential and capitalize on the exciting, global market opportunity.”
“For us, the board and management team at Creditinfo, we could not imagine at the outstep all the requirements to find the best majority shareholding, in terms of the right deal and trust that they will grow the business in a suitable way,” said Paul Randall, CEO of Creditinfo. “The Alantra team played a crucial role in managing the emotional challenges of transferring a legacy to new stewardship with great technical expertise and dedication. The team also successfully mastered the complexity of Creditinfo in terms of geographical diversity and solution and eased the burden on Creditinfo management.”
This transaction further enhances Alantra’s track record in the Financial Technology and Data sectors. The Alantra Technology team advising Creditinfo Group included Mr. Iqbal, Allen Kogan (Director, San Francisco) and Jon Ng (Associate, San Francisco).
