Setterwalls advises Collector in connection with IPO

Setterwalls are legal advisers to Collector in connection with the listing of Collector on Nasdaq Stockholm.

Collector is a niche bank that offers innovative financial solutions to private and corporate customers. Operations are carried out in two segments; Retail and Corporate. Within Retail, Collector offers personal loans, invoicing and instalment solutions to e-commerce and retail customers, credit cards through Collector Easycard and Collector Easyliving, and deposits. The Corporate segment includes factoring and corporate loans primarily to SMEs, junior property financing solutions, third party debt collection services and acquisitions of portfolios of overdue receivables. The Company has offices in Gothenburg (headquarter), Stockholm, Malmö, Helsinki and Oslo. In connection with the listing an oversubscribed issue of shares of approximately MSEK 400 is made. In addition, transfers of existing shares are made. Assuming full acceptance of the offering and provided that the overallotment option is fully exercised, the value of the offering will be SEK 1.1 billion. The market value at the listing corresponds to a total market value SEK 5.1 billion. The company’s largest shareholder is Fastighets AB Balder (publ).