Alektum Group Intends to Strengthen Market Position Through Strategic Optimization and New Partnership

Gothenburg, Sweden – September 2, 2024

Alektum Group is pleased to announce a significant strategic optimization aimed at strengthening our market position and enhancing operational efficiency. This transformation aims to establish Alektum Holding with two distinct and focused business pillars: Debt Collection and Portfolio Investments, each operating within separate legal entities under the umbrella of Alektum Holding.

As part of this optimization, all portfolio investments aims to be transitioned from Alektum Group to Alektum Holding, enabling Alektum Group to focus solely on its debt collection business.

A Letter of Intent (LOI) has been signed, reflecting our ambition for Alektum Holding to assume full ownership of Rediem Capital as early as Q1 2025. Rediem Capital is currently a subsidiary of TF Bank AB (publ.) and holds a banking license authorization (sv. kreditmarknadsföretag), is authorized to accept deposits and aims to obtain status as a Specialized Debt Restructurer (SDR). Subsequently, all debt portfolios will be further transitioned from Alektum Holding to Rediem Capital in order to create a more efficient funding.

“We, and our owners G4 Capital and Erik Selin, are excited about the opportunity to optimize our business and futureproof our market position and financing solution. The intention is that Rediem Capital, will become a wholly-owned Alektum Holding subsidiary, perfectly aligned with our strategic ambitions to continue growing our Portfolio Investment business with strong profitability and build even stronger relationships with both existing and new clients,” says Linus Singelman, CEO of Alektum Holding.

For more information, please contact: Linus Singelman CEO, Alektum Holding – linus.singelman@alektumgroup.com

TF Bank AB’s press release can be found here: https://group.tfbank.se/en/tf-bank-ab-publ-announces-restructuring-and-conclusion-of-a-letter-of-intent-regarding-the-divestment-of-npl-portfolios-in-order-to-increase-the-efficiency-of-the-banks-capital-utilisation/