Link Financial Group aquires Generale Gestione Crediti
11 October 2018
The Link Financial Group announced that it has signed an agreement with Osculati & Partners to acquire Generale Gestione Crediti (GGC) and its Romanian subsidiary Setel Services Srl on 27th September 2018.
Founded more than 20 years ago, GGC was one of the first Italian companies to provide third parties with an integrated approach to debt collection management. Specialising in credit management and collection, GGC can offer services across the whole of Italy. The company is highly experienced with a reputation for professionalism and strong management.
The acquisition of GGC will complement Link’s range of available services in Italy. GGC has a solid management platform focused on early collections for third parties with clients in a range of sectors including banking, consumer credit, utilities, insurance, publishing, institutional investors and Government agencies.
GGC’s customers will benefit from becoming part of Link Financial Group, with Link Finanziaria’s expertise in managing unsecured, non-performing loans. The complementary capabilities of the two companies will provide obvious benefits in terms of products and services to their customers.
GGC will continue to operate from Milan under the same brand and to be managed by the same team of portfolio managers.
Commenting on the acquisition, Donato Pinto, Managing Director of Link FInanziaria, said: “The synergies between our companies, the benefits for our respective customers, the ethical approach to credit management and the quality of the GGC team were all elements that made GGC an excellent new addition to the Group. We are delighted to welcome our new colleagues to Link”.
About Link Financial Group
Founded in 1998, Link Financial Group is a leading company specialized in the complete cycle of credit management on behalf of financial institutions, investment funds and other providers of credit, able to provide turnkey solutions in credit management in outsourcing, buying portfolios of performing and non-performing, semi-performing, and standby operations servicing for securitisation vehicles.
The group manages more than 2.5 million customer accounts and employs over 700 people across 7 European locations.