coeo Inkasso, the receivables management service provider in Waterland Private Equity's corporate portfolio, is taking over KNP Financial Services GmbH. KNP is one of Austria's leading providers of debt collection services and mainly serves corporate customers in the e-commerce sector. For coeo Inkasso, the integration of KNP means that it can enter the Austrian market. The sellers are the two founders and managing directors of the company, Anton Moser and Wolfgang Hetlinger. They will stay in the management team after the sale. The parties have agreed not to disclose any details of the transaction, which is still subject to approval by the relevant antitrust authorities. The Waterland investment company acquired a majority stake in coeo Inkasso in February 2018.
KNP Financial Services, which has its main office in Vienna and has a staff of about 30 employees, aims to improve the liquidity of its customers by relying on highly automated processes. A modern infrastructure, powerful interfaces and a tailor-made workflow make effective receivables management possible. Last year, KNP processed around 100,000 new receivables. The integration into the coeo Inkasso Group will mainly benefit KNP in the area of customer acquisition and through access to a large and stable network of industries.
coeo Inkasso was founded in 2010 and is now based in Dormagen. The company offers fiduciary debt collection, debt purchase and credit information in the areas of e-commerce, trade, telecommunications and energy. More than 250 members of staff are currently employed at coeo Inkasso, which takes on more than 1,200,000 new receivables every year.
Wolfgang Hetlinger, the founder and Managing Director of KNP, is pleased about the intensification of the partnership: "We have already worked very successfully with coeo Inkasso in the past - especially in the joint acquisition of new customers. Deepening our cooperation will open up many opportunities: "There are operational starting points, for example, in the structured exchange of knowledge to improve the of quality our service ". Anton Moser, co-founder and Managing Director at KNP, adds: "Our collection processes are already highly automated. Together with coeo Inkasso, we want to make them even more efficient. Most of all, we will push ahead with innovations in the area of advanced analytics in a targeted manner."
Sebastian Ludwig, Managing Director at coeo Inkasso, sees the integration of KNP as an important milestone in the further development of the company: "With KNP, coeo Inkasso has succeeded in entering the Austrian market. In addition, we are further expanding our expertise in e-commerce. Deepening our partnership will bring immense benefits to both companies."
Dr. Carsten Rahlfs, Managing Partner at Waterland, comments: "In our portfolio companies, we focus primarily on buy & build strategies so we can develop them further. We are also providing support in the search for well-positioned companies with strong growth that are also market leaders in their sector. The market for receivables management is still highly fragmented, especially in German-speaking countries; consolidation of coeo Inkasso and KNP will strengthen the position of both companies significantly."
Waterland is an independent private equity investment company that helps companies achieve their growth plans. With substantial financial support and industry expertise, Waterland enables its investments to grow faster both organically and through acquisitions. Waterland has offices in the Netherlands (Bussum), Belgium (Antwerp), Germany (Hamburg, Munich), Poland (Warsaw), Great Britain (Manchester), Denmark (Copenhagen) and Switzerland (Zurich). It is currently managing six billion Euros in equity capital.
Since it was set up in 1999, Waterland has consistently achieved above-average performance with its investments and has regularly ranked among the top 3 leading private equity firms worldwide in the past HEC/Dow Jones Private Equity Performance Rankings.
About coeo Inkasso
coeoInkasso stands for intelligent receivables management and combines "knowledge gained from experience" with “human and technical” competence. This is how new data-based, behaviour-oriented debt collection strategies that preserve value for our customers are constantly emerging. The company was founded in 2010. In 2011 it took over the business operations of the debt collection service provider Forum Inkasso GmbH. The acquisition of the business operations of acoreus Collection Services GmbH followed in 2012. coeo Inkasso currently employs more than 250 people and takes on more than 1,200,000 new receivables files each year.
KNP Financial Services GmbH was founded in 2011 and stands for a modern and innovative receivables management system that aims to improve the liquidity of its clients. KNP currently has 30 employees based in Vienna and handles more than 100,000 new receivables files each year.
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