Ashcombe Advisers is pleased to announce that it has advised Aldridge EDC Speciality Finance ("AEDC") on its investment in DDM Holding AG ("DDM"), a leading credit management business in Central & Eastern Europe ("CEE"). Following this investment AEDC holds a stake of 48.8% in DDM.
DDM is a leading acquirer and manager of distressed assets. Since 2007, the DDM Group has built a successful platform in CEE, currently managing 2.3 million receivables with a nominal value of over EUR 2 billion.
AEDC's business objective is the purchase of operating businesses and assets in the financial services sector in Europe and CEE. The core focus lies on acquisitions of / investments in (i) platforms and assets of un-/secured (non- and sub-performing) consumer loans, SME loans, residential mortgages; (ii) financial solutions platforms (on low cost and high-/ fin-tech basis) offering payment and banking solutions for underbanked consumers, and (iii) (distressed/sub-performing) regulated financial institutions (including banks). AEDC is run by Erik Fällström, former Co-Founder of HOIST Finance, and Andreas H Tuczka, former partner at Lone Star Europe.
Since 2014, Ashcombe has worked on 27 financial services transactions with a combined value of approximately £4.3bn.