About us

About us

Axactor is a Nordic-based debt management company with operations in five European countries. We have a solid growth track-record and a strong financial position, and are continuously investigating new growth opportunities within existing and new markets.

Axactor was established in 2015. With strong industry knowledge through our highly experienced management team we are one of the top 10 providers within the industry in Europe, and our ambitions are high.

We are challenging our competitors through an extreme efficiency, based on our innovative, cost efficient and forward looking solutions within it and operations, that in our opinion will revolutionize the industry. We are investing significantly in new technology, IT infrastructure and digital solutions, and we have developed a technological platform specifically designed for scaling up our next-generation debt management business. We operate without the legacy of old structures and methods, building a lean and efficient organization, fit for the future of our industry.

Over the last two years we have acquired large portfolios from some of the most reputable European and Nordic banks, as well as winning significant contracts with well-known financial institutions. Geveran Trading joined Axactor as the largest owner and co-investor from august 2017. They provide Axactor with a solid financial platform as well as valuable experience from the industry. This opens new opportunities to compete for even larger and more attractive portfolios from an even broader range of international banks and financial institutions.

Our high performance culture and firm commitment to sustainable solutions for our customers and debtors, makes us strongly committed to deliver high quality and a continuous drive for operational excellence.

Our main focus has been on the market of unsecured Business to Consumer (B2C) loans, but in 2017 we have also invested in portfolios of secured non-performing loans (NPLs). Going forward, we will continue to build service capabilities to cover both the unsecured and secured Non Performing Loans markets.

Axactor is listed at the Oslo Stock Exchange under the ticker AXA.

The parent company in the Axactor Group is registered with the Swedish Companies Registry as Axactor AB.

 

Axactor Values

Axactor employees are:

Passionate and have strong industry knowledge to create success
  • Focus on delivering results and positive outcomes
  • Demonstrates personal dedication in all we do
  • Love a great challenge and seek continuous improvements in our work
     
Acting with integrity, trust and a high ethical standard to build long lasting relationships
  • Deliver what we promise and treat everybody with respect
  • Say what needs to be said and hold ourselves accountable
  • Collaborate efficiently with co-workers, we win as a team, every one matters
     
Proactive and embrace changes to meet future challenges
  • Share best practices with each other
  • Solution oriented and strive to be innovative and creative
  • Committed to live with changes to ensure the best service possible
     

History

Axactor Group AB was established in November 2015. The first transaction was the acquisition of ALD Abogados in December 2015.

During 2016, and first quarter of 2017, the following acquisitions were made; April 2017 IKAS in Norway; May 2016 Geslico in Spain; June 2016 CS Union in Italy; September 2016 Altor in Germany; February 2017 Profact in Sweden.

Additionally, the company has acquired a number of non-performing loan portfolios, and secured new third party collection deals. More information on the specific deals can be found under News and Media.


 

Governance & Compliance

Anita    

«Axactor strive to maintain the highest level of professional standards and places maximum focus and importance upon its reputation for honesty, integrity and compliance in all aspects of its conduct of business.»

Anita Høst
Head of Legal & Compliance/Solicitor

 

 

Governing bodies and organization

The Axactor Group governance is according to Swedish law and the Annual General Meeting is the main governing body. The Board of Directors have the responsibility to manage the Axactor Group, supervising the day to day management and operations.

 

The Audit Committee

The board of directors in Axactor AB (Publ.) nominates the audit committee members.

Members of the committee shall serve until such member’s successor is duly elected and qualified or until such member’s earlier resignation or removal. The members of the Committee may be removed, with or without cause, by a majority vote of the board of directors.

The audit committee comprises 3 members, but shall always comprise at least 2 members.

Each member should have skills and experience appropriate to the company’s business.

Executive managers cannot be members of the Committee. Each member shall be financially literate; at least one member must have accounting or related financial expertise.

The audit committee meets Norwegian requirements regarding independence and competence. The audit committee is appointed by the board of directors to assist the board in discharging its oversight responsibilities. The audit committee will oversee the financial reporting process to ensure the balance, transparency and integrity of published financial information.

The audit committee will also review:

  • the effectiveness of the company’s internal financial control and risk management system;
  • the independent audit process including recommending the appointment and assessing the performance of the external auditor;
  • the company’s process for monitoring compliance with laws and regulations affecting financial reporting and, if applicable,
  • its code of business conduct.

The audit committee maintains a pre-approval policy governing the engagement of the company's primary and other external auditors to ensure auditor independence.

Non-Audit Services Pre-Approval Policy

The Investment Committee

The board of directors in Axactor AB (Publ.) nominates the investment committee members.

Members of the committee shall serve until such member’s successor is duly elected and qualified or until such member’s earlier resignation or removal. The members of the Committee may be removed, with or without cause, by a majority vote of the board of directors.

The investment committee comprises 3 members and will always comprise at least 3 members.

Each member should have skills and experience appropriate to the company’s business. Executive managers cannot be members of the Committee.

Each member shall be financially literate; at least one member must have related financial expertise.

The Committee reports to the board on the activities and recommendations of the Committee.

The investment committee is appointed by the board of directors to assist the board in discharging its oversight responsibilities. The investment committee will oversee the financial investment process- and proposals to ensure that the relevant investments meet company requirements with respect to expected return and due diligence prior to commitment of funds.

The Nomination Committee

The Nomination Committee shall consist of between two and four members and be elected by the Annual General Meeting (AGM) for a period of one year at a time. The Nomination committee shall propose members and the chairperson of the Nomination Committee for the AGM.

The majority of the members of the Nomination Committee should be independent of the Board of Directors and the executive personnel.

The current Nomination Committee was elected on the Extraordinary General Meeting (EGM) held 20. January 2017:

     - Jarle Sjo (Chair)

     - Magnus Tvenge (Member)

     - Cathrine Lofterød Fegth (Member)

None of the members are employees of Axactor AB (Publ.) or members of the board of directors.

Guidelines for the Nomination Committee of Axactor AB (publ)

 

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