Regulators to Review $560 million Lindorff Deal by July 16

European business regulators have set a date of July 16 as the deadline for its review of a deal that would transfer half of the ownership of one of Europe’s largest debt collection agencies to private equity Investor AB.

Last week, Lindorff Group announced that Investor AB would be buying a 50 percent stake in its company from its current owner Altor Equity Partners for $560 million (“Investment Firm Buys Half of European Collector Lindorff for $560 Million,” June 11). Oslo, Norway-based Lindorff reported revenues of $542 million last year.

The European Commission Tuesday announced that its review of the deal will be finished by July 16. The Commission reviews all large cross-border M&A transactions among its member states.

Also last week, the investment publication Private Equity News said that Altor was planning to mount an acquisition campaign after closing on the Lindorff deal.

Hugo Maurstad, chairman of Lindorff and a partner in Altor, said that Altor was looking at smaller acquisitions in the Netherlands. He did not indicate what types of companies the investment firm was targeting.