Cerberus Capital Management, L.P. ("Cerberus"), a global alternative investment firm, announced that its affiliates have successfully acquired BROCC Finance AB ("BROCC"). The transaction closed following receipt of regulatory approval from the Swedish Financial Supervisory Authority ("SFSA").

BROCC is a technology-driven Swedish banking group with a strong presence in consumer finance across the Nordics. Its platform streamlines operations across lending, risk management, and product offerings to enable faster decisions, lower costs, and integrated customer experiences. With the backing of Cerberus, BROCC will drive the continued growth of its consumer finance vertical and expand into the complementary area of European consumer and SME non-performing loans ("NPLs") as a specialised debt restructurer ("SDR").

BROCC intends to complete an acquisition of NPL portfolios and satisfy SDR-compliant prudential regulatory ratios before December 31, 2025.

Charles Dunlap, Head of Global Financial Opportunities Advisory and Senior Managing Director at Cerberus, commented:

"This partnership is a continuation of Cerberus' commitment to the European financial services sector. We see tremendous opportunity for BROCC, both in the continued growth of its consumer finance business and the expansion into NPL asset management. With BROCC's strong platform and talented management team, the company is well-positioned to meet the needs of customers and banks across Europe."