Creditinfo Group, the leading global credit information and decision analytics provider, today announces that the private equity firm, Levine Leichtman Capital Partners (LLCP) has become its new majority shareholder.
The firm will help Creditinfo Group to keep expanding operations and support financial institutions with a full suite of best-in-class credit risk management tools.
The announcement marks another significant milestone in Creditinfo’s growth journey, as world leader in providing decision analytics and risk mitigation solutions to lenders, central banks and SMEs continues to expand. The company’s combination of international know-how and local market support, continues to fuel demand for Creditinfo’s decision analytics solutions, which use traditional and evolving data sets to help customers take an intelligent and informed approach to risk and lending decisions.
This new shareholder composition brings new impetus and direction to the company’s growth plans while also maintaining continuity for the business, with Creditinfo founder Reynir Grétarsson retaining his board seat and a significant minority shareholding.
Well-respected industry veteran, Paul Randall - who joined Creditinfo in 2007 - will lead the company through its next phase of growth as the newly appointed Group CEO, working closely with Reynir Grétarsson and LLCP.
“This investment shows Creditinfo’s potential and commitment to enable corporates, SMEs and individuals be active players in the economy” commented Paul Randall, CEO at Creditinfo Group. “We now have a new, eager and dynamic investor on board that will help us increase market penetration and expansion. They also bring a wealth of corporate experience running international businesses that will help us further strengthen our contribution to the credit risk and fintech industry. Our unique position in both advanced and emerging markets and the mix of technology our solution can incorporate give us great hopes for the future with considerable growth potential.”
Erik Nobel, Managing Director at LLCP, commented, “We are excited to support Creditinfo’s expansion and growth through this investment. LLCP’s significant experience investing in companies around the world will enable Creditinfo to further establish its leadership in the credit risk and fintech industry and support to its international client base.”
David Cowan, Senior Managing Director at LLCP, added, “We are thrilled to partner with the Creditinfo team and look forward to supporting the Company’s strategic growth plans. We believe that Creditinfo holds a unique position within their market and are confident in their continued success.”