HIG Europe Scoops Up Nordic Consumer Loan Business

Law360, New York (May 15, 2013, 3:10 PM EDT) -- The European offshoot of Miami-based private equity outfit H.I.G. Capital LLC will scoop up Web-based consumer loan provider Freedom Finance Nordic, its first major play in Scandinavia as it looks to beef up holdings in the region, the firm said Wednesday.

H.I.G. did not disclose the financial terms of the transaction, or give a timetable for its closure. Freedom Finance, the largest consumer loan broker with operations in Sweden, Norway and Finland, has more than $11 billion in assets under management.

The firm covered its purchase...
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