DAS

Sole Financial Adviser

Kempen & Co acted as exclusive financial adviser to DAS Holding N.V. (“DAS”), a leading Dutch insurance company, on its sale of Cannock-EDR Holding B.V. (“Cannock-EDR”)

Transaction highlights

Cannock-EDR, a prominent Dutch credit management and intelligence company that enables blue-chip companies, SMEs, semi-governmental and governmental organisations to optimise their credit processes, was acquired by Axiom Partners, a private equity company headquartered in Switzerland
After a history of 13 years in credit management and credit intelligence, DAS has decided to solely focus on insurance services going forward as the company enters into a new strategic phase with a focus on core business activities
Together with the expertise of Axiom Partners, Cannock-EDR wants to expand both internationally as well as by offering additional financing products for small and medium-sized enterprises (SMEs) as traditional banks serve this segment less and less. Axiom Partners, therefore, aims to combine credit management and financing companies by means of factoring and other financing products
Kempen & Co’s Tech & FinTech team acted as exclusive financial adviser to DAS on its sale of Cannock-EDR
The transaction is further testament to Kempen & Co’s FinTech expertise. Furthermore it underpins Kempen & Co’s strong position as sell side M&A adviser. Since 2020 to date, Kempen & Co advised on more than 80 transactions across different countries, representing a total deal value of c. €28bn in a challenging and unprecedented pandemic environment

About DAS

DAS, headquartered in Amsterdam, the Netherlands, makes legal aid accessible to everyone. Whether it concerns legal assistance in the event of dismissal, a business conflict, disagreement with a landlord or a dispute with a contractor. DAS helps its customers, both insured and uninsured, to prevent or solve legal problems
DAS employs over 800 legal specialists and over 50 lawyers, active in over 40 areas of law. DAS handles c. 125k legal cases annually and collected c. €220m in premiums in 2020

About Cannock-EDR

Cannock-EDR is a Netherlands-based credit management and intelligence company which covers the entire credit management value chain by offering, among others, debt collection, credit scoring, white-labelled acceptation services, secondment of credit management professionals, factoring, business process outsourcing and written-off debt collection services