Gernandt & Danielsson advises affiliates of Cerberus Capital Management, L.P. in connection with the acquisition of Brocc Finance AB from Brocc Holding AB. The acquisition was consummated on 29 October 2025 following customary regulatory approvals from the Swedish Financial Supervisory Authority.
Cerberus Capital Management is a global alternative investment firm with approximately USD 70 billion in assets across complementary credit, real estate, and private equity strategies. Cerberus has been one of the largest acquirers of non-performing loans (so-called NPLs) in Europe over the last 15 years.
Brocc Finance AB is a Swedish credit market company (Sw. kreditmarknadsbolag), with a strong presence in consumer finance across the Nordics, operating a tech-enabled platform that streamlines operations across lending, risk management, and product offerings to enable faster decisions, lower costs, and integrated customer experiences. The purpose of the acquisition is to enable Brocc Finance AB to specialise in the acquisition of non-performing loans to obtain the status of a specialised debt restructurer (Sw. specialiserad skuldomstrukturerare; a so-called SDR) under the Capital Requirements Regulation (EU) No 575/2013 (the CRR). Following the consummation of the acquisition, Brocc Finance AB has acquired portfolios of non-performing loans of more than SEK 430 billion in outstanding balances, establishing Brocc Finance AB as one of Europe’s largest acquirers of non-performing loans.
Gernandt & Danielsson has advised with a team led by Partners Niclas Rockborn (Regulatory) and Pär Johansson (Corporate), mainly assisted by Partner Gabriel Zsiga (Corporate), Senior Associates Alexander Thörnberg (Corporate), Astrid Svensson (Data privacy) and Gustav Lindgren (Employment) as well as Associates Philip Börnå (Corporate), Sebastian Kjellkvist (Regulatory), Elias Vahman (Corporate), Edvin Andersson (Employment), Marija Gorlova (Corporate), Amanda Kull (Corporate) and Ivan Sivik (Regulatory).