I-ADVISE AG advises GFKL Financial Services AG in the aquisition of intratech GmbH

In July 2014 GFKL Financial Services AG acquired software specialist intratech GmbH, Pulheim.

The objective of GFKL‘s strategic investment is to support clients already at an early stage with their administrative processes as well as strengthening GFKL’s position as BPO-specialist in receivables management.

GFKL is a leading provider of receivables management. GFKL’s 1300 employees in Germany and Spain are servicing receivables worth about 20.2 billion Euro. The services are directed at clients from business groups, banks, insurance companies, energy suppliers, telecommunication companies, public institutions as well as SMEs. GFKL is competent in every aspect of receivables management and covers all requirements with high demands on quality. The rating agency Standard & Poor’s awarded GFKL with the best servicer-ranking in Germany.

Kamyar Niroumand, CEO GFKL group: “I am convinced there will be a further differentiation in receivables management through the acquisition. In the last months we successfully strengthened our position in the market by organic growth – the expansion of the range of services offered now also ensures further positive development in new segments.”

The financial and tax due diligence team of I-ADVISE team led by WP/StB Frank Sichau supported GFKL in the due diligence phase.

I-ADVISE AG specializes in transaction advisory and valuation services. I-ADVISE AG is part of an international network of consulting firms, which, if necessary, can complement the project teams in cross border transactions and valuation projects. For further information please visit www.i-advise.de.