Advent sells Ultimo

Private equity firm Advent International has sold debt collection company Ultimo to Norwegian financial investor B2Holding, ISBnews reports. The deal now awaits anti-monopoly approval. “Advent and the company’s founder Janusz Tchórzewski signed an agreement to sell Ultimo to Norway’s B2Holding,” Monika Morali-Efinowicz, the fund’s managing director in Poland, was quoted as saying at a press conference. Advent International bought a stake in Ultimo in 2006. Since then, the value of liabilities managed by the company grew 5.5 times, Morali-Efinowicz said.