Historical Timeline

2016
  • Garfunkelux Holdco 3 S.A. issued €230m FRN EURIBOR + 5.5% bond
  • GFKL Lowell Group acquires Tesch Inkasso Group
  • GFKL Lowell Group acquires IS Inkasso Group
  • Launch of new investor website for the combined Group – Garfunkelux HoldCo. 2
  • Lowell Financial awarded an ‘Exceptional; three star rating for customer service from Investors in Customers.
  • Lowell Financial retains Gold status in Investors in People 2016
  • GFKL receive renewed confirmation of the best possible Standard&Poor's rating as servicer in Germany
  • GFKL awarded as “TOP Employer in Germany” for the eleventh year in a row by the Top Employers Institute
2015
  • Lowell Group increases revolving credit facility to £215m
  • Lowell Group receives approved application from Solicitors Regulation Authority for an Alternative Business Structure
  • Permira Funds acquires Lowell Group from TDR and merges with GFKL
  • Lowell Group launches Lowell Solicitors
  • Lowell Group retains Investors in People Gold status
  • Lowell Group awarded OC&C number one
  • GFKL report receivables volumes of approximately EUR 16.4bn
  • Lowell Financial ranked number one credit management and debt collection company in Europe by OC&C
  • Garfunkelux Holdco 3 S.A. issued €365m 7.5% Senior Secured Notes due 2022
  • Garfunkelux Holdco 3 S.A. issued £565m 8.5% Senior Secured Notes due 2022
  • Garfunkelux Holdco 2 S.A. issued £230m 11% Senior Unsecured Notes due 2023
2014
  • Lowell Group granted interim permissions by FCA
  • Lowell Group issued £115m 5.875% bond
  • Lowell Group unveils new Headquarters in Leeds Valley Park, Leeds
  • Lowell Group launches ACCUMULUS
  • AAA rated Ontario Teachers’ Pension Plan acquires significant holding in Lowell Group
  • Lowell Group achieves exceptional rating from Investor In Customers with + 38 net promoter score
  • GFKL receive renewed confirmation of the highest possible Standard&Poor's rating as servicer: “Strong, Outlook Stable”
  • GFKL Service Center GmbH founded – a subsidiary of the GFKL Group
  • Intratech GmbH and Deutsche Multiauskunftei GmbH form part of the GFKL Group
  • GFKL Group Holding moves into its new office in Essen
2013
  • Lowell Group acquires Interlaken Group
  • Lowell group ranked in top 3 leading credit management businesses – 6th year running
  • GFKL receive renewed confirmation of the best possible Standard&Poor's rating as servicer in Germany
  • Brand relaunch of GFKL’s e-commerce solution PayProtect
  • GFKL’s subsidiary GFKL SNT Inkasso und Forderungsmanagement GmbH  was renamed and now operates under the name of GFKL Collections GmbH
  • GFKL acquires additional servicing mandates of NPL portfolios
2012
  • Lowell Group breaks new industry ground by placing a £200m high yield bond
  • Lowell Group achieves Gold Investors in People in recognition of world class standards
  • Lowell Group awarded IIP Champion status – one of only 200 in the UK
  • GFKL receive renewed confirmation of the best possible Standard&Poor's rating as servicer in Germany
  • GFKL acquire SNT Inkasso & Forderungsmanagement GmbH (now GFKL Collections GmbH)
  • GFKL focus on core business segment Receivables Management: Sale of the company GENEVA-ID GmbH to SUBITO AG
2011
  • TDR Capital acquires Lowell Group
  • GFKLrelaunch brand
  • GFKL purchase of portfolio of unsecured receivables in Spain
2010
  • Lowell Group secures £120m senior debt facility
  • GFKl receive renewed confirmation of the highest possible Standard&Poor's rating as servicer
  • GFKL successfully complete capital increase: total inflow of 52m Euro
  • GFKL complete purchase of one of the largest unsecured bank portfolios ever sold in Germany
  • GFKL purchase of portfolio of non-performing loans (in the hundreds of millions)
2009
  • Lowell Group acquires J2 Solutions to launch ‘outsource to sell’
  • Lowell Group achieves Investors in People standard status
  • GFKL awarded as “TOP Employer in Germany” for the fourth year in a row by the Top Employers Institute
  • GFKL acquires major contract by Receivables Management unit; 640,000 enforceable mail-order receivables
  • Advent International is new main shareholder of GFKL Financial Services AG
2008
  • Exponent Private Equity acquires Lowell Group
  • GFKL has been awarded the highest possible servicer rating by Standard & Poor's. This rating makes GFKL one of the three best-rated companies in Europe
2006
  • Standard & Poor´s raises GFKL Financial Services AG´s servicer rating to the second-highest rating on its 18-level evaluation scale
  • GFKL acquires Zyklop Inkasso Deutschland GmbH, Krefeld
  • GFKL complete the merger of ABIT AG with GFKL Financial Services AG
  • GFKL acquires INKASSO BECKER WUPPERTAL DIETER BECKER GmbH & Co. KG
  • GFKL enter into global receivables management business with the takeover of Wolter Inkasso OHG from Essen
  • GFKL acquires the companies Multigestión Iberia S.A. and Corfisa Financial Services S.A.
2005
  • Merger of ABIT AG to GFKL Financial Services AG initiated
2004
  • Lowell Group created with £20m fund investment from Cabot Square Capital
  • GFKL: Fusion of the phinware AG on the quoted ABIT AG
2003
  • GFKL acquires phinware AG, Düsseldorf
  • Voluntary public tender offer of the GFKL Financial services AG to the shareholders of the ABIT AG
  • Sirius Inkasso GmbH founded as part of the GFKL Group – arose from an outsourcing project in cooperation with Victoria Versicherung AG
1998
  • Proceed Portfolio Services GmbH founded as part of the GFKL Group
  • GFKL enter into receivables management business
  • Renaming of GFKL Portfolio Services GmbH and GFKL Securitization Services GmbH to Proceed Portfolio Services GmbH and Proceed Securitization Services GmbH
1997
  • Proceed Collection Services GmbH founded as part of the GFKL Group with two sites - Essen and Munich
1995
  • GFKL transform into a stock corporation
1992
  • GFKL Group founded