NorthWall Capital acquires £277 million Wolf IV Securitisation from Lowell

London, UK; 26 June 2025: NorthWall Capital (“NorthWall”), a leading European alternative credit specialist delivering private capital solutions to Western European counterparties, today announces the acquisition of 95% Senior and Junior Note holdings in the Wolf IV portfolio from Lowell, one of Europe’s largest credit management companies. The securitisation comprises more than 4 million UK, unsecured, reperforming and non-performing consumer receivables at a gross purchase price of £277 million.

The receivables were acquired through a bespoke private securitisation structure and represent the continuation of NorthWall’s long-standing relationship with Lowell. The transaction builds on NorthWall’s experience in acquiring and structuring investments across granular, cash-generative portfolios, and reflects NorthWall’s ongoing commitment to the fast-growing asset-backed opportunities space. The transaction was funded through the firm’s Asset-Backed Opportunities strategy (ABOF) and NorthWall’s opportunistic credit strategy (NWEOF).

NorthWall and Lowell have now completed a series of transactions across the UK and Europe. Consumer portfolio acquisitions continue to be a core part of NorthWall’s Asset-Backed investment strategy, which targets asset pools with recurring cash flows, structured with strong downside protection and originated via scalable and repeatable origination processes.

NorthWall has extensive investment experience across the asset-backed space, also investing in secured portfolio acquisitions, other securitisation structures, as well as loans secured by hard assets such as real estate, across Europe and the UK.

Thomas Hengstberger, Managing Director at NorthWall and Asset-Backed Opportunities strategy lead, added: “The Wolf IV transaction is the result of collaborative structuring and diligent underwriting. It brings together several distinct receivable types, packaged through a tailored investment structure. Having completed a number of prior transactions with Lowell, we were able to leverage our experience and partnership with Lowell to underwrite and structure a complex, large scale portfolio to address the needs of our counterparty as well as NorthWall funds.”

Commenting on the transaction, Fabian Chrobog, Chief Investment Officer at NorthWall Capital, said:“European credit markets are undergoing a structural shift, as banks retreat from legacy exposures and higher interest rates reshape how financial assets are funded. The Wolf IV transaction reflects the kind of exceptional opportunity this environment is creating – seasoned, cash-generative portfolios requiring specialist underwriting and long-term capital. At NorthWall, we continue to find compelling opportunities to deploy capital through our Asset-Backed strategy at scale, and we expect this trend to continue over the foreseeable future.”

For further information:

Prosek Partners
pro-NorthWallCapital@prosek.com
+44 (0) 7384 787 585

About NorthWall Capital
NorthWall Capital is a London based alternative credit specialist focused on delivering private capital solutions to Western European counterparties. The firm manages circa €3bn of AUM in long dated funds on behalf of global institutional investors, aiming to generate attractive risk-adjusted returns through economic cycles.

About Lowell
Lowell is one of Europe’s largest credit management companies with a mission to make credit work better for all and a commitment to fair and ethical customer practices. It operates in the UK, Germany, Austria, Switzerland, Denmark, Norway, Finland, and Sweden.

Lowell’s unparalleled combination of data analytics, deep consumer insight and robust risk management provides clients with expert solutions in debt purchasing, third party collections and business process outsourcing. With its ethical approach to debt management, Lowell is committed to delivering the most fair and affordable outcome for each customer’s specific circumstances.

Lowell was formed in 2015 following the merger of the UK and German market leaders: the Lowell Group and the GFKL Group. In 2018, Lowell completed the acquisition of the Carve-out Business from Intrum, which has market leading positions in the Nordic region. It is backed by global private equity firm Permira and Ontario Teachers’ Pension Plan.

Disclaimer
This press release is for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any security, investment product, or financial instrument. The information contained herein is not intended as investment advice or a recommendation to enter into any transaction and should not be relied upon as such. Any reference to past performance is not a reliable indicator of future performance.

This press release is directed only at persons who are (i) outside the United Kingdom; or (ii) persons having professional experience in matters relating to investments who fall within the definition of “investment professionals” in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “FPO”); or (iii) high net worth entities and other persons to whom it may otherwise lawfully be communicated under the FPO (all such persons together being referred to as “Relevant Persons”). Any investment activity to which this communication relates will only be engaged in with Relevant Persons. Persons who are not Relevant Persons should not act on or rely on this communication.

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