Summary of transaction:
Wonga Worldwide Limited (WWL) decided to initiate the sale of its Polish subsidiary wonga.pl in May 2018. During the process, WWL went into administration due to increasing clients claims in the UK market. The sale process was continued and in March 2019 WWL signed a letter of intent with Polish debt collection company Kruk SA. The transaction was completed in April 2019.
Saski Partners and Hines Associates jointly advised on the whole transaction.
Value: PLN 97 mn