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Brocc Finance Strategically Expands into European NPLs with Portfolio Acquisitions
Stockholm, Sweden – December 1, 2025 – Brocc Finance AB (“Brocc”), a Swedish credit institution, announced that it has completed an acquisition of unsecured non-performing loan (“NPL”) portfolios of more than SEK430 billion in outstanding balances from affiliates of Cerberus Capital Management, L.P. (“Cerberus”). In addition, Cerberus’ unsecured NPL co-investment arrangement with Intrum AB, a leader in credit management services, has been transferred to Brocc as part of the transaction.
Following this transaction, Brocc is now one of Europe’s largest NPL acquirers, with the aim to satisfy the criteria for becoming a specialised debt restructurer (“SDR”).
Cerberus is an experienced partner to European financial institutions and has been one of the largest acquirers of NPL portfolios in Europe over the last 15 years. Following the completion of this transaction and qualifying as an SDR, Brocc will be positioned at the forefront of solutions for the unsecured NPL market. As a result, Brocc will continue Cerberus’ consistent track record of innovation in the European NPL sector.
Jonathan Klein-Strandberg, CEO of Brocc, said:
“We view Brocc as a permanent, well-capitalized credit institution that contributes to liquidity, resilience, and long-term market stability. We are well positioned to positively impact and strengthen the health of the European credit ecosystem by creating a best-in-class debt finance operation. Through our debt consolidation and restructuring solutions, we aim to empower individuals and support financial institutions by acquiring their distressed assets.”
Jason Davis, who has more than 20 years of experience in unsecured NPLs from Barclays Bank and Cerberus, has joined Brocc as Chief Investment Officer.
Jason Davis, CIO of Brocc, commented:
“Brocc is well positioned to become a leader in European NPL investments as an SDR. Brocc´s technology and data driven asset management platform put us in an immediate position to deliver outstanding customer value powered by a well-funded and regulated foundation. We believe this will be a powerful vehicle for constructively resolving unsecured NPLs across Europe.”
About Brocc
Brocc is a technology-driven credit institution operating in unsecured NPLs across Europe and providing specialized consumer finance solutions in Sweden and Finland. Founded in 2016 as a peer-to-peer lending platform, Brocc has evolved into a licensed credit institution in 2021 and was acquired by affiliates of Cerberus in October 2025. Brocc empowers consumers with greater financial freedom and flexibility by delivering its core loan and deposit offerings through exceptional customer experience, operational efficiency, data-driven insights, and efficient funding. For more information, visit, www.broccfinance.com.
About Cerberus
About Cerberus Founded in 1992, Cerberus is a global alternative investment firm with approximately $70 billion in assets across complementary credit, real estate, and private equity strategies. Cerberus invests across the capital structure where it believes its integrated investment platforms and proprietary operating capabilities can help improve performance and drive long-term value. Cerberus’ tenured teams have experience working collaboratively across asset classes, sectors, and geographies as they seek to achieve strong risk-adjusted returns for investors. For more information, visit www.cerberus.com.
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Brocc is a technology-driven financial services company offering smarter and fairer lending, savings, and debt management solutions. Since 2016, we have grown from a peer-to-peer platform into a pan-European credit institution with operations across 15 markets and local presence in Sweden, Finland, and the United Kingdom. We provide competitive savings accounts backed by the national deposit guarantee scheme, consumer lending, and one of Europe's leading specialized platforms for managing unsecured non-performing loans.
Our mission is to deliver modern, transparent, and fair financial solutions powered by innovation, data-driven insights, and highly engaged employees.
