OREANDA-NEWS. June 30, 2015. Julianus Grupp acquired Castovanni – a debt collection company operating in Estonia and Latvia and focusing mainly on handling complicated and long-term debts in the financial sector. Oliver Markvart, manager and previous owner of Castovanni, will continue leading the operations of Julianus Inkasso.

“We observed the growth of Castovanni closely and must say that the company has been a rising star – last year Castovanni made it to the top three companies in the field of debt collection in Estonia,” says ?lar Maapalu, Chairman of the Julianus Grupp management board. Acquisition of Castovanni enables Julianus Grupp to offer an even better service to its clients.

Last year, the turnover of Julianus Grupp totalled EUR 1.525 million in Estonia while that of Castovanni amounted to EUR 818,000 in Estonia and Latvia.

Having recovered approx EUR 8.1 million of debts for creditors, the 59 employees of Julianus and the 32 employees of Castovanni will retain their positions with the firm. Once the transaction is completed, Castovanni will continue operating under an independent trademark. The price of the transaction is confidential by agreement between the parties.