EOS Group enters into joint venture with subsidiary of the Chinese Ministry of Commerce, CreditCN

China │ Germany

The international EOS Group, an Otto Group company, has entered into a joint venture with CreditCN Business Consulting Ltd to form EOS CreditCN Credit Management (Beijing) Ltd., in which EOS holds a 51% stake while CreditCN has the remaining 49%. EOS CreditCN will offer account receivables management and consulting services for companies with business interests or private customers in China.

Established in 1987 by the Chinese Academy of International Trade and Economic Cooperation/Credit Management Department of the Ministry of Commerce (MOFCOM), CreditCN was one of the first companies to offer credit management and market research services in China.

The EOS Group is a leading international provider of tailor-made services covering the entire customer relationship life cycle from customer acquisition to electronic payment processing, debt collection and the purchasing of receivables portfolios.

M&A International Inc.’s members in Germany (Angermann M&A International GmbH) and China (Strategic European Investment Management Ltd.) advised EOS Group throughout the process, from coordination of the due diligence process and negotiations through to the successful closing of the transaction.