Clearwater advises DAS on the sale of its bailiffs and debt collection activities to its management
Clearwater has advised DAS, the legal assistance insurance provider, on the sale of its interest in bailiff companies Landelijke Associatie van Gerechtsdeurwaarders (LAVG) and Van Arkel Gerechtsdeurwaarders (VAG), and debt collection agency Bos Incasso, to the co-shareholder Mr Bos.
DAS is a Dutch insurance company for private individuals and companies, with revenues of €290m and an EBITDA of €19.5m in 2017. With 1890 employees, DAS operates various brands including Flexx, B&D Juristen, EDR Credit Services, and Cannock Chase.
LAVG and VAG are both bailiff companies. LAVG operates in the northern part of the Netherlands with 220 employees. VAG operates six offices spread across the Netherlands and has 180 employees. Bos Incasso provides debt collection services and operates from four offices in the Netherlands with 80 employees.
