Company overview

The ULTIMO Group was set up in September 2002 by two people who made the most important contribution to the establishment of Lukas and Lukas Bank S.A. - one of the most spectacular successes on the Polish retail financial services market.

During the first stage, company operations were financed from initial capital. On 30 July 2003 an investment agreement was signed with AIG-CET Capital Management (Poland) sp. z o.o.

  • the main shareholder is Advent International holding 89.6% of the ULTIMO Group shares.
  • the second shareholder is JTV with 10.4% of the ULTIMO Group shares.


Founded in 1984, Advent International is one of the world’s leading global buyout firms, with offices in 17 countries on four continents. A driving force in international private equity for 25 years, Advent has built an unparalleled global platform of over 150 investment professionals across Western and Central Europe, North America, Latin America and Asia. The firm focuses on international buyouts, strategic repositioning opportunities and growth buyouts in five core sectors, working actively with management teams to drive revenue growth and earnings improvements in portfolio companies. Since inception, Advent has raised €19.4 billion in private equity capital and, through its buyout programmes, has completed over 250 transactions in 35 countries.

Two main areas of ULTIMO business include debt collection on behalf of clients and debt portfolio purchasing.

The majority of the accounts managed by us come from the banking and telecommunications sectors but ULTIMO is also a proven business partner for financial intermediaries and utility companies.

In order to meet the expectations of its Clients, ULTIMO has established a securitization fund whose main purpose is to gather funds for new purchases of large debt portfolios.

In order to improve its operating standards, ULTIMO became a member of the Conference of Financial Companies and in 2005 received a certificate confirming compliance with Good Debt Collection Practices applied by members of the Conference of Financial Companies in Poland and has been recognised as a public trust institution.

ULTIMO’s priority is to act in an effective but first of all ethical manner while performing its debt recovery activities. The most important thing at all times is our care for the reputation of each customer. Positive results of numerous audits conducted at ULTIMO by representatives of banks and telecommunication companies prove that our company is able to meet the requirements of its Clients.