Intrum Justitia, the Swedish debt collector, has entered into a joint venture with Crédit Agricole Indosuez for purchasing written-off debt portfolios in Scandinavia, ahead of its initial public offering.

Intrum Justitia, which will price its IPO after bookbuilding on Friday morning, and Crédit Agricole Indosuez will each own 50% of a newly established company in Sweden called Intrum CAI Debt Finance.