Tue, 19 Oct 2010 | BUSINESS SALE
The private equity owners of debt collectors Lowell Group has put the company onto the market.
Exponent Private Equity has called in financial advisers Hawkpoint to sell the Leeds-based group, which buys debt from banks and credit card companies and then recovers money from customers.
Lowell was originally set up in 2004 with financing from UK buyout group Cabot Square Capital, a provider of investment capital for small and medium-sized businesses in the UK and Western Europe.
Exponent originally bought Lowell in April 2008 for £200 million but is reportedly looking to return profits on purchases to investors, so it can raise new money. It is asking £400 million for the company, which has performed relatively well throughout the recession.
However, some industry experts are suggesting that this is an over-inflated figure, given that the company still made a pre-tax loss of £8.5 million for the year to August 2009.
The business employs more than 300 people at its headquarters and call centre in Leeds.
Exponent also counts train ticket website thetrainline.com and the Radley handbag brand amongst the other businesses contained within its portfolio.
Exponent has also put Trainline on the market for between £300m and £400m. The business has benefited from a lift in numbers of people seeking cheaper train tickets online. Tickets sold in 2009 were worth £793m, a 7.5 per cent jump on 2008. The private equity outfit bought the business in 2007 for £160m from Virgin.
The company provides internal fit-out services, including suspended ceilings, partitions, and raised-access floors, serving a wide range of clients with a strong recurring core client base, with a focus on careful risk assessment.
This dentistry is located in an affluent and prime location with a strong level of footfall, this practice currently offers the full range of private treatments including Implants, however has not pushed Invisalign or Hygiene work, leaving ample oppo...
LEASEHOLD
The company is a prominent supplier of high-quality, nutrient-rich feed for cows, calves, and sheep, with full technical support, dairy costings, yield predictions, and silage analysis. To complement its core product, the business also supplies molas...
06
|
Sep
|
Surrey Victorian country manor hotel on the market for £8m | COMMERCIAL PROPERTY
Stanhill Court Hotel, a Victorian Country Manor House hotel ...
06
|
Sep
|
Livingstone-based civil engineering firm falls into administration | ADMINISTRATION
Glenevin Limited, a Livingstone-based civil engineering firm...
06
|
Sep
|
Worcestershire accountancy acquires Cannock-based counterpart | BUSINESS SALE
A full-service accountancy and advisory firm based in Worces...
06
|
Sep
|
Worcestershire accountancy acquires Cannock-based counterpart | BUSINESS SALE
A full-service accountancy and advisory firm based in Worces...
06
|
Sep
|
Livingstone-based civil engineering firm falls into administration | ADMINISTRATION
Glenevin Limited, a Livingstone-based civil engineering firm...
06
|
Sep
|
Surrey Victorian country manor hotel on the market for £8m | COMMERCIAL PROPERTY
Stanhill Court Hotel, a Victorian Country Manor House hotel ...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.