Mon, 16 Dec 2013 | BUSINESS SALE
MoneyPlus Group, a debt advice firm headquartered in Manchester, has bought Debt Movers in Bromborough.
Backed by Palatine Private Equity, the company has made several acquisitions of late, following a management buyout in 2011.
Chris Davis, chief executive of MoneyPlus commented on the latest purchase: “We have worked with Debt Movers for some years and have always admired the way in which they operate and most importantly how they treat the consumers that they act for.”
He added that the acquisition “underlines how MoneyPlus is able to identify and complete on potential targets which are of interest to us, and which will enable us to further our standing in the sector”.
Ed Fazakerley, partner with Palatine and non-executive director with MoneyPlus, said that the acquisition brings the total number of acquisition deals to eight during the time of Palatine's investment. He added: “The company is experiencing significant growth and continues to strengthen its offering in the financial and legal services market through its buy-and-build strategy.”
Legal advice on the business deal was provided by Frank Shephard and Lucy Shenton from DWF. Meanwhile, due diligence – both financial and commercial – was conducted by Chris Williams from Dow Schofield Watts Transactional Services. The price attached to the business sale has not been revealed.
____________________________________________________________________________
Related information:
View the latest businesses for sale
Exceptionally busy MOT testing station and vehicle repairs/servicing business which has been in the same hands for over 30 years and proved particularly profitable for the vendor.
Long established haulage contractor operating over 25 years is now seeking a well-earned retirement. The business serves a large number of regular clients and enjoys a fantastic reputation within the industry, operating with a modern fleet and tradin...
This is perhaps the best pub in the county that we have offered for sale in many years and produces superb net profits for our clients. This is genuinely a rarity to acquire such a successful pub with extensive freehold property which has had substan...
FREEHOLD
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.