ISIS Equity Partners has exited its investment in debt collection agency Credit Solutions in a deal worth £10 million.
ISIS Equity Partners has exited its investment in debt collection agency Credit Solutions in a deal worth £10 million.
UK-based Credit Solutions, which provides debt collection and management services and claims eight of the country’s top financial services firms as clients, was acquired by global business outsourcer arvato, and will be integrated into the company’s existing finance services arm.
A statement says the acquisition is part of a strategy to grow the company across sectors including financial services, telecoms and utilities.
ISIS originally invested £4.0 million in Credit Solutions on behalf of the Baronsmead Venture Capital Trusts in June 2005.
Arvato’s UK outsourcing capabilities cover areas including supply chain management and customer management. The company is one of five divisions of global media group Bertelsmann.
Credit Solutions chief executive Will Pierce comments: ‘Becoming part of a large successful, multi-national and multi-service company like arvato provides significant opportunities for growth.’
