Credit Solutions and power2contact
Sector |
Financial Services |
|---|---|
Status |
In Portfolio |
Deal Type |
Management Buy-out (MBO) |
Credit Solutions is a debt collection business for financial services customers. Sister company power2contact offers field-based trace and collection services to utilities.
ISIS invested £4.5 million as part of an £11m MBO in 2005. Credit Solutions plans to grow organically and by combining with power2contact to offer improved services. It also plans to develop in the debt purchase market.
"We are delighted to be working with ISIS. They demonstrated knowledge of our sector and offered a funding solution that met our objectives."
Will Pierce, Managing Director
Timeline:
2005 ISIS invest £4.5m as part of £11m transaction