Credit, collections & insolvency news
Arrow Global has announced that it has acquired a significant minority stake in Maslow Capita, a provider of UK real estate development finance. Arrow says that the acquisition will help the existing Maslow management team, led by Chairman Marc Rose and CEO Ellis Sher, accelerate their ambitions to capitalise on opportunities in real estate development…
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Pollen Street Capital has agreed on a sale of Aryza Holdings. Aryza will be acquired by Atlas Bidco 1, a company owned by Macquarie Capital Principal Finance, Pollen Street, and Aryza senior management. Pollen Street, and Aryza senior management state that all parties are excited by the future growth potential of the high-quality software platform,…
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Debt Purchaser, Lantern has agreed terms to acquire Sonex Financial. Based in Llanelli, West Wales, debt collection agency, Sonex is a longstanding operator with a particular specialism working with vulnerable customers. Its clients include several of the Big Six energy companies in the UK, to which Sonex provides vulnerable customer-focused engagement and management services. Following…
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Banking and specialised financing software specialist company, Sopra Banking Software has announced that it has acquired Dublin-based Luminosity. Sopra Banking Software has acquired 100% of the share capital of Luminosity’s digital inventory auditing and ‘self-audit’ solution SOAR supports a broad range of lender and leasing organisations in the risk management of assets subject to finance. …
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LexisNexis Risk Solutions UK, part of RELX, has announced that it has acquired TruNarrative. Founded in 2016 and headquartered in Leeds, UK, TruNarrative enables organisations to manage the entire financial crime lifecycle within a single, unified platform that allows for simplified and automated onboarding, a dynamic risk score and transaction monitoring. The platform allows for no-code…
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Starling Bank has agreed to a £50 million deal to acquire for buy-to-let mortgage group Fleet Mortgages. The deal is the first acquisition by the Goldman Sachs-backed start-up that is targeting an initial public offering within two years. Fleet Mortgages, based in Hampshire, focuses on providing mortgages to professional and semi-professional buy-to-let landlords, only via…
Read moreInsolvency and debt recovery specialist Moon Beever has announced that the firm has agreed to merge with Wedlake Bell effect from 12th July. Wedlake Bell is a top 100 City law firm with core strengths across Private Client, Real Estate, Business Services and Dispute Resolution. The firm has 60 Partners operating from its central City…
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Aspect Software and Noble Systems have merged to create a new company identity. The merger will create a new company brand, Alvaria, that will aim to deliver optimised customer experience and workforce engagement software and cloud services technology solutions. The newly combined company will be led by Patrick Dennis, Aspect President and CEO. Dennis said…
Read moreSouth West Water owner, Pennon Group has announced that it has acquired Bristol Water for £425 million. The acquisition means that the Pennon Group will add around 1.2 million customers to its portfolio. Commenting on the Acquisition, Susan Davy, Group Chief Executive said ‘The acquisition of Bristol Water brings great people and a great business…
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Virgin Media and O2 have been given the green light for their £31 billion merger to go-ahead by the Competition and Markets Authority (CMA). The deal sees two of the UK’s biggest telecoms giant join forces, affecting around 40 million households. It will also see all 14,000 Virgin Media employees and 6,700 O2 staff in…
Read moreLaw firm Harrison Clark Rickerbys (HCR) is in ‘advanced stages’ of merger talks with Hewitsons. The merger is expected to complete by the end of May, resulting in a firm of approximately 780 people and £65m turnover. The combined Cambridge teams will move into new premises while the Hewitsons London team will move into HCR’s…
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Paylink Solutions has announced it is one of four companies, alongside PayPlan, OpenWrks and Tully, that intend to merge the debt advice and finTech sector specialists. The company says that the merger will deliver tech-enabled debt advice, financial wellbeing and credit solutions group that can deliver transformative support to customers and clients across the UK.…
Read moreLegal and professional services business, Knights has announced that it has agreed to acquire independent commercial law firm Keebles. Established in Sheffield over a century ago, Keebles is a full-service independent law firm with a strong corporate and real estate offering. The acquisition sees 138 fee earners joining Knights, providing entry into Sheffield and complementing…
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