Credit, Collections & Insolvency News
Business advisory group Azets has announced that it has acquired Moore South’s Restructuring and Insolvency practice Moore South’s R&I team, headed up by Duncan Swift and Chris Tate, consists of licenced insolvency practitioners and restructuring specialists covering Southern England from Azets’ Southampton office as well as its offices in Bournemouth, Fareham, Havant, Portsmouth, Romsey and…
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Secured finance technology specialists IDS, has announced that it will acquire automotive and equipment finance specialist White Clarke Group. The merger of the two companies will combine to create a multi-asset class secured finance technology powerhouse supporting banks, independents, OEM captives and specialty finance firms globally. Together, the combined company will serve more than 300…
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PCB Litigation and Byrne and Partners have announced that both companies will merge on 1st April. The deal will bring together two dispute resolution specialist firms to create PCB Byrne. In a statement, the companies said that the merger will bring together two companies with many years of experience in dealing with complex UK and…
Read moreBegbies Traynor has agreed to buy insolvency practice David Rubin & Partners, in a deal worth up to £25 million. The company has announced that it has raised £22 million through equity fundraising to help pay for its acquisition of London and Guernsey-based David Rubin & Partners. David Rubin & Partners has a team of…
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Professional services firm, KPMG has reached an agreement to sell its Restructuring practice to Interpath Advisory, a newly-formed company, which is backed by alternative investment firm H.I.G. Europe. KPMG says that the decision to sell the business was driven by the significant changes in the Insolvency and Restructuring market in the UK over recent years. …
Read moreRestructuring and insolvency specialists Greenfield Recovery has announced that it finalised the acquisition insolvency practice Cirrus Professional Services. Cirrus Professional Services was established by ICAEW-licensed insolvency practitioner Simon Gwinnutt. Gwinnutt has over 30 years of restructuring and insolvency experience, both corporate and personal. Cirrus Professional Services has historically undertaken client assignments from professional referrers, such…
Read moreA subsidiary of Equifax has acquired transaction data analytics company AccountScore to bolster its Open Banking and insights capabilities. The acquisition will see Equifax enhance its consumer and commercial product offerings, combining traditional credit bureau information held by Equifax with bank transaction data, facilitated by AccountScore. Integration of these new data assets will enable Equifax…
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Business advisory firm Quantuma has completed a merger with Essex-based business management consultancy Aspect Plus, to further strengthen its South East presence. This will be the firm’s first move into Essex and takes its number of UK offices to 18 and 22 globally, which include its overseas offices in Cyprus (Nicosia and Paphos), Mauritius and…
Read moreAryza has announced a new strategic investment in Birmingham based Back2Credit, an authorised debt solution provider with over ten years of trading experience. Dedicated to helping consumers better manage their repayment options, Back2Credit offers flexible debt management plans, all tailored to meet the individual needs of the customer. Every Back to Credit customer has their…
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Shawbrook Bank has announced the acquisition of residential and buy-to-let markets specialist intermediary mortgage business, The Mortgage Lender (TML). Shawbrook, itself a specialist lender to UK SMEs, has agreed to acquire TML for an undisclosed fee in a strategic purchase that provides the Bank with substantial growth opportunities. TML will retain the brand that has…
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The Aryza Group has announced the acquisition of HubSolv. The companies says that the acquisition will significantly strengthen Aryza’s already dominant position within the financial services and insolvency market. Aryza incorporates technology such as Open Banking and AI-informed decision making to seamlessly automate the financial restructuring and recovery journey. HubSolv has developed a suite of…
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Insolvency specialist, Begbies Traynor Group has announced that it has completed the acquisition of CVR Global in a deal worth a potential £20.8 million. The deal represents the largest insolvency acquisition that the Begbies Traynor Group has undertaken to date delivering a significant expansion of the group’s scale in London and the South of England…
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The Aryza Group has announced the acquisition of Anchor Computer Systems in a move that the company says will strengthen Aryza’s position within the financial services and insolvency market. Software solutions specialist, Aryza incorporates technology such as Open Banking and AI-informed decision making automate the financial restructuring and recovery journey. Aryza says that through its…
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