Credit, Collections & Insolvency News
Business advisory firm Quantuma has completed a merger with Scotland’s leading independent insolvency provider WRI Associates. The acquisition will see Quantuma take on WRI’s office in Glasgow, headed by partner, Ian Wright, and its 8 members of staff. The firm will operate under the Quantuma brand. WRI is an insolvency and restructuring practice, providing independent…
Read moreAon has agreed to acquire Willis Towers Watson for almost £22.9 billion in an all-stock deal to create one of the world’s largest insurance brokers – a combined value of around $80bn. The company will be called Aon and will retain its operating headquarters in London. Upon completion, existing Aon shareholders will own approximately 63%…
Read more
Salary Finance has completed the acquisition of od Neyber. The acquisition creates the UK’s largest employee financial wellbeing platform. Salary Finance will now serve 500 client partners and reach 3 million employees. The client combined portfolio includes 15% of the FTSE 100 and many household name employers, such as BT, Dixons Carphone, Virgin Active, Co-op,…
Read more
Professional services group Knights, which has offices across the Midlands, has exchanged contracts to acquire two law firms. The firm has agreed to acquire Leeds-based independent Shulmans for a total consideration of £20.1 million and Crawley and Maidstone-based commercial law firm ASB Law (which also encompasses ASB Aspire) for up to £8.5 million. Knights Group…
Read more
UK law firms Moore Blatch and Barlow Robbins have agreed to merge, creating a new regional powerhouse firm with a significant geographic footprint across the South East. The merger has been approved unanimously by the two firms’ respective partnerships. Set to begin trading as Moore Barlow from 1st May, the new firm will comprise 70…
Read more
Payments company Bottomline’s purchase of Experian Payments Gateway does not raise competition concerns, an in-depth Competition and Markets Authority (CMA) investigation has provisionally found. The Competition and Markets Authority (CMA) has been investigating Bottomline Technology’s completed purchase of the Experian Payments Gateway (EPG) business from Experian. Bottomline and EPG provide payments software used by businesses…
Read more
Enforcement specialist JBW Group has announced it has fully acquired the shares of debt collection agency (DCA) Advantis Credit with funding provided by OUTSOURCING Inc. Advantis will continue to be managed separately to JBW and will retain its brand and management team, led by CEO, Mark Webb. This acquisition brings FCA Regulated Debt and Contingent…
Read more
OVO Energy has completed the acquisition of SSE’s UK household energy business. The merger combines SSE’s scale and OVO’s technology capabilities which will enable millions more customers to decarbonise their homes, while keeping their costs down. With the acquisition completed, the leadership teams from both companies will collaborate on a more detailed plan on how…
Read more
PSA Group and Fiat Chrysler Automobiles have agreed to merge. The merger will mean that the two companies will create the fourth-largest global automotive OEM by volume and the third-largest in revenue. The merger will mean brands including Alfa Romeo, Citroen, Jeep, Opel, Peugeot and Vauxhall will be brought under one umbrella. The combined company will have…
Read more
SmartestEnergy has announced that they have acquired the Sussex-based energy supplier, Dual Energy. The deal enables SmartestEnergy to take their customer service to smaller businesses with Non-Half Hourly meters, laying the foundations for the transition to net-zero. Dual Energy are a small business supplier with a focus on installing smart meters to improve the quality…
Read more
Professional services insolvency consultancy Begbies Traynor has acquired London-based insolvency and business recovery practice Alexander Lawson Jacobs (ALJ) for an initial consideration of £2.35m. Begbies said the acquisition of ALJ, a well-established firm ranked as a top 20 UK insolvency practice, was in line with its strategy to increase the scale and market share of…
Read more
Just Energy Group Inc and Shell Energy Retail have announced that they signed an agreement for Shell Energy Retail to acquire 100% of Hudson Energy Supply. Hudson Energy supplies around 200,000 UK residential customers with gas and 100% renewable electricity through its residential trading arm, Green Star Energy, as well as providing bespoke gas and…
Read more
The merger between Charter Court Financial Services and OneSavings Bank has been completed. The deal unites the specialist mortgage brands of Kent Reliance and Precise Mortgages however both will continue to operate as separate brands. Charter Court, owner of Precise Mortgages, stakeholders will own 45% of the combined group whilst OneSavings Bank, owner of Kent…
Read more