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Cabot Credit Management Acquired by J.C. Flowers & Co.

Wednesday, May 15, 2013

Cabot Credit Management Ltd., a portfolio company of AnaCap Financial Partners LLP, closed on its sale to J.C. Flowers & Co. LLC for an undisclosed amount. William Blair acted as financial advisor to Cabot.

The Cabot transaction comes on the heels of William Blair’s recently announced sale of Asset Acceptance to Encore Capital Group in April 2013.

The cross-border Cabot transaction marks William Blair’s 19th completed transaction in the accounts receivable management (ARM) industry since 2002. This track record consists of public equity raises, debt raises, strategic sales, and private equity led re-capitalizations.

Formed through the merger of two industry leaders in April 2011, Cabot has become a market-leading acquirer and manager of consumer debt in the United Kingdom. Cabot successfully combines a superior technology-led operating platform with a rich vein of collections data to create the industry’s strongest and best regarded integrated purchasing and collections platform.

About Cabot:

  • 14 years of collections history and an unbroken track record of profitable growth
  • £7.6+ billion of assets under management
  • 3.5+ million customer accounts

Over the past year, Cabot grew revenue by 13% and achieved adjusted EBITDA of £111 million, a year-over-year increase of 23%. 

Cabot had been a portfolio company of London-based AnaCap since 2011. J.C. Flowers is a private equity investment firm, focused on investments in the financial services sector.