Ashcombe Advisers is pleased to announce that it has acted as exclusive financial adviser to Ontario Teachers’ Pension Plan (“OTPP”) on its acquisition of a significant minority stake in Lowell Group from TDR Capital (“TDR”) and management.
Lowell Group is a leading debt purchasing and recovery businesses in the UK, managing £12bn of receivables across 14.4m accounts which are expected to generate £623.1m of estimated remaining cash collections (as at 31st March 2014). The business has demonstrated highly consistent growth and profitability since it was founded in 2004.
Andreas Wesemann of Ashcombe Advisers commented:
“We are pleased to have advised OTPP throughout this process. Having also advised TDR on their acquisition of the Lowell Group in 2011 this is a company with which we were already very familiar. Lowell is an outstanding business and will, we believe, benefit from OTPP’s contribution as a minority shareholder.”