Partner Article

Leeds credit reference agency sold to US firm

Leeds-based Callcredit Information Group has been sold to US private equity firm GTCR, based in Chicago.

KPMG’s Manchester-based Transaction Services team advised on the sale.

Leeds-based Callcredit is one of the UK’s leading credit reference agencies, employing more than 800 staff. The business provides data analytics and marketing-related solutions to a client base which includes insurers, banks and large retailers.

The team, led by partner John Hughes, provided financial, tax and IT due diligence on the deal, which saw the successful exit of the company’s previous private equity backers Vitruvian Partners.

KPMG also provided sales and purchase agreement (SPA) assistance and tax advice to the vendors and management shareholders.

John Hughes, KPMG Transaction Services partner, said: “The experience of Callcredit’s existing management team combined with GTCR’s appetite to invest in technology-related businesses should prove to be a strong catalyst for growth.

“This deal is one of several significant data and technology services transactions that we have completed in recent years, and highlights our capabilities in this particular sector.”

This was posted in Bdaily's Members' News section by Clare Burnett .