Investment news

Partners Group, the global private markets investment manager, announced today that the firm has exited its investment in Cabot Credit Management to an affiliate of J.C. Flowers & Co. Partners Group, on behalf of its clients, invested into Cabot in April 2011, partnering with AnaCap Financial Partners to facilitate the merger of Cabot Financial with Apex Credit Management. The transaction agreements have been signed, and the transaction is expected to complete imminently.

After successfully integrating both businesses over the past years, Cabot Credit Management today has over GBP 7.7 billion in assets under management and the company services more than 3.5 million customer accounts.

David Layton, Managing Director at Partners Group who served on Cabot’s Board of Directors, comments: “Through the merger of Cabot Financial and Apex Credit Management, we established Cabot as the premiere acquirer and manager of consumer debt in the UK. The company’s operational performance post-merger, with EBITDA having increased by 23% over the past year, reflects the successful integration in combination with stringent cost management. Equally important, we have been particularly pleased with Cabot’s outstanding culture of ethical, fair and responsible collections practices.”