US outfit’s £200m deal for TDX Group

TDX Group, a debt management business with an office in Leeds, has been bought by US-headquartered information services provider Equifax for £200m.
By The Newsroom
Published 18th Jan 2014, 00:01 BST

The seller is Investcorp, a global provider and manager of alternative investment products.

The firm said that, together with the founders of the TDX Group, it has agreed the sale to Equifax, a global information solutions provider.

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TDX is the UK’s largest debt placement services and debt management platform company.

Investcorp acquired a substantial minority stake in TDX in 2008, becoming the largest and only institutional shareholder alongside TDX’s three founders.

Founded in 2004 and headquartered in Nottingham, TDX employs 345 people globally.

It provides businesses with technology, data and advisory solutions to improve debt liquidation and the fair treatment of consumers in financial arrears.

The transaction is Investcorp’s third exit of its technology portfolio in 12 months following its agreement to sell the Skrill Group.

Related topics:LeedsNottingham