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Investcorp sells debt management company TDX for £200m

16 Jan 2014

pound coin sterling ukGlobal private equity firm Investcorp has agreed to sell UK debt management technology business TDX Group to Equifax in a deal worth £200m.

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

The ten-year-old company provides businesses with technology, data and advisory services to improve debt liquidation and the fair treatment of consumers in financial arrears.

Investcorp principal Gilbert Kamieniecky said, “With our support, TDX has been able to realise its potential and has evolved from being a UK-focused operation to one with a growing international footprint.

“The fact that the company has attracted the interest of a strong trade buyer in Equifax is testament to the quality of solutions and services TDX offers to its clients in recovering delinquent debt.”

Investcorp kicked off 2014 by picking up a “significant” minority stake in Turkish meat producer Namet Gida Sanayi ve Ticareti.

The Kayar family will maintain control of the business they bought in 2005, which supplies products including pastrami, sausages and frozen and ready-to-eat burgers.

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