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Seven Mile exits British Credit Trust to Capquest

5 Mar 2014

pound_sterling_170sqMid-market firm Seven Mile Capital Partners has disposed of the remaining debt portfolio and substantially all its remaining assets in British Credit Trust to Capquest Group.

Capquest has also agreed to buy BCT’s brand, key employees, data, systems and licenses to operate.

Seven Mile managing partner Vincent Fandozzi said, “The Senior management team of BCT, including James Irvine and Mark Curtis, have done a fantastic job managing the company and monetizing BCT’s debt portfolio, along with overseeing the sale to Capquest. We wish them, and other members of the BCT team, continued success in their future endeavours.”

In December AltAssets reported that Seven Mile had raised $17.45m from two investors.

Seven Mile, which spun out of Citigroup in 2011, currently manages leveraged buyout investments in mid-market businesses that had been underperforming due to operational or business challenges.

It acquires controlling or substantial minority stakes in companies with an EBITDA of between $5m and $50m, targeting the business services, financial services and industrial sectors.

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