M&A Deal Summary

CapQuest Group Acquires British Credit Trust

On February 25, 2014, CapQuest Group acquired financial services company British Credit Trust from Seven Mile Capital Partners

Acquisition Highlights
  • This is CapQuest Group’s 1st transaction in the Financial Services sector.
  • This is CapQuest Group’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2014-02-25
Target British Credit Trust
Sector Financial Services
Buyer(s) CapQuest Group
Sellers(s) Seven Mile Capital Partners
Deal Type Add-on Acquisition

Target

British Credit Trust

Newport, United Kingdom
British Credit Trust is one of the oldest car finance companies in the UK.

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Buyer(S) 1

Buyer

CapQuest Group

Hampshire, United Kingdom

Category Company
Founded 1985
Sector Financial Services
Employees400
DESCRIPTION

CapQuest is a consumer debt purchase and debt recovery company with approximately 330 employees. The Company’s core focus is the purchase of non-performing and semi-performing unsecured consumer loans, mainly comprising credit card and bank debt. In addition, the Company traces debtors and collects and services debts on behalf of third party customers.


DEAL STATS #
Overall 1 of 1
Sector: Financial Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2014 M&A 1 of 1

Seller(S) 1

SELLER

Seven Mile Capital Partners

New York, New York, United States

Investor


Category Private Equity Firm
Founded 2011
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Seven Mile Capital Partners is a private equity firm focused on acquiring middle-market profitable companies with $5 - $50 million of EBITDA. The Firm will consider a variety of transaction situations including companies undergoing transition, carve-outs, or in need of restructuring. Industries of interest include aerospace/defense, diversified manufacturing, building products, automotive, specialty material manufacturing, value-added distribution, and logistics. Seven Mile Partners was formed in 2011 with the purchase of a legacy portfolio of private equity investments from Citigroup. The Firm is based in New York City.


DEAL STATS #
Overall 3 of 6
Sector: Financial Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 2
Country: United Kingdom M&A 1 of 3
Year: 2014 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-19 Microporous

Piney Flats, Tennessee, United States

Microporous is a developer, manufacturer, and marketer of high-performance rubber, polyethylene (PE), and hybrid battery separators for flooded lead-acid batteries. Separators are a highly-engineered, mission-critical component of lead-acid batteries. Microporous was founded in 1934 and is based in Piney Flats, Tennessee.

Buy $120M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-11 Lontra

Warwickshire, United Kingdom

Lontra is a developer of energy-saving compressors and engines. Technologies include the Blade Compressor, Blade Supercharger, Blade Expander, and the novel Lindsey Engine. Lontra was established in 2004 and is based in Warwickshire, United Kingdom.

Buy -