Credit Solutions sold for £10m
Surrey-based Credit Solutions has been sold to Arvato UK & Ireland for £10m. The Birmingham office of Wragge & Co advised on the deal.
Credit Solutions was sold to the business process outsourcing company, headquartered in London, after being supported by ISIS Equity Partners for the past five years.
Wragge & Co advised ISIS on the £10m sale after previously advising ISIS on its initial £4.5m investment in Credit Solutions in 2005.
Wragge & Co’s private equity partner Andy Stylianou led the deal, supported by associate Emmanuelle Strauven.
Stylianou said: "We have worked on a number of transactions for ISIS and its investee companies. As well as our understanding of ISIS' commercial objectives, our extensive mid-market private equity experience meant we could provide the practical advice that ISIS needed."
The Credit Solutions management team was advised by ASB Law LLP. DLA Piper UK LLP acted for Arvato.
