Ashcombe Advisers is pleased to announce that it has acted as co-adviser, alongside William Blair, to Towerbrook Capital Partners L.P. (“Towerbrook”) on its disposal of Capquest to Arrow Global Group PLC (“Arrow Global”) for £158m.
Capquest is a UK debt purchaser and outsourced collections provider with more than 25 years’ experience. Capquest owns and services portfolios in the financial services, retail, telecommunications and motor finance sectors.
Andreas Wesemann of Ashcombe Advisers commented. “We are pleased to have acted as joint advisers to Towerbrook on this transaction. Having advised Towerbrook on its investment in Capquest in 2011 this is a company with which we were already very familiar. Capquest will contribute significant scale and operational capabilities to Arrow Global, thereby strengthening its market-leading position.”