Ashcombe Advisers is pleased to announce that it has acted as exclusive financial adviser to Ontario Teachers’ Pension Plan (“OTPP”) on its acquisition of a significant minority stake in Lowell Group from TDR Capital (“TDR”) and management.
Lowell Group is a leading debt purchasing and recovery businesses in the UK, managing £12bn of receivables across 14.4m accounts which are expected to generate £623.1m of estimated remaining cash collections (as at 31st March 2014). The business has demonstrated highly consistent growth and profitability since it was founded in 2004.
Andreas Wesemann of Ashcombe Advisers commented. “We are pleased to have advised OTPP throughout this process. Having also advised TDR on their acquisition of the Lowell Group in 2011 this is a company with which we were already very familiar. Lowell is an outstanding business and will, we believe, benefit from OTPP’s contribution as a minority shareholder.”