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Cabot Financial

Cabot was established in 1998 and was a pioneer in the UK market for buying charged off debts from banks and other major lending companies.

Cabot has a 15% share of the UK debt purchase market and has grown from 800,000 customer accounts to 1.3 million.

THE EXIT

Equistone realised its Fund I investment in Cabot Financial selling the company to Nikko Principal Investments Limited (NPIL) at a value of £275m, generating a 3x return on investment. Equistone reinvested £25m of value in return for a 10% stake alongside the buyer through its Fund II. In April 2011, Equistone sold its minority stake to Anacap.

HOLDING PERIOD

Jan 2004 - Apr 2011

Country

UK

Business Description

Financial Services

Revenue Progression

£44m / £88m

Employees at ACQ.

260

Investment Type

Secondary MBO

ADD-ON ACQUISITIONS

Kelly Systems
Jan 2007