Investcorp sees debt collection group as safe counter-cyclical bet
Sunday December 7 2008 11:35 PM
The Financial Times, Published: December 7 2008 23:35
By Martin Arnold, Private Equity Correspondent
Investcorp, the Bahrain-based investment group, will on Monday unveil a new investment in a debt-collection services company, highlighting how private equity groups are hunting for counter-cyclical companies that can survive the economic downturn.
The £28m deal would make Investcorp the biggest shareholder in TDX Group, a Nottingham-based company that sells more than two-fifths of all defaulted unsecured consumer debt for banks, utilities and others in the UK.