Mazars Deal Advisory was instrumental in delivering a successful outcome for us, including a focus on the detail and key terms at the outset. They were highly responsive throughout and managed us through a complicated process with a commercial approach to advice to ensure the deal completed. Our business is now part of a growing credit management group which we are excited to see develop even further in the coming years.
Richard Martin Founding & MD, Credit Style Limited
Advising on the acquisition of Credit Style Limited
Our Deal Advisory has advised the vendors on the sale of Credit Style Limited, providers of credit management services, to Bristow & Sutor Limited (backed by Sovereign Capital Partners).
Credit Style, based in Sheffield, South Yorkshire, provides debt collection, litigation and counselling services to a portfolio of household name brands and blue chip clients across a range of sectors. The acquirer, Bristow & Sutor (“B&S”), is a Redditch-based debt collection business focussed primarily on commercial and local authority debts.
The acquisition of Credit Style broadens B&S’s services into wider debt recovery including in-house legal services and pre-legal collection services, enabling the new group to provide more customers with an end-to-end service.
The enlarged group will manage c.1.9 million cases per annum and sees the exiting shareholders of Credit Style remain with the business in executive management positions.
This has been an excellent deal to be involved in and we are pleased to have achieved a successful outcome for the shareholders of Credit Style, a longstanding client of the firm. We wish the management team well in achieving their vision
Oliver Hoffman Partner - Head of Mergers & Acquisitions
for the combined group.
Want to know more?
Chris Dale Director - Mergers and Acquisitions - Leeds
Oliver Hoffman Partner - Head of Mergers & Acquisitions - Leeds
Deals
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