Global investment adviser and private fund manager J.C. Flowers & Co turned to Macfarlanes to advise on its acquisition of Cabot Credit Management Limited (CCM) from funds advised by AnaCap Financial Partners LLP and its co-investors Morgan Stanley Alternative Partners and Partners Group.

CCM is a market leading acquirer and manager of consumer debt in the UK and Ireland.  It has over £7.6bn of assets under management, covering more than 3.5 million customer accounts and EBITDA for the year to 31 December 2012 of £111m.  CCM was formed by the merger of Apex Credit Management and Cabot Financial in 2011.

Corporate partner Luke Powell led the Macfarlanes team and comments "We combined our financial services sector and buy-out expertise in what was an important acquisition for JC Flowers & Co.  It was good to work with them again."

Partner Ian Martin also advised on this transaction.

http://www.macfarlanes.com/news--insights/press-releases/2013/macfarlan…