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Created: 2025-07-18 12:01:08 UTC
Firstsource Solutions Ltd. is acquiring Pastdue Credit Solutions (PDC), a UK-based debt collection agency, for GBP XX million. The acquisition, through its UK subsidiary, aims to expand Firstsource's presence in the UK debt collection market. 💰
𝗔𝗰𝗾𝘂𝗶𝘀𝗶𝘁𝗶𝗼𝗻 𝗗𝗲𝘁𝗮𝗶𝗹𝘀: ▪ Firstsource Solutions UK Limited (a wholly-owned subsidiary of Firstsource Solutions Limited) will acquire XXX% ownership of Pastdue Credit Solutions Limited (PDC). ▪ Purchase consideration: GBP XX million (including upfront payment and earnouts). ▪ PDC is a UK-based collections agency.
𝗥𝗲𝗴𝘂𝗹𝗮𝘁𝗼𝗿𝘆 𝗔𝗽𝗽𝗿𝗼𝘃𝗮𝗹𝘀: ▪ The transaction is subject to approval under the National Security and Investment Act 2021 and from the Financial Conduct Authority (FCA).
𝗣𝗗𝗖 𝗢𝘃𝗲𝗿𝘃𝗶𝗲𝘄: ▪ Provides white-label, early arrears, and debt collections & recovery services. ▪ Founded in 2005. ▪ Presence: UK.
𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹𝘀 (𝗚𝗕𝗣 𝗠𝗶𝗹𝗹𝗶𝗼𝗻): ▪ Nov 2023 – Oct 2024: Turnover: 16.9, Operating Profit: XXX ▪ Nov 2022 – Oct 2023: Turnover: 12.0, Operating Profit: XXX ▪ Nov 2021 – Oct 2022: Turnover: 12.4, Operating Profit: XXX
𝗧𝗿𝗮𝗻𝘀𝗮𝗰𝘁𝗶𝗼𝗻 𝗜𝗺𝗽𝗮𝗰𝘁: ▪ PDC will become a subsidiary of FSL UK and a step-down subsidiary of Firstsource Solutions Limited. 📈
📊 FIRSTSOURCE SOLUTIONS LTD | 🏷️ Acquisition
🌐 Details:
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XXX engagements
Related Topics acquisition british pound sterling debt