left-caret
News

News

Cabot Credit Management Acquires Hillesden Securities

June 08, 2015

London – Paul Hastings LLP announced that it has represented Cabot Credit Management (Cabot), a leading acquirer and manager of consumer debt, on its acquisition of debt purchaser Hillesden Securities Ltd – trading as dlc – from Faccenda Investments. The deal has seen Cabot pick up £3.3 billion face value of debt across 188 portfolios and 1 million customer accounts. The acquisition will be financed largely though existing cash facilities plus a senior secured bridge.

Paul Hastings team was led by London corporate partner

, with FinTech partners  and .  Ashley Winton said “We were delighted to bring our combined expertise of Consumer Credit, privacy law and M&A to Cabot, a new client, and to allow us to demonstrate our ability to execute complex transactions in a very short time period.”

Paul Hastings is a leading global law firm with a strong presence throughout Asia, Europe, Latin America, and the United States. Through a collaborative approach, entrepreneurial spirit, and commitment to client service, the professionals of Paul Hastings deliver innovative solutions to many of the world’s top financial institutions and Fortune 500 companies.

Practice Areas


SIGN UP FOR NEWS INSIGHTS

MEDIA CONTACTS

Firmwide Inquiries
Arielle Lapiano
Submission Requests
Alan Wright
Corporate, Litigation, Real Estate, and Tax
Scott Wasserman
Intellectual Property, Life Sciences, and Employment
Becca Hatton
Europe
Rostrum