News

Cabot Credit Management Acquires Hillesden Securities

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

Ben Regnard-Weinrabe

 and

Ashley Winton

.  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.