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
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