Harrington Brooks, the UK provider of debt management and consolidation services owned by mid-market investor Inflexion Private Equity, has acquired the debt management and IVA customer back books from Bolton-based DebtMatters for an undisclosed sum.
The deal was financed by Harrington Brooks’ existing senior lender, The Royal Bank of Scotland as well as cash resources within the business.
Partner at Inflexion, Tim Smallbone said: “Harrington Brooks has established foundations for future acquisition growth and the ability to exploit its infrastructure. We look forward to working with the newly expanded company as it continues to grow.”
Established in 1998, Harrington Brooks has over 40,000 clients and provides them with debt solutions.