TDR Capital to sell Lowell to Permira, OTPP to remain an investor
European private equity firm Permira has agreed to buy U.K.-based Lowell Group Ltd, a provider of credit management services, specializing in credit management and data analytics. The seller is TDR Capital. No financial terms were disclosed. As a result of the deal, Permira will merge the company with GFKL, a German provider of receivables management services. The Ontario Teachers' Pension Plan (OTPP) and Lowell's senior management will remain shareholders. In August 2014, Teachers’ Private Capital, the private equity investment arm of OTPP, agreed to acquire a significant minority interest in Lowell.
10 August 2015•5 mins read
