Teachers' Private Capital to take minority stake in TDR-backed Lowell Group
Teachers’ Private Capital, the private equity investment arm of the Ontario Teachers’ Pension Plan, has agreed to buy a significant, undisclosed minority interest in Lowell Group Ltd. One source has reported that Teachers will acquire more than 35 percent of the Leeds, United Kingdom-based business, which is focused on consumer debt purchase and recovery. In 2011, Lowell was acquired by British private equity firm TDR Capital. The company said current investors, which include TDR, will remain shareholders, with each selling a proportionate amount of their current holding. Canadian law firm Torys LLP represented Teachers in the deal.
14 August 2014•4 mins read
