NEWS
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 Garrett Hayes, 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.
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Becca Hatton