Bahraini private equity firm Investcorp has signed off the sale of debt management services company TDX Group to Equifax for £200m.
The investor took a 40 per cent stake in the business in December 2008 in a deal valued at £28m, making it the biggest shareholder.
TDX was set up in 2004 by two Capital One bankers and provides businesses with technology, data and advisory services on how to manage their bad debt portfolios and the recovery of outstanding credit.
At the time of Investcorp’s investment, TDX sold more than two-fifths of all defaulted unsecured consumer debt for banks, utilities and others in the UK.
Buyer Equifax is a credit reference agency listed on the New York Stock Exchange and has a market cap of $8.41bn.