TDX GROUP, the UK’s largest debt placement services and debt management platform company, has been sold to US-listed Equifax for £200m.
Investcorp, TDX’s largest institutional shareholder, announced the sale of its stake and those of TDX’s three founders yesterday.
Founded in 2004 and headquartered in Nottingham, TDX employs approximately 345 people globally. TDX provides businesses with technology, data and advisory solutions to improve debt liquidation and the fair treatment of consumers in financial arrears.
“The fact that the company has attracted the interest of a strong trade buyer in Equifax is testament to the quality of solutions and services TDX offers to its clients in recovering delinquent debt,” Investcorp principal Gilbert Kamieniecky.
The transaction is Investcorp’s third successful exit of its technology portfolio in twelve months following its agreement to sell the Skrill Group to CVC Capital.