| Location |  |
|---|---|
| Date of investment | Jan 2012 |
| Activity | Provider of debt solution services |
| Investment Size | Not disclosed |
| Type/stage | BIMBO / Buy and build |
| Revenues | €12m |
| Transaction Size | Not disclosed |
| Management Team | |
| Milestone Board Members |
|
The Business
Debt Line is one of the industry leaders in the UK debt management sector, administrating Debt Management Plans ("DMP's") for c. 20,000 clients. DMP's are agreements between an individual and their creditors that restructure the individuals existing debt and allow for more manageable monthly repayments.
Debt Line was acquired from its parent, the Richmond Group, who founded Debt Line in 2006. A new Chief Executive Officer and Financial Director were recruited by Milestone at completion to join the existing management team.
Value Added Steps Planned
- Separate Debt Line operationally from its parent, the Richmond Group
- Grow the existing DMP book
- Identify new products / services to sell to new and existing clients
- Consolidate the highly fragmented debt solution market