Cinven and CVC Capital Partners announced on 11th October 2016 that funds advised by Cinven and CVC Capital Partners had agreed to acquire NewDay, a leading consumer finance provider in the UK credit card market. NewDay is one of the UK's fastest growing speciality finance companies proving credit to more than five million customers with GBP1.6 billion of receivables.
Slaughter and May advised Varde Partners.
Financial Centre : London Law Firm : Slaughter and May Lawyer : Susannah Macknay
Practice Area : Corporate and M&A Classification : Financial Buyer Acquisitions Sub-classification : Secondary Buy-Out Industry : Financial Services
Advised Party : Vendor Value USD Equiv: Undisclosed
Target Company Jurisdiction : United Kingdom Acquiror Jurisdiction : United Kingdom
Editorial
13 Oct 2016 Varde Partners Sale of NewDay Cards
Cinven and CVC Capital Partners announced on 11th October 2016 that funds advised by Cinven and CVC Capital Partners had agreed to acquire NewDay, a leading consumer finance provider in the UK credit card market. NewDay is one of the UK's fastest growing speciality finance companies proving credit to more than five million customers with GBP1.6 billion of receivables.
Slaughter and May advised Varde Partners.
Financial Centre : London
Law Firm : Slaughter and May
Lawyer : Susannah Macknay
Practice Area : Corporate and M&A
Classification : Financial Buyer Acquisitions
Sub-classification : Secondary Buy-Out
Industry : Financial Services
Advised Party : Vendor
Value USD Equiv: Undisclosed
Target Company Jurisdiction : United Kingdom
Acquiror Jurisdiction : United Kingdom