New York, NY – February 25, 2014 – Seven Mile Capital Partners Founders Fund LP, an affiliate of Seven Mile Capital Partners (“Seven Mile”), a leading middle - market private equity firm, has sold the remaining debt portfolio and substantially all its remaining assets in British Credit Trust(“BCT” or the “Company”) to Capquest Group Ltd. (“Capquest”), one of the UK's fastest growing credit solutions businesses. Terms of the transaction were not disclosed.
The sale to Capquest represents the final monetization of BCT’s remaining debt portfolio. In addition, Capquest will acquire BCT’s brand, key employees, data, systems and licenses to
operate. Seven Mile had acquired BCT in 2011.
Vincent Fandozzi, Seven Mile’s Managing Partner, stated,“The Senior management team of BCT, including James Irvine and Mark Curtis,have done a fantastic job managing the Company and monetizing BCT’s debt portfolio,along with overseeing the sale to Capquest. We wish them, and other members of the BCT team, continued success in their future endeavors.”
About Seven Mile
Seven Mile Capital Partners is a New York City based private equity firm that seeks to acquire either control or substantial influence of both individual companies as well as portfolios of companies. Seven Mile Capital Partners focuses on underappreciated companies and opportunities in the Business Services, Financial Services and Industrial Industries Seven Mile Capital Partners, working in partnership with experienced management teams, focuses on companies where new capital, management alignment and a long-term investment horizon can help achieve superior investment returns.
More information on Seven Mile Capital Partners can be found at www.sevenmilecp.com.
Seven Mile Capital Partners, LP