Springboard Advise Bristow & Sutor on the Acquisition of Credit Style
September, 2019 - England
| Springboard Corporate Finance is pleased to announce that it has advised Redditch-based Bristow & Sutor on the acquisition of Credit Style. Established in 1977, Bristow & Sutor is a nationwide judicial services and debt recovery group, backed by Sovereign Capital Partners. Credit Style is the second acquisition for the group following the management buy-out of the business in 2017 in a transaction where Springboard advised the management team. The addition of Credit Style to the group will allow Bristow & Sutor to broaden its services into wider debt recovery, including in-house legal services and pre-legal collection services. Credit Style works with clients from a wide range of sectors, including financial services, utilities, motor finance and commercial collections and the expanded group will manage over 1.9 million cases per annum. Andy Rose, Chief Executive of Bristow & Sutor said "We are delighted to welcome Credit Style and its fantastic team to the Group. We share great business synergies and a reputation for providing a quality service delivery grounded in high standards of professionalism and business conduct. We look forward to further developing our service offering with Sovereign's continued support." Springboard Partner Simon Ward and Manager Jamie Berry advised Bristow & Sutor on the acquisition. Simon commented "The acquisition of Credit Style is another key strategic development for Bristow & Sutor. We are delighted to have been able to support Andy, Brian and the team on the deal." THE CLIENT ON SPRINGBOARD "The Springboard team worked tirelessly on the deal to deliver great support to Bristow & Sutor and Sovereign. Their understanding of both corporate acquisitions and private equity funding make Springboard a key part of the Bristow & Sutor acquisition team." --Brian Maynard, CFO, Bristow & Sutor ABOUT SPRINGBOARD We are a market leading corporate advisory firm focused on providing strategic, commercial and financial advice and support to a range of clients. We focus exclusively on the following services: • Acquisitions - supporting corporate and management teams – identifying targets and executing deals • Disposals - Full or partial business sales and exits • Raising finance - working capital or development capital – typically debt or private equity/venture capital • Management / Retained advisory - strategic, commercial and financial support |
