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AltAssets is the private equity news and research service from Almeida Capital
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PRINT THIS PAGE Exponent buys Lowell Holdings08/04/2008. Source: AltAssets. 
London-based mid-market buy-out firm Exponent Private Equity and company management have acquired Lowell Holdings, a Leeds-based specialist debt purchasing company, from Cabot Square Capital. Terms of the transaction were not disclosed, but sources close to the deal said that the transaction was in the £150-200m range.
Lowell Group buys consumer debts from blue-chip organisations and manages the recovery of those debts. Last year the company reported an annual turnover of £50m. It employs 300 people.
Adrian Hill, formerly CEO of HFC Bank and General Manager Direct Businesses at HSBC, has been appointed as non-executive chairman of the company.
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