Insights & News

JBW Group acquires Advantis Credit

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JBW Group Limited has announced it has acquired the shares of Advantis Credit Limited, with funding provided by OUTSOURCING Inc. BCMS advised the shareholders of Advantis on the transaction.

Established in 2004, Advantis is a leading ethical debt collection agency specialising in collections for UK listed businesses and the Public Sector. An FCA Regulated company, Advantis, employs 250 staff and assists over two million consumers annually.

Established in 2004, JBW Group is a trusted collections and enforcement partner to UK Government and a market leading technical innovator in the recovery of unpaid penalties and council and commercial debt. JBW is the UK’s fastest growing national collections and enforcement group and over the last two years the company have acquired many businesses to assist in this rapid growth.

This recent acquisition brings FCA Regulated Debt and Contingent Collections capability to JBW, adding high profile clients in Central and Local Government and extending its reach across the commercial sector. Advantis will continue to be managed separately to JBW and will retain its brand and management team, led by CEO, Mark Webb.

Webb commented: “This is an exciting market development with the combined business now offering a full range of debt collection and enforcement services to Local and Central Government, and Commercial clients.  JBW and Advantis share a common vision for the industry and the future of debt collection that places intelligent customer service, performance delivery and high ethical and professional standards at its core.”

Nick Tubbs, JBW Chief Executive commented: “We are delighted to welcome Advantis to the JBW Group and OUTSOURCING Inc. family. While Advantis will continue to be managed separately, and will retain its separate brand, there will be close collaboration and additional investment, and our increased scale will enable us to provide greater career opportunities for Group staff.

“Through the combination of complementary skills and teams, we will be able to offer a broader range of services to benefit our clients whilst accelerating best practice across the Group.

“This transaction combined with our recent acquisitions in the enforcement sector demonstrates JBW Group’s commitment to providing excellence across a full breadth of intelligent, highly ethical debt collection solutions to our private sector, local and central government clients.”

BCMS advised Advantis with legal advice from Squire Patton Boggs (corporate lawyers) on the transaction. The price and terms of the deal are undisclosed.

BCMS Lead Advisor, Andy Denny said: “It was clear from our early interactions that Advantis was an extremely well-run business with a very capable Management Team and strong reputation within its customer base. We are confident that Advantis will go from strength to strength within JBW Group and Outsourcing Inc. family.

This is a classic example of a strategically motivated acquisition by an ambitious, visionary acquirer securing complementary services, broadening its skill set and adding new clients. We wish JBW and Advantis all the very best for the future.”

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Steve Murphy's picture
Posted Jan 2020
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