Advantis Credit sold to JBW Group
JBW Group Limited – now known as now CDER Group – has acquired the shares of Advantis Credit Limited, with funding provided by Outsourcing Inc. BCMS advised the shareholders of Advantis on the transaction, which completed in 2019.
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.
This 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 Director Andy Denny added: “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. 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.”