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Inflexion Private Equity, the mid-market private equity investor, announces today that it has invested in All Clear Finance, a leading financial solutions and debt advisory business.
All Clear Finance is a top tier supplier of debt solutions and financial planning services to the rapidly growing UK consumer credit market. The Group intends to use the investment to broaden its service proposition, including providing increased access to needs-based, advice driven debt solutions through a best advice model.
In the past 10 years the UK has seen an increasing number of credit providers entering the market and this, combined with the recent period of low interest rates, has resulted in an unprecedented surge in consumer borrowing and spending. In the seven-year period 1997 to 2004, UK household debt (including mortgages) has doubled from £500 billion to over £1 trillion and continues to rise.
North West based All Clear Finance has grown strongly in recent years, and was included in the recent Sunday Times FASTRACK 50.
Funds managed by Inflexion have invested £6.3 million leading the buyout of the group which now umbrellas the debt advisory business, an FSA regulated financial product sales company and a compliance entity. Royal Bank of Bank of Scotland provided the debt facilities. Management have also invested in the business alongside Inflexion Private Equity.
Tim Smallbone, Investment Director of Inflexion Private Equity, said:
“This is a fantastic opportunity for Inflexion to invest in a leading ethical company in the fast-growing consumer debt solutions market, and we look forward to working with management to grow the business substantially.”
Chris Holmes, CEO of All Clear Finance said,
“We are delighted to announce our new partnership with Inflexion. Their support and financial investment will enable us to grow to meet the increasing consumer demand and to broaden our business model, enabling us to help more consumers find the best solution for their debt problems.”
Tim Smallbone from Inflexion has joined the Board of All Clear Finance.