Investcorp sells TDX for £200m

Investcorp acquired a 40% in TDX in December 2008 for £28m through its Investcorp Technology Partners III fund.

Since investing, Investcorp has supported the company's growth into overseas markets.

Company
Established in 2004 and headquartered in Nottingham, TDX provides technology, data and advisory services focused on debt liquidation for businesses and the fair treatment of consumers in financial arrears. The company employs 345 people.

TDX works with specialist debt businesses and creditors across the utility, public, telecoms, media and financial services sectors to find solutions for managing collections, recoveries, debt sales and insolvency. The company currently has £9.8m of debt under management.

As well as its UK offices in Nottingham and Leeds, TDX has operations in Spain, Australia, the US and South America.

People
Gilbert Kamieniecky is a principal at Investcorp.

Advisers
Vendor – Canaccord Genuity (Corporate finance); King & Wood Mallesons (Legal).

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