Investcorp sells TDX Group to Equifax for $327m

Investcorp, a global provider and manager of alternative investment products, Friday announced that, together with the founders of the TDX Group (TDX), it has agreed to the sale of TDX to Equifax Inc., a global information solutions provider, for 200 million pounds (about $327 million). TDX is described as the UK's largest debt placement services and debt management platform company.
Through its technology fund, Investcorp Technology Partners III, Investcorp acquired a substantial minority stake in TDX in 2008, becoming the largest and only institutional shareholder alongside TDX's three founders.
Founded in 2004 and headquartered in Nottingham, the UK, TDX employs approximately 345 people globally. TDX provides businesses with technology, data and advisory solutions to improve debt liquidation and the fair treatment of consumers in financial arrears.
Mohammed Al-Shroogi, president for Gulf business at Investcorp, said: “With our support, TDX has been able to realize its potential and has evolved from being a UK-focused operation to one with a growing international footprint. The fact that the company has attracted the interest of a strong trade buyer in Equifax is testament to the quality of solutions and services TDX offers to its clients in recovering delinquent debt.”
The transaction is Investcorp’s third successful exit of its technology portfolio in 12 months following its agreement to sell the Skrill Group, one of Europe’s largest online payment systems, to CVC Capital and the flotation of Fleetmatics, the Irish-based leading global provider of fleet management solutions for commercial fleet vehicles, on the New York Stock Exchange.
Investcorp was advised on the transaction by Canaccord Genuity (financial advisor) and King & Wood Mallesons (legal).