Europe-based private equity consultant on financial services , AnaCap Financial Partners LLP was delighted to announce the sale of Cabot Credit Management to J.C. Flowers & Co. LLC. The contract of sale had been signed and the completion is expected at any time now.

Cabot Credit was established in April 2011 after the merger of Cabot Financial and Apex Credit Management, which was then acquired AnaCap and its fellow investors, Partners Group and Morgan Stanley Alternative Investment Partners.

Following the merger, Cabot Credit became a market leader in acquisition and administrator of consumer debt with above GBP7.7 billion of resources with over 3.5 million client accounts.

According to AnaCap co-Managing Partner, Joe Giannamore, "We are delighted with the result for our investors following the sale of Cabot Credit Management. As a result of the commitment and hard work of many people in AnaCap and Cabot, the business is now thriving as the top debt management firm in the UK. We expect Cabot to see continued growth in the coming years and believe J.C. Flowers is the ideal partner to help Cabot reach the next stage of its development."