ODRS acquired by Creation UK in £250m deal

Belfast-based Open and Direct Retail Services (ODRS), the owner of premium finance provider Premium First, has been acquired by consumer credit provider Creation Financial Services (Creation) in a deal worth in excess of £250m.

Creation is the UK subsidiary of Laser, one of Europe's largest providers of credit and loyalty programmes. The company plans to use the aquisition to introduce the Laser UK brand and its wider offer into the market.

Richard Welsh, head of Premium First, said: "This is

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected].

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: