GTCR swoops for Premium Credit in £900m deal
Private equity firm GTCR has bought Premium Credit from MBNA Europe in a deal worth £900m.
GTCR will partner with new CEO Andrew Doman and Premium Credit's existing management.
The deal is expected to expand Premium Credit's customer relationships and boost its technology and service offerings.
Speaking about the acquisition, Collin Roche, managing director at GTCR, said: "GTCR's investment is a strong endorsement of the attractive business built by Premium Credit's management and employees over many years.
"Our extensive experience in insurance services, payment processing, and
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