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Lowell Group, the Leeds-based credit management firm with 1,200 staff, has been acquired by private equity firm Permira for undisclosed terms.
Lowell Group is to set up an 82,000 sq ft financial services office for about 700 staff at Leeds Valley Park in spring 2014.
Lowell Group has acquired Interlaken Group, the Surrey-based debt collection firm with 300 staff, for undisclosed terms.
Lowell Group, the Leeds-based debt purchasing company with more than 300 staff, has undergone a management buy-out backed by Exponent Private Equity.
Lowell Group is planning to expand the workforce at its Leeds-based debt purchasing business from 190 to 250 by the end of the year, with a further 100 new jobs in 2007.