Acquisitions18 Jul 2025, 05:31 pm
Firstsource Solutions Ltd to Acquire Pastdue Credit Solutions Limited for GBP 22 Million
AI Summary
Firstsource Solutions Ltd, a leading provider of business process management services, has agreed to acquire 100% ownership in Pastdue Credit Solutions Limited (PDC), a UK-based collections agency. The deal is valued at GBP 22 million, including upfront payment and earnouts. PDC provides white-label, early arrears and debt collections & recovery services. The transaction is subject to approvals under the National Securities and Investment Act 2021 and from the Financial Conduct Authority. Upon completion, PDC will become a step-down subsidiary of Firstsource Solutions Ltd.
Key Highlights
- Firstsource Solutions Ltd to acquire 100% ownership in Pastdue Credit Solutions Limited
- Deal valued at GBP 22 million, including upfront payment and earnouts
- PDC provides white-label, early arrears and debt collections & recovery services
- Transaction subject to approvals under the National Securities and Investment Act 2021 and from the Financial Conduct Authority
- PDC to become a step-down subsidiary of Firstsource Solutions Ltd upon completion