Echo Managed Services, the leading customer services and billing software provider to UK utilities and public sector announced it has acquired London based debt collection agency, Inter-Credit International.
Phil Newland, Echo’s Managing Director commented that acquiring a debt business was one of the firm’s key priorities for this financial year. Newland reiterated the investment marks an

Brookfield Investment Management (UK) Limited has acquired the European high yield fund management business of Pall Mall Investment Management Limited (Pall Mall). Brookfield Investment is an investment manager authorized and regulated by the Financial Services Authority (FSA) of the United Kingdom.
Pall Mall is also authorized and regulated by the FSA as an investment manager, and

The London Stock Exchange Group Plc and TMX Group Inc, operator of the Toronto Stock Exchange, are to merge the two bourses. The move is expected to result in one of the largest stock markets globally, announced the firms Wednesday. The deal will be an all-share merger, with headquarters and listings in both the UK

The UK’s foremost Payday Lending business, Fortress Group (UK) Ltd has been acquired by Texas, US, based Think Finance Inc. In an announcement made by its directors, Fortress Group’s Kieran Moulden and Stuart Carter noted the firm has been sold to the US firm.
Fortress Group (UK) Ltd was established six years ago and operates out

Dollar Financial announced that its wholly owned subsidiary, Dollar Financial U.K., has entered into an agreement to acquire Purpose U.K. Holdings Limited, a provider of online payday loans in the United Kingdom operating under the brand name PaydayUK. The anticipated purchase price of the acquisition is $195 million. The trailing twelve months EBITDA for Purpose

Indian global business process outsourcing firm Arvato Services Thursday acquired the UK’s Credit Solutions. The UK firm is a provider of debt recovery and management services. Arvato is keen on reinforcing its business process outsourcing operations in the UK and expects the acquisition of Credit Solutions to strengthen its offering in the UK market.
The acquisition,

A Religare Enterprises Ltd unit Tuesday announced the completion of its acquisition of South African based Barnard Jacobs Mellet’s UK operations. Religare Capital Markets Ltd is the investment banking and institutional securities arm of Religare Enterprises Ltd. It purchased the UK based operations of the South African financial services firm Barnard Jacobs Mellet.
Although the company

Franklin Templeton, the US based asset manager has acquired a fund management subsidiary of Rensburg Sheppards. Earlier this year, Rensburg was acquired by Investec earlier this year. The firm viewed the Leeds-based unit trust business as non-core. The US firm gains from the investment a reliable UK equity business, a move crucial in its UK

Foremost provider of collaborative payment, invoice and document automation solutions, Bottom-Line Technologies Wednesday announced it had acquired SMA Financial. SMA Financial is a London based provider of Software as a Service (SaaS) connectivity to SWIFT for the automation of payments and financing messaging.
The investment brings together a renowned SWIFT Regional Partner, the UK, Ireland and

US based MasterCard Inc Friday concluded its UK investment, terming it as significant in terms of the increase effect it will have on the firm’s existing e-Commerce merchant gateway presence in Asia and Australia to European countries and other high-growth, emerging markets worldwide. The conclusion marks the end of MasterCard’s push for the UK firm,