Jamieson has advised the management team of Marlin Financial, a leader in the UK debt purchasing market, on its change of ownership from Duke Street Capital to Encore Capital. Senior members of the team led by Ken Stannard, who will become CEO of the enlarged business, reinvested alongside the Cabot Management team in the combined group.
Jamieson was appointed to advise the Marlin managers during an auction process which saw interest from trade and financial bidders. In addition to providing advice on rollover terms they provided advice on structuring tax efficient incentive schemes according to the bidder type.
Cabot’s acquisition of Marlin expands Encore’s strong presence in the high-growth U.K. and Irish markets, which together comprise the largest mature credit market in the world after the U.S. Together the two companies will create the largest unsecured debt buyer in the U.K., and the companies expect to generate substantial synergies that will drive profit growth in the near term, with future upside potential.