TDX Group has been sold to credit reference agency Equifax for £200m.
The sale marks the exit of TDX Group’s private equity backer, Investcorp Technology Partners, which acquired a substantial minority stake in 2008 alongside the three founders of the business.
TDX Group provides businesses with technology, data and advisory solutions to improve debt recovery rates and the fair treatment of consumers in financial arrears.
It was founded in 2004 and is headquartered in Nottingham, UK.
TDX employs approximately 345 people globally.
Gilbert Kamieniecky, principal at Investcorp, said: “With our support, TDX has been able to realise its potential and has evolved from being a UK-focused operation to one with a growing international footprint.
“The fact that the company has attracted the interest of a strong trade buyer in Equifax is testament to the quality of solutions and services TDX offers to its clients in recovering delinquent debt.”
The transaction marks Investcorp’s third exit of its technology portfolio in 12 months following its agreement to sell the Skrill Group, an online payment system, to CVC Capital and the flotation of Fleetmatics, the Irish-based global provider of fleet management solutions for commercial fleet vehicles, on the New York Stock Exchange.
Investcorp was advised on the transaction by Canaccord Genuity (financial advisor) and King & Wood Mallesons (legal).