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Aperture Debt Solutions Acquires Debt Free Direct from Fairpoint Group.

M2 EQUITYBITES-September 28, 2017-Aperture Debt Solutions Acquires Debt Free Direct from Fairpoint Group

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28 September 2017 - UK-based individual voluntary arrangements (IVA) Aperture Debt Solutions LLP, has acquired the debt free direct (DFD) segment of UK-based consumer professional services company Fairpoint Group plc, to strengthen Aperture's position in the market, the company said.

Terms of the transaction were not disclosed.

Aperture said the acquisition of debt free direct will ensure continuity of service for clients of DFD.

Business has grown over the past 18 months, and the company is currently recruiting 20 new customers service roles to join its IVA supervisor team located in Belfast, Ireland.

Aperture acquired a large book of IVA cases from Clear Debt in 2016.

Aperture is a long-standing, market leading personal insolvency specialist, known for providing thousands of individuals with solutions to problem debt.

Fairpoint Group plc provides consumer professional services in the United Kingdom. It operates through four segments: individual voluntary arrangements (IVA), debt management plans (DMP), claims management and legal services.

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Date:Sep 28, 2017
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