25th February 2021
DSW advises on buy-out at MoneyPlus Group
MoneyPlus Group, one of the UK’s largest providers of consumer debt advice, has undergone a management buy-out backed by Intriva Capital.
Intriva will also provide additional funding as part of a £60m investment program to enhance MoneyPlus’ services and bring them to a wider range of customers.
Founded in 2010, MoneyPlus provides debt advice to over 50,000 customers each year, and also offers household energy solutions and legal services. The company, which is based in Manchester, employs more than 170 people.
Catriona Lang of DSW Transaction Services led the deal. She commented: “We have worked with Chris Davis and the MoneyPlus team for almost a decade, and during that time have advised management on numerous acquisitions and seen the business introduce new service lines and grow organically.
“Knowing the business and the industry inside out, we were well placed to carry out vendor due diligence and produce a comprehensive report, which met the needs of several potential equity and debt funders and provided them with a simplified understanding of the industry and any relevant considerations.
“If you are a management team seeking a buyer or investor, carrying out vendor due diligence is a smart move. It not only alerts you to any potential problems and demonstrates to funders that you are taking a proactive and open approach, but is also less onerous for the management team from a time perspective, removing the need for each potential funder to carry out their own due diligence.”
Chris Davis, Chief Executive Officer at MoneyPlus Group, says: “When we began talking to the Intriva team, it was clear that they understood our business and broader sector and, perhaps most importantly of all, shared our core values and ethos of supporting customers fairly and responsibly at all times. With Intriva’s backing, we’ll continue to grow the business and help more people in need of financial advice and assistance.”