Allclear Finance, a top tier supplier of debt solutions and
financial planning services to the rapidly growing UK consumer
credit market, has been sold to a management buyout team backed by
Inflexion Private Equity and PHD Ventures.
The business, lead by Chris Holmes,
intends to broaden its service proposition, including providing
increased access to needs-based, advice driven debt solutions
through a best advice model. Funds managed by Inflexion and PHD
Ventures invested
£6.3 million in the buyout of Allclear Finance which now umbrellas the debt
advisory business, an FSA regulated financial product sales company
and a compliance entity. The Royal Bank of Scotland provided the
debt facilities. Management including Chris Holmes and Terry
Sweeney also invested in the business alongside PHD Ventures and Inflexion Private
Equity.
