Clairfield advises Bristow & Sutor on the sale to Sovereign Capital
Bristow & Sutor, a leading debt collection agency based in the Midlands, was sold to Sovereign Capital.
Bristow & Sutor is a highly-respected nationwide judicial services and debt recovery group, founded in the 1970s. The group employs a team of 450 staff who support the collection of commercial and local authority debt types. Bristow and Sutor collects council taxes and parking fines on behalf of 140+ local authorities.
Sovereign Capital is one of the UK’s private equity ‘buy and build’ specialists and acquired Bristow & Sutor in a deal of over GBP 100 million.
The deal sees the near full exit of owner and shareholder Simon Sutor, who will provide consultancy services to the business going forward. The management team will continue to be led by Andrew Rose (MD) and Richard Sutor (Director).
“I am delighted to have completed this deal for the Sutor family, having worked with them for many years identifying potential solutions. The deal with Sovereign Capital will ensure that the business is invested in for the future and ensures succession for the existing management team and longevity in the business.” – Gary Ecob, partner at Clairfield
Business services , Financial Institutions
Sale
Advisor to the seller
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