Leeds-based Lowell Group, widely acknowledged as the UK's leading debt purchasing specialist, has been acquired by TDR Capital and senior management for an undisclosed sum from Exponent Private Equity.

Lowell Group buys portfolios of consumer debts and then manages the recovery of those debts, working closely with its customers to help them resolve their financial difficulties.

Lowell Group's Chief Executive Officer James Cornell commented: “We are delighted to be entering the next phase in Lowell's development with the support of TDR Capital. TDR's investment represents a resounding endorsement of Lowell's success, built on the hard work, dedication and commitment of our team. TDR has a track record of building value in its portfolio companies and we are looking forward to forging a mutually successful partnership with them in the years ahead.”

“It has been a pleasure to work with the team at Exponent, who have made a significant contribution to the Group's success.”