Avedon Capital Partners exits Tesch Inkasso to German strategic buyer after successful buy-and-build
Düsseldorf, 12 August 2016 – Avedon Capital Partners and Management have announced the sale of Tesch Inkasso Group (Tesch), a leading German debt collection company, to Lowell GFKL Group, an European leader in credit receivables management backed by the Permira Funds and Ontario Teachers’ Pension Plan (OTPP). Closing is subject to regulatory approvals. Both Management and Shareholders are pleased with this transaction which confirms the value creation strategy that Management and Shareholders actively pursued since 2012. Please refer to the official press release for further details: English Press Release.