Search

Dear visitor,
You are viewing 1 of your 2 free articles


To view more free articles, please register

Free registration or Login

Investment firm takes majority stake in debt purchaser MMF

Copper Street One, an entity of UK financial services investor Copper Street Capital, has acquired a majority interest in Motormile Finance (MMF).



Share on Twitter Linkedin black
Share on Twitter Linkedin black

MMF said the deal, which closed on Monday (October 9), will provide the firm with capital and resources to better serve its customers and clients.

 

Denise Crossley, chief executive of MMF, said the company plans to strengthen its existing senior management teams.

 

Crossley added: “As the only debt purchaser to obtain full authorisation whilst working directly under the scrutiny of the Financial Conduct Authority, I feel we are uniquely positioned to establish MMF as the market leader in both the low-value and short-term debt markets.”

 

Copper Street Capital, founded in 2015, is focussed on investing in the transformation of the financial services sector and is active in both the public and private markets.

 

Justin Bull, partner and chief operating officer at Copper Street Capital, said: “We are excited to be partnering with MMF as it embarks on this next phase of its business development.

 

“Given the changes taking place in the market we believe MMF will be well-placed, given all the work that has gone into transforming its platform.”

 

Share on Twitter Linkedin black
Add New Comment
YOU MIGHT ALSO LIKE

LATEST IN ANALYSIS

The CS Interview

The patriot

The patriot

Features

Ahead of the curve: Five reasons why Intelligent Environments secured the Best Collections Technology Award
Share on Twitter Linkedin black

Ahead of the curve: Five reasons why Intelligent Environments secured the Best Collections Technology Award

Opinion

“Financial products shouldn’t trap people in debt”
Share on Twitter Linkedin black

“Financial products shouldn’t trap people in debt”

Bank NPL analysis

Banks continue purge of bad debt from balance sheets

Banks continue purge of bad debt from balance sheets

Upcoming events

Credit Week 2018


Parliamentary Reception


CDSP European NPL


C-Suite Dinners

Credit Strategy

Did you find our website useful?

Thank you for your input

Thank you for your feedback

creditstrategy.co.uk – an online news and information service for the UK’s commercial and consumer credit industry. creditstrategy.co.uk is published by Shard Financial Media Limited, registered in England & Wales as 5481132, Axe & Bottle Court, 70 Newcomen St, London, SE1 1YT. All rights reserved. Credit Strategy is committed to diversity in the workplace.
@ Copyright Shard Media Group