Exponent Private Equity (Lowell)

On 20 June 2011, Canaccord Genuity's clients, Exponent Private Equity ("Exponent") and management (together the principal shareholders of Lowell Group Limited ("Lowell"), announced the sale of Lowell to TDR Capital LLP ("TDR") for an undisclosed sum.

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. As at August 2011, Lowell Group was servicing in excess of sixmlion customer accounts with a value of £6 billion. Its portfolios include loan, credit card, store card, mail order, overdraft, retail bank and various lower balance debt types, including mobile phone debts.

Exponent Private Equity acquired Lowell Group in 2008 from Cabot Square Capital, advised at the time by Canaccord Genuity.

Canaccord Genuity acted as financial advisor to Exponent Private Equity and management.