Cabot was established in 1998 and was a pioneer in the UK market for buying charged off debts from banks and other major lending companies.
Cabot has a 15% share of the UK debt purchase market and has grown from 800,000 customer accounts to 1.3 million.
Equistone realised its Fund I investment in Cabot Financial selling the company to Nikko Principal Investments Limited (NPIL) at a value of £275m, generating a 3x return on investment. Equistone reinvested £25m of value in return for a 10% stake alongside the buyer through its Fund II. In April 2011, Equistone sold its minority stake to Anacap.
Barclays Private Equity sells Cabot Financial Holdings Group in £275 million secondary buy-out
10 Apr. 2006