Orbis Partners advise on the sale of Bristow and Sutor to Sovereign Capital
Orbis partners have completed another high profile deal in the debt collection sector with the sale of Bristow and Sutor to Sovereign Capital for an undisclosed strategic price, in a deal led by Gary Ecob, at Orbis Partners.
Established in 1977 and headquartered in Redditch, Bristow & Sutor has grown to become a highly-respected nationwide judicial services and debt recovery group. The Bristow & Sutor group today fully-employs a team of over 450 staff who support the collection of commercial and local authority debt types.
The deal will allow the founder Simon Sutor, to step back from day-to-day operations whilst the management team lead an MBO to further develop the business’ service offering and client base.
I am delighted to have completed this deal for the Sutor family, having worked with them for many years identifying potential solutions. The deal with Sovereign Capital will ensure that the business is invested in for the future and ensures succession for the existing management team and longevity in the business
Gary Ecob, Partner
The Bristow & Sutor management team will now be led by Andy Rose, Chief Executive, who has been in the business for over 30 years. The team is being joined by non-executive Chair Andrew Vaughan, who is highly experienced in working with tech-enabled businesses, Brian Maynard, Finance Director and Paul Lillico, Chief Technology Officer.
The strategy is to grow Bristow & Sutor organically, through acquisition, and to invest in technology that will enhance both the service offering and user experience. This will provide tailored and targeted solutions, delivering sector-leading collection performance while protecting the most vulnerable in society and the reputation of its clients.
Legal advice to the team was provided by Lee Clifford at Freeths.
