PIC Solutions, the leading specialist credit risk management consultancy in the Middle East and Africa, has sold ACET Processing to its management via an MBO transaction.
This move is a significant milestone for both the PIC Solutions and ACET Processing strategies to secure leadership in the rapidly growing credit risk management and outsourced credit processing industries, as well as to increase focus on their core businesses.
A driving factor behind this sale is the significant expansion in business and the rapid growth in operations of PIC Solutions over the past 12 months. PIC Solutions’ new structure will place it in a much stronger position to pursue growth opportunities in the credit risk industry. In addition, PIC Solutions will continue to expand their geographical footprint and build new markets through opportunities available in the Africa, Middle East and South Asia markets.
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