UK Debt Purchaser to be Acquired for Around $125 million

THREE founders of a consumer debt company are set to become multimillionaires through the £70 million sale of their firm to a venture capitalist, according to an article in the Times Online.


Mike Cleary, who once ran the in-house debt collection team at BT Group, Najib Nathoo, the former head of risk management at GE Capital, and Charles Holland will see their stakes in First Credit valued at about £5 million each when the business is sold to Bridgepoint.

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