Praesidian Capital Europe, a leading provider of senior and subordinated debt and growth capital in the United Kingdom and Northern Europe, announced today its £8.0 million investment of first lien debt in EMC Advisory Services Limited (“EMCAS” or the “Company”), a leading claims management business in the UK.
The funds support the July 2016 buyout of the Company by incumbent management team James Scarth and Richard Hopwood and the realization of their growth plan through increased investment in the Company’s leading operational platform as well as providing funds for acquisitions.
EMCAS, headquartered in Exeter, Devon, provides services to consumers who are unaware, or unwilling, to claim redress for losses suffered as a result of malpractice by institutions when selling and providing financial products and services. The Company provides claims services across a broad spectrum of financial products including payment protection insurance, mortgage endowments, packaged bank accounts, savings and investments, and pensions.
Headquartered in Exeter and established over 10 years ago, EMCAS is a leading claims management company (“CMC”) providing services to consumers who are unaware, or unwilling, to claim redress for losses suffered as a result of malpractice by institutions when selling and providing financial products and services. The range of services cover financial products including payment protection insurance, mortgage endowments, packaged bank accounts, savings and investments, and pensions.
Praesidian Capital Europe is an innovative private investment firm focused on providing senior and subordinated debt along with growth capital to established lower middle-market businesses in the United Kingdom, Germany, and selectively in Northern Europe. Established in 2013 and based in London, Praesidian Capital Europe invests in private small- and mid-sized companies, often in connection with management buyouts, recapitalizations, or refinancings. Praesidian Capital manages nearly $1 billion in committed capital through various funds.