Jamieson is delighted to announce it has advised the management team of NewDay as part of a reorganisation of the business including sale of the group’s consumer credit receivables to KKR and continued investment by Cinven and CVC alongside KKR in the NewDay Operating Group.
NewDay is a leading consumer credit business serving around 5.9 million customers in the UK. The transaction will combine the business’s proven origination and servicing capabilities with KKR’s expertise in asset based finance.
Ian Jamieson, Gus Gayford and Alexander Wilson advised John Hourican (Group CEO) and the NewDay team on changes to shareholding and incentive arrangements in relation to the transactions.
