Advantis Credit sold to JBW Group

JBW Group Limited – now known as CDER Group – has acquired the shares of Advantis Credit Limited, with funding provided by Outsourcing Inc. Initium advised the shareholders of Advantis on the transaction.

Established in 2004, Advantis is a leading ethical debt collection agency specialising in collections for UK listed businesses and the Public Sector. An FCA Regulated company, Advantis employs 250 staff and assists over two million consumers annually.

Established in 2004, JBW Group is a trusted collections and enforcement partner to UK Government and a market leading technical innovator in the recovery of unpaid penalties and council and commercial debt.

This acquisition brings FCA Regulated Debt and Contingent Collections capability to JBW, adding high-profile clients in Central and Local Government and extending its reach across the commercial sector. Advantis will continue to be managed separately to JBW and will retain its brand and management team, led by CEO, Mark Webb.

Webb commented: “This is an exciting market development with the combined business now offering a full range of debt collection and enforcement services to Local and Central Government, and commercial clients. JBW and Advantis share a common vision for the industry and the future of debt collection that places intelligent customer service, performance delivery and high ethical and professional standards at its core.”