Cinven/CVC Capital Partners acquisition of NewDay

Overview:

• Cinven and CVC Capital Partners have acquired NewDay from Värde Partners.
• The deal gives NewDay an enterprise value of £1 billion.
• NewDay is a consumer finance card credit card maker with around five million customers, £1.6 billion of receivables and 800 staff.
• The company is made up two different businesses - Near-Prime, which provides aqua and marbles branded credit cards and Co-brand, which provides credit cards from retailers including Debenhams, House of Fraser, Laura Ashley and the Arcadia Group.

Sam Duke - Editor