Clarendons advises Recoveriescorp on sale to Transaction Capital

Clarendon Lawyers is pleased to have advised Recoveries Corporation Group Limited (Recoveriescorp) on its sale to Transaction Capital, a South African public company listed on the Johannesburg Stock Exchange. The sale is expected to be completed in early 2017. Headquartered in Melbourne, the Recoveriescorp Group employs approximately 600 staff members in Melbourne, Sydney and Suva, Fiji, providing specialist debt recovery and insurance claims recovery services to clients within the government, insurance, banking and finance, utilities and telecommunications market sectors in Australia. The Clarendons team was led by M&A Directors Tony Symons and Alex Bean, who were assisted by senior associate Billy Dwyer. Mr Symons said, “we are delighted to have assisted Recoveriescorp and its founders on its 100% sale to Transaction Capital. The founders have built a tremendous business and a strong platform for further growth and success of the business under new ownership.” Transaction Capital was advised by Minter Ellison.