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Aberdeen backs Chiltern (UK)

The Growth Capital team of Aberdeen Asset Managers has completed an investment in Chiltern (UK) Limited, one of the UK's leading providers of debt management services to consumers. The business has been bought by its management team and incoming Chief Executive Mark Bowler in a Buy-in Management Buy-out ("BIMBO").

Chiltern (UK) works with consumers who have got into difficulties with personal debt to develop a debt management programme which the client is able to afford. The rapid growth in recent years reflects the well-documented increase in consumer debt over this period. The business is based in Altrincham, Cheshire and is a founder member of the Debt Management Standards Association (DEMSA).

It was Chiltern's outstanding reputation with both consumers and lenders that most attracted Mark Bowler to the acquisition, he commented:

"There is a clear and increasing need for debt management services and it is vital that these are provided professionally and efficiently at what is undoubtedly a stressful time for the consumer. We are delighted to have acquired Chiltern and are indebted to the support and guidance of our advisors and backers in securing the deal."

Bill Nixon, Head of Investment for Growth Capital at Aberdeen commented:

"This is a rapidly growing sector and we are delighted to have had the opportunity to invest in one of the leading players. We have a very experienced team, led by Mark Bowler, who will maximise the potential opportunities open to them."