Who owns Lowell?Permira owns Lowell-What is Permira?Permira- A private equity-backed debt collector has sold one of the UK’s biggest junk bonds this year, but was forced to offer an elevated interest rate to compensate investors for funding a sector that had to suspend activities during the Covid-19 crisis.Leeds-based Lowell Group sold £1.6bn worth of junk bonds as part of a refinancing plan that included a £600m equity injection by its owner Permira and shareholders including the Ontario Teachers’ Pension Plan. It marks one of the biggest cash injections from a private equity firm in Europe since the pandemic began.Debt collectors buy defaulted loans for pennies on the pound and then aim to profit by tracing the borrowers themselves. The sector has been a longtime target of hedge funds, which argue that complex balance sheets mask the true costs and returns from debt recovery.Source: Nikou Asgari in London OCTOBER 23 2020 - Financial TimesWho is the CEO of Lowell?Colin Storrar-Colin became Group CEO on 10th June 2019, having first joined Lowell as Group Chief Financial Officer in 2013. Previously he was at HSBC Bank PLC, where he managed a multi-billion pound asset base for both First Direct and HSBC's contact centre and digital channels.He (Mr. Storrar) is listed on linkedin perhaps he would appreciate an email from the customers of the company he manages.Lowell Group Ellington House, 9 Savannah WayLeeds Valley Park, Leeds, LS10 1ABorEnterprise House 1 Apex View Leeds LS11 9BHTelephone: 0845 300 9410 Fax: 0845 300 9411 maybe they would like a fax?All the information provided is readily available to the public!Mischief Managed
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