Miura Private Equity acquires Gescobro

Venture capitalist Miura Private Equity has acquired Gescobro, the leading credit management company. The deal was structured via a management buy-out, with Miura joining the company’s capital management team.

Plans for the future include fostering relationships with large clients in banking and savings, large telephone/utilities companies and medium sized enterprises. Continued international expansion is also planned, following the opening of a Portugal office in 2008. Development of the business will include significant staff increases to expand management capacity in a market where outsourcing of recovery platforms is increasingly common.