Deal Summary

Sector:

Financial Services

Business Type:

Debt Recovery

Location:

Hertfordshire

Deal Type:

Private Equity investment

Buyer Type:

Private Equity

PDC Group joins PE-backed legal services platform

Last updated

2 min read

A row of new-build residential houses with dark tiled roofs and brick facades.

PDC Group, a leading property debt recovery firm, is joining Canford Group having received substantial investment from Queen’s Park Equity.

Founded in 1993 and based in Hertford, PDC Group consists of three entities – Property Debt Collection, PDC Law and PDC Conveyancing.

The group operates across the full lifecycle of debt recovery, from initial collection through to legal enforcement, on behalf of landlord and residential property manager clients, recovering unpaid service charges and ground rent.

In a transaction advised by Jay Singh, KBS Corporate Finance Director, PDC Group will continue to operate as its own brand as part of Canford Group, which has been established by Queen’s Park Equity.

Canford Group is a diversified, tech-enabled specialist legal services platform which will comprise Canford Law and Canford Law Scotland as well as PDC Group.

The senior leadership team of PDC Group, led by Managing Director Reece Wheeldon, will remain in place and retain a significant equity stake, ensuring continuity and leveraging the strong reputation the company has developed in the market.

“PDC’s success has been built on the hard work of our people, the trust of our clients and a shared commitment to outstanding service,” said Reece Wheeldon.

“Joining the Canford Group gives us the platform, and the continued investment, to build an even stronger business – all while remaining PDC, with the same relentless focus on our customers that has always set us apart.”

Matthew Donaldson, Chairman of Canford Group, commented: “This transaction is a significant milestone for the Group and represents the first of many transactions.

“Whilst the business continues to enjoy rapid organic growth, the legal services market offers significant M&A potential and Canford Group is well placed to capitalise on these opportunities.”

Alex McRae, Investor at Queen’s Park Equity, commented: “PDC was a clear strategic fit from day one – a highly complementary business that diversifies the group’s end markets, deepens its customer base and adds real scale to the platform.”

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