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SAV Credit sold to Värde Partners for £472 million (US$740 million)

November 2011

Client(s) SAV Credit Limited

Jones Day advised the management sellers of SAV Credit Limited in connection with the £472 million (US$740 million) sale by Palamon Capital Partners, Electra Private Equity, and Morgan Stanley Alternative Investment Partners, of SAV to Värde Partners. SAV Credit is a provider of credit cards in the sub-prime market.

In addition to M&A representation, Jones Day provided banking and finance and private equity advice regarding this transaction.

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