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