Investec Asset Management invests in IDM Group

22 Jul 2015

July 22nd 2015: Investec Asset Management has agreed terms with the founding shareholders to invest in IDM Group, a South African consumer debt management company. This deal will see them partner with IDM’s founder and management team on their path to continued growth, as they help financially rehabilitate and educate South African consumers.

Founded in 2004, Intelligent Debt Management (IDM Group) has helped over 35,000 clients manage, consolidate and restructure their debts. The company has enjoyed significant growth since inception, and increasing market demand resulting from a tougher domestic credit environment is expected to drive further growth. In providing debt counselling, IDM also plays an important role in the financial education of some of the country’s neediest consumers by offering true credit rehabilitation rather than temporary financial relief. Its Cape Town-based centralised infrastructure with more than 350 qualified employees, serves clients across all of South Africa, delivering its full range of award-winning debt relief services, insurance and financial planning. IDM is well placed to serve southern Africa, home to some of the fastest growing consumer economies in the world.

Investec Asset Management established an African private equity capability in 2008. The Private Equity strategy focuses on growth capital and buyout investments in established mid-market and larger companies in Africa, with the objective of supporting the creation of local or regional champions in their respective industries.

For more information, please see here.

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