Takeover of Manchester-based debt management company approved

Following the £5m takeover approach from HH Bidco Ltd (a vehicle used by Charles Howson – chief executive – and Zeus Capital Ltd), shares from Manchester-based debt management company Accuma will delist from the stock exchange.

Manchester-based law firm, Pannone, advised HH Bidco on the deal. Martin Caller, partner at Pannone, said: “We were delighted to advise Charles and the team at Zeus.

“As a private business, Accuma is now well-positioned to take advantage of the opportunities that exist in the marketplace and has a solid platform from which to fulfil its ambitious growth plans.”

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