Success

Success can be measured by the quality of the transactions executed and the references that result.
Selected Portico Transaction Participants

has been acquired by

Portico Capital Advises Recipero on its sale to Callcredit Information Group

September 26, 2016
London, England 


Portico Capital Securities announced today that it served as the exclusive financial adviser to Recipero on its sale to Callcredit Information Group. Giles Roshier, Managing Director at Portico Capital, noted, “We are delighted to have worked with Recipero on this transaction. As the leading data aggregator in mobile device status authentication, Recipero plays a valuable role in preventing fraud and identity theft. This acquisition will expand Callcredit’s fraud and identity protection capabilities and accelerate Recipero’s rapid growth, especially in the US.” This transaction represents another successful deal by Portico in the data and analytics sector and highlights its expertise in the fraud and identity protection segment.

Below are more details from the Company's press release:

Callcredit Information Group Acquires Recipero to Accelerate the Execution of its Fraud and Identity Protection Strategy

LEEDS, UK: 26th September 2016: Callcredit Information Group, backed by private equity firm, GTCR, has acquired Recipero, a company that has built one of the world’s largest proprietary databases containing detailed information of the history and ownership of mobile devices, in a deal designed to accelerate the growth of the company’s fraud and identity protection strategy.

Mike Gordon, CEO, Callcredit Information Group, said: “The acquisition demonstrates our commitment to expanding our fraud and identity protection capabilities and will accelerate growth, provide the opportunity to develop unique, new offerings for our customers and support overseas expansion through Recipero’s US footprint.”

Mark Harman, Recipero CEO, said: “Becoming part of Callcredit Information Group is a perfect fit for our business and provides a unique opportunity for Recipero to build on its UK success.  This also signifies a step change in our ambitions allowing us to accelerate our plans to expand our capabilities and scale the US business where we have already established a strong base.” 

Established in 2000, Recipero has built one of the world’s largest proprietary databases of IMEI data identifying consumer mobile devices by serial number, ownership, theft, loss, insurance and warranty information, known clones, counterfeits and fraudulent trading information. 

Recipero’s technology is used to detect and prevent mobile device theft and fraud; comply with legislation around the handling of secondary-market mobile device transactions; and assess whether a device can be activated on a particular mobile network. The Gloucester-based company has grown significantly since its inception and employs 20 people with operations across the UK and US.

Chris Green, Chief Commercial Officer, Callcredit Information Group, said: “The explosion in use of mobile devices for financial transactions, means mobile devices present the biggest, single point of failure for identity theft and fraud.  If your phone is stolen, a criminal has everything they need to access your digital identity, including personal, sensitive and financial information. Recipero offers a natural extension to our existing fraud and identity protection solutions and has a number of products that will be embedded into many future solutions.”

Recipero will be combined into Callcredit’s existing fraud and identity protection solutions business, where the integration of products and solutions will enable Callcredit to bring differentiated solutions to its customers. Recipero operates in sectors which are complementary to Callcredit Information Group, including, mobile network operators, retailers, mobile electronics recyclers, insurers, logistics and finance companies, device repair shops, warranty providers and law enforcement agencies. 

Portico Capital Securities Limited served as exclusive financial adviser to Recipero with respect to this transaction.

About Recipero

Recipero provides mobile device intelligence across a range of commercial interests. The company owns and runs one of the world’s largest databases of information relating to the background and history of mobile/cellphones and other consumer electronic devices. Recipero’s solutions help identify and avoid the risk of mobile device theft or fraud. The company was founded in 2000 and has operations in the UK, US and The Netherlands. For more information, please visit www.recipero.com

About Callcredit Information Group

Callcredit Information Group specialises in database marketing solutions, credit referencing and software analytics and fraud, and is an expert in managing consumer data for businesses across every sector.  Founded in 2000, the Group includes the UK’s second largest credit reference agency (CRA) and employs approximately 1,000 professionals across the UK, and also has offices in Japan, China, Dubai and Lithuania. In 2014 Callcredit was acquired by private equity business, GTCR. For more information, please visit www.callcredit.co.uk

About Portico Capital
 

Portico Capital provides independent strategic and financial advisory services in the areas of mergers & acquisitions (M&A), recapitalisations and capital raisings exclusively to private and public companies in the global information and business services & software sector.  The firm, founded in 2000, has offices in Greenwich, Connecticut and London, England.

For more information, please visit www.porticocapital.com.

PORTICO CONTACTS

Giles Roshier
Managing Director & Head of Europe
giles@porticocapital.com
+44 (0)203 011 0470

Tom Burton
Vice President
tom@porticocapital.com
+44 (0)203 011 0473