Palatine PrivateEquity has financed the management buyout of consumer financial services group MoneyPlus Group (MPG). The U.K. firm has offered equity funding along with MPG CEO Chris Davis and the senior management team of the company.
Palatine will support the continued growth of MPG as it seeks acquisitions and addition of its offering to consumers in other areas, including insurance and legal services. MPG is the seventh investment made from the £100 million debut fund that Palatine raised in December 2007.
Click here for the release from Palatine.