Fast-growing finance firm MoneyPlus has swooped for another debt management company.
The Manchester company has bought Personal Touch Debt Solutions for an undisclosed sum.
Personal Touch Debt will now operate under the Debt Free Me brand, which is the name of the Blackburn company MoneyPlus bought in September.
The deal is the sixth since Manchester’s Palatine Private Equity backed a management buyout of MoneyPlus in June 2011.
It now employ 190 and recently moved from Altrincham to new headquarters at Riverside, Manchester.
MoneyPlus chief executive Chris Davis said: “We are delighted to have completed yet another acquisition.
“Personal Touch Debt Solutions is a recognised brand within the mortgage network market and has built up an enviable reputation with both brokers and consumers alike.”
Ed Fazakerley, partner at Palatine, said: “Our strategy has always been to grow the business both organically and via acquisitions. We are very excited about the latest deal with Personal Touch.
“We are also looking at a number of further acquisitions to support this strategy in the future.
Chris Williams from Dow Schofield Watts provided due diligence advice on the acquisition, with Frank Shephard, Victoria Barker and Lucy Shenton, of DWF, providing legal advice to MoneyPlus.