
PRAC Financial
Growth Capital
In June 2017 Endless acquired PRAC Financial Limited (“PRAC”) from its private owners. PRAC is a niche debt purchasing business, specialising in acquiring regulated and non-regulated, consumer and commercial debt portfolios. PRAC is regulated and authorised by the Financial Conduct Authority and a member of the Credit Services Association.
Following the acquisition, two debt portfolios were acquired, with a face value of more than £220 million and PRAC engaged Leeds based BW Legal Services, a market leading debt collection and litigation business as its collection agent.
In November 2018 Endless sold its equity holding back to the management team of PRAC.

Key person for this case study
Andrew Ross
A Partner in the Investment Team, Andy is responsible for the firm’s operations in Yorkshire and the North East from our Leeds Headquarters. This includes delivering new transactions, as well as working closely with some of our investments. Prior to joining Endless, Andy spent 16 years at PwC advising regional corporates and their stakeholders through sales, purchases, restructures and refinancing projects.