NewDay Nears £1.7bn Investment Deal with KKR

NewDay Group, the owner of Argos's store card division and a major player in the UK consumer credit market, is on the verge of a £1.7bn deal with private equity firm KKR. This deal would see KKR take a significant stake in the company and acquire its existing loan-book. NewDay, which has partnership... [More info]

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@OutOfSpace

The most interesting part is how the whole thing has been hidden in plain sight.

#ConsumerCredit reached an all time high under the #Biden/ #Harris administration in the #USA. And while they tried to mitigate that somewhat by for instance restructuring programs for #StudentLoans, the double #burden of stagnating #wages and rising #inflation has pushed many households over the edge.

Now #Trump is adding way more inflation to the mix & laying off tens of thousands of govt #workers.

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