Firstsource to acquire UK-headquartered Pastdue Credit Solutions

Firstsource Solutions on Friday announced it will acquire Pastdue Credit Solutions, a debt-collection business serving several of the UK’s banks, utility firms, telecom companies, and government bodies.

The acquisition is subject to Financial Conduct Authority (FCA) approval, said Firstsource Solutions, a provider of domain-led Business Process Services (BPS).

The RP-Sanjiv Goenka Group company, however, did not divulge the financial details or size of the buy.

Sanjiv Goenka, Chairman of RPSG Group and Firstsource, said, “Pastdue Credit Solutions’ deep…