GTCR Buys Premium Credit for $1.4 Billion

Posted on: November 1, 2012 by Luisa BeltranNo Comments »

GTCR, which is midway through its tenth buyout fund, has acquired Premium Credit. The transaction closed yesterday, says Collin Roche, a GTCR MD. The seller is MBNA Europe, a unit of Bank of America Corp., a statement says. Premium’s management is also investing, Roche says.