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Mid-market buyout firm Duke Street has is looking to profit from the UK economic downturn with the acquisition of a majority stake in a consumer debt recovery company.

The firm will invest about £50m (€56m) in Marlin, which uses litigation strategies to recover credit card and unsecured personal debt, according to a person with knowledge of the situation. Duke Street will hold a near 58% stake, the source added.

Paul Hodkinson

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Duke Street deal signals bearish outlook

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