Private equity firm, Levine Leichtman Capital Partners (LLCP) has become the new majority shareholder in CreditInfo Group, a global credit information and decision analytics provider. LLCP will help Creditinfo Group to keep expanding operations and support financial institutions with a full suite of best-in-class credit risk management tools.

Well-respected industry veteran, Paul Randall – who joined Creditinfo in 2007 – will lead the company through its next phase of growth as the newly appointed Group CEO, working closely with Reynir Grétarsson and LLCP.

Erik Nobel, Managing Director at LLCP, says: “We are excited to support Creditinfo’s expansion and growth through this investment.”

David Cowan, Senior Managing Director at LLCP, adds: “We are thrilled to partner with the Creditinfo team and look forward to supporting the Company’s strategic growth plans.”

Read more at Private Equity Wire