Skipton Building Society has sold its majority stake in credit reference and marketing services subsidiary Callcredit Information Group (CIG) to private equity firm Vitruvian Partners for an undisclosed amount. The deal generates around £40 million of additional profit for the building society.
Skipton group chief executive David Cutter said: “CIG has been a major success story for Skipton of which we are very proud. Our support and guidance has enabled the business to penetrate the credit referencing and marketing information markets and