French debt managers DSO Group SAS and MCS Groupe announced the completion of their merger after receiving regulatory and staff approval Oct. 5.

The tie-up will create a new entity that employs 1,300 people with consolidated 2017 net revenues of more than €130 million. The new group plans to broaden its service solutions, increase investment potential and strengthen its innovation capacity in the short and medium term.

After deal completion, BC Partners LLP will remain the majority shareholder of the combined entity, alongside Montefiore Investment and the managers of both companies.