Permira has entered into an agreement to acquire Lowell Group from majority shareholder TDR Capital, which has backed the company since 2011. Lowell is a U.K.-based provider of credit services, specializing in credit management and data analytics. Permira will merge the company with existing portfolio company GFKL, a provider of receivables management services in Germany. Existing investor Ontario Teachers' Pension Plan will remain a shareholder in the company following the close of the transaction, expected in 4Q. The deal has been rumored to be valued at £1.1 billion.