Private equity firms Cinven and CVC completed the acquisition of NewDay, a consumer finance provider specialising in the UK credit card market, for £1.1bn. "NewDay is an extremely well-managed, strongly-performing company. Within the UK's large credit card market, the Company is well positioned in the attractive and growing near prime segment. It has a strong track record of organic and acquisitive growth and we look forward to supporting this growth," Caspar Berendsen, Cinven Partner.