Credit, Collections & Insolvency News
The winners of the 2025 Credit & Collection Industry Awards have been announced following a live in-person event yesterday (Thursday 22nd May) at the Milner Hotel in York There were eighteen winners (four of which were partnership wins) from the twenty awards categories, which were presented by awards compare’ Brennan Reece. The Credit & Collections…
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Solaris Law, part of the Azzurro Group, has announced that it has completed the purchase of the Equivo Legal Services division. The purchase is the final part of a two-stage transaction, which follows the first stage of the transaction last year to purchase Shoosmith’s commercial debt recovery team. As a result of the deal, Solaris…
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Personal insolvency provider Carrington Dean has announced that has acquired personal insolvency business, Cleanslate from Interpath. Cleanslate is part of Interpath, an international advisory firm which specialises in the provision of advisory and restructuring services to businesses, their investors and their stakeholders. Carrington Dean is based in Scotland and is part of the Creditfix Group.…
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Law firm, Flint Bishop has announced that it has acquired the entire volume Banking & Finance Recoveries division from the wider Banking & Finance team of Walker Morris LLP, welcoming 34 new staff to the business. The strategic acquisition also marks Flint Bishop’s entry into the Leeds market and substantially enhances the firm’s capabilities in broader…
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The Estate Registry, an innovation created by Phillips & Cohen Associates has acquired Settld, the Sunderland-based death notification business designed to create a solution for those tasked with estate administration. Settld, founded in 2020, specialises in simplifying bereavement administration. Adam Cohen, Executive Chairman of The Estate Registry said “We are both committed to making the…
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Deceased account management specialist Phillips & Cohen Associates (PCA) has announed it has acquired USA-based Estate Information Services (EIS). EIS has long-standing partnerships with some the world’s largest and most sophisticated financial services organizations, including major banks and credit card companies. EIS is fully licensed across the US and is recognized as a leading provider…
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Everyday People Financial, a Canadian-based financial services company, has announced that its subsidiary, BPO Collections has signed a purchase agreement to acquire Arvato Financial Solutions UK (AFS). Arvato Financial Solutions is a provider of accounts receivable management services primarily focusing on providing financial and collection management services in the regulated environment. Arvato’s main creditors operate…
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Debt resolution specialist, Ophelos has announced that it has entered into an agreement to be acquired by debt purchase and collection company Intrum. Intrum says the acquisition of Ophelos, will seek to advance the development of tech-enabled solutions in its offering by further strengthening its market position. Ophelos is a technology company that uses AI to…
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Fintech Ceverine, which offers AI-driven digital collection services, and debt collection specialist Capital Resolve have announced an agreement to merge businesses. In a joint statement, the company said that the strategic combination brings together complementary strengths of both companies. Ceverine’s expertise in machine-learning, automation and digital collections with Capital Resolve’s established history, credentials and proven…
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Octopus Energy has announced it will buy Shell’s household energy business in the UK and Germany. Octopus has signed a deal with Impello, a subsidiary of Shell Petroleum Company to buy Shell Energy, taking on two million new home energy and broadband customers. This deal grows challenger energy supplier Octopus to nearly 6.5 million household…
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Arrow Global Group, an asset manager specialising in credit and real estate has announced the acquisition of Maslow Capital, a provider of real estate finance. The acquisition follows Arrow Global’s initial purchase of a significant minority stake in December 2021 and a 20-month period of successful collaboration that has seen the significant expansion of Maslow…
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Everyday People Financial, a Canadian-based financial services company, has announced that its subsidiary, BPO Collections has agreed to acquire Pastdue Credit Solutions. Debt collection agency Pastdue Credit Solutions was founded in 2005 its clients include energy, water, telecoms, and financial service providers, as well as providing services to government departments. Barret Reykdal, CEO of Everyday People…
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Credit management services company Intrum has completed the acquisition of the Capquest and Mars UK servicing platforms from European fund manager Arrow Global. The deal also includes a portfolio investment of 50 per cent of Arrow’s UK unsecured consumer back book portfolio, for a cash consideration of £92 million. The purchase means Intrum has taken…
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