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New Deal


Announced

Phillips & Cohen to acquire Ardent Credit Services.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Domestic

Pending

United Kingdom

Acquisition

Majority

Private

Single Bidder

debt recovery and credit management

Friendly

Consumer Lending

Synopsis

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Phillips & Cohen, a Manchester-headquartered deceased account management business, agreed to acquire Ardent Credit Services, a debt recovery and credit management services provider. Financial terms were not disclosed. "It has always been part of our plan to expand our mainstream collection activities outside of the US, but without diluting the expertise in handling deceased accounts for which we have an established reputation and expertise," Adam Cohen, Phillips & Cohen Associates Co-Founder and CEO.

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