Announced
Financials
Sources
Tags
Domestic
Pending
United Kingdom
Acquisition
Majority
Private
Single Bidder
debt recovery and credit management
Friendly
Consumer Lending
Synopsis
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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