Profits for all of 2020 were up at Encore Capital Group even though it made less money in the fourth quarter than it did in the same period a year earlier, according to the company’s quarterly financials that were released yesterday. Even though the company spent 34% less on portfolio …
Read More »InDebted Raises $8M in Capital to Fund Acquisition, U.S. Expansion
InDebted, an Australian company that made a huge splash this week by announcing its entry into the United States accounts receivable management industry through a huge acquisition and hiring some very well-known names to help guide it, raised nearly $8 million to fund its expansion. About two-thirds of the investment …
Read More »Provana Acquires Greenlight Office Solutions
February 8, 2021 | Chicago, Illinois — Provana, a leading provider of best-in-class technology solutions is proud to announce its acquisition of Greenlight Office Solutions. Greenlight, a boutique software development and consulting company is known for delivering custom automation solutions for companies within the ARM industry. Provana, headquartered in Chicago, …
Read More »Report Spotlights ‘Robust’ M&A Activity in ARM Industry
The accounts receivable management industry was valued at $13.4 billion at the end of 2020, and grew at a rate five times faster in 2020 than it had in the preceding five years, according to a report issued by Corporate Advisory Solutions. This year could be just as big for …
Read More »Katabat Expands Product Reach by Acquiring Simplicity Collection Software
WILMINGTON, Del., Jan. 5, 2021 /PRNewswire/ — Katabat, a leading global provider of debt management software solutions for lenders, fintechs, and collection agencies, announced today that it has acquired Simplicity Collection Software of Idaho Falls, Idaho. The acquisition aligns with and accelerates Katabat’s vision to be the dominant provider of debt collection software …
Read More »Private Equity Firm Announces Investment in Ontario Systems, Becomes New Majority Shareholder
Ontario Systems has been acquired by another private equity firm, it was announced yesterday. Arlington Capital, which acquired its stake in the company four years ago, is being replaced as the company’s majority shareholder by New Mountain Capital. Terms of the deal were not announced. New Mountain Capital, based in …
Read More »Encore Sells Last Non-U.S., U.K. Unit
In an effort to help it continue to focus on its key markets, which include the United States, Encore Capital Group has completed the sale of Baycorp to Credit Corp Group. Baycorp specialized in the “management of non-performing loans in Australia and New Zealand,” and provided “portfolio management services for …
Read More »M&A Activity in ARM Industry Picks Up in 2Q
After a fairly slow start to 2019, merger & acquisition activity in the accounts receivable management space picked up in the second quarter, according to data released by Corporate Advisory Solutions. There were 14 deals in the second quarter, with a total enterprise value of $957 million. That compares with …
Read More »Private Equity Firm Expands RCM Investment By Buying Receivables Solutions Specialist
Kriya Capital, a Dallas-based private equity firm that specializes in the healthcare and business-process outsourcing industries, has announced it has acquired Receivables Solutions Specialist Inc., a revenue cycle management firm. Terms of the deal were not disclosed. Receivables Solutions Specialist Inc., based in Natchez, Miss., specializes in occupational healthcare billing …
Read More »BillingTree Acquires iPayX, Expanding Healthcare and B2B Portfolio Offerings
PHOENIX, June 21, 2018 /PRNewswire/ — BillingTree, the leading payment technology and services provider, today announced it has completed the integration of additional digital payment solutions into its suite following the acquisition of Toledo-based electronic payment firm, Internet Payment Exchange (iPayX). iPayX’s XprsPay and CareView payment platforms are now fully supported …
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