WASHINGTON, DC – September 7, 2011 – Greenberg Advisors, LLC (“Greenberg”), the leading M&A and strategic advisor to the Accounts Receivable Management (“ARM”) and related Specialty Finance sectors, announced today that it advised Resurgence Capital, LLC (“Resurgence”) in obtaining senior secured debt financing from Javlin Capital, LLC (“Javlin”) to fund the purchase of charged-off consumer debt portfolios. Greenberg advised Resurgence’s shareholders throughout the process.
“It was a pleasure working with Greenberg Advisors and we are thrilled about the opportunity to grow our business with such an experienced and respected strategic partner, in Javlin”, noted Steve Lubelfeld, CFO of Resurgence.
Brian Greenberg, CEO of Greenberg Advisors, commented “Because of the unique and specialized platform at Resurgence, we received interest from many capable lenders. We’re excited for our client to have secured this capital, particularly at a time when capital is difficult for many debt purchasers to obtain. We believe this is a clear reflection of their solid business model and execution skills.”
As part of the transaction, Javlin refinanced Resurgence’s existing portfolio, which had previously been financed by a commercial bank. Robert E. Johnson, CEO of Javlin, said “We’re delighted to have entered into a portfolio finance relationship with Resurgence, including refinancing their existing book. With our financing and operational expertise, Resurgence is poised for significant growth.”