OMAHA, NE | April 2015 | Javlin Capital (Javlin) is pleased to announce the completion of a $25 Million credit facility to InVenio Financial (InVenio), the debt purchasing affiliate of U.K.-based Phillips & Cohen Associates, Ltd (PCA). The facility enables InVenio to acquire increased volumes of deceased account portfolios across all the countries it services.
“This capital enables us to expand the options available to creditors seeking to utilize our compassionate Estate recovery services in any of our global markets,” said Adam S. Cohen, Esq., PCA Co-Chairman and CEO. “We are the leading service-provider in this sensitive, niche market…and this multi-currency funding agreement increases our capacity to acquire specialty portfolios alongside guaranteeing creditors the reputational and brand protection with which we are synonymous.”
Phillips & Cohen Associates, Ltd. was established in the United States in 1998 and quickly built a reputation as a responsible and trusted partner to creditors around the globe. PCA’s global infrastructure includes an office in Manchester, UK, three offices in the United States, and offices in Montreal, Quebec, Canada and Melbourne, Australia.
“Javlin welcomes the opportunity to partner with InVenio and PCA, the industry’s leading specialist in probate accounts,” said Javlin CEO Rob Johnson. “InVenio’s expertise in a highly specialized segment of the collections industry, coupled with its expertise in operating internationally, will create attractive investment opportunities for the parties in InVenio’s core products and new developments going forward.”
About InVenio Financial & PCA
InVenio Financial, the debt buying affiliate of Phillips & Cohen Associates (UK), Ltd., has built an award winning reputation in the accounts receivable management industry through its proven, compassionate recovery processes. As the founding member of the Samaritans Academy, Phillips & Cohen Associates (UK) Ltd. utilizes special recruitment, hiring and training techniques and ongoing key performance indicators to create an environment where staff take the time to truly understand customers’ circumstances. The group’s unique processes and specialist services have fuelled rapid growth across a number of international markets alongside significant industry recognition for the Treating Customer Fairly enhancements delivered through this niche service delivery. // Download Press Release