Collection House Limited Acquires ACM Group Limited’s Purchase Debt Ledger
- March 6, 2019
- Posted by: DSBA
- Category: News
Debt Sale Brokers Australia (DSBA) is pleased to have worked on behalf of ACM Group Limited (ACM) in brokering the sale of their assets to Collection House Limited. As stated in the ASX Announcement published by Collection House on Monday 4 March 2019, Collection House has reached a binding agreement to acquire the entire Purchase Debt Ledger (PDL) and other selected assets from ACM for a total cash consideration of $40.3m, with the purchase expected to settle by the end of March 2019.
“We are absolutely delighted with the outcome of this deal” said Adam Dayeian, Managing Director of DSBA. “We are delighted for Bert Vieira in achieving a price that will allow him to retire from the industry and spend quality time with his family. I really appreciate Mr. Vieira giving myself and my company the trust and opportunity to broker this deal to the market and meeting his pricing expectations”.
For any debt purchase and debt collection companies in Australia and New Zealand who are looking at an exit strategy or looking at growth through merger and acquisitions, please feel free to contact Adam Dayeian of Debt Sale Brokers Australia at firstname.lastname@example.org.
For a copy of the ASX Announcement please download the PDF below.
CH ASX Announcement
About Debt Sale Brokers Australia
Debt Sale Brokers Australia is an intermediary for debt sales on behalf of credit issuers to the debt buyer market in Australia and New Zealand. DSBA also provides consultancy services within the collections and recoveries industry that allows either credit issuers, debt buyers or debt collection agencies enhance their existing business and business processes. DSBA strives to be the broker of choice that continually focuses on integrity and transparency in every debt sale transaction.