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$25 Million Facility Expands InVenio's Debt Purchasing Capacity Print E-mail
Thursday, 16 April 2015

InVenio Financial (InVenio), the debt purchasing affiliate of Phillips & Cohen Associates, Ltd (PCA), is delighted to announce the completion of a $25 Million credit facility from U.S.-based Javlin Capital (Javlin), enabling 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."

(Source - InVenio/PCA/Javlin News Release)  

 

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