Philippines: Credit management firm Collectius acquires bank’s $350m NPL portfolio

Multinational credit management service and asset management company Collectius Group has completed its acquisition of a Non-Performing Loan (NPL) portfolio from a leading bank in the Philippines valued at $350 million.

The deal consists of 340,000 credit cards and personal loans, with Collectius terming it as a breakthrough deal in the Southeast Asia (SEA) debt buying markets.

Professional services firm PwC served as Collectius’ advisor for the transaction.

Collectius Group’s head of portfolio acquisition Ivar Bjorklund said the bank deal will open up many more opportunities in the future.

“We have deep pockets and are hungry to grow our business,” Bjorklund said. “We feel that we are the preferred choice of many banks today.”

Earlier this year, Collectius acquired CJM Solutions, a debt collection agency with headquarters in Manila.

Established in 1999, Collectius has operations in the Philippines, Singapore, Malaysia and Thailand. It is funded through its Swiss holding company in Zug, and its largest financier is Stena, a Swedish shipping conglomerate.

Collectius’ goal is to help debtors become debt free. The company promotes debt collections that have the highest level of compliance, automation, predictive analytics, big data analytics and customer-centric offer optimization.

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.