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Debt purchase funding tight, say buyers
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Debt purchase funding tight, say buyers
The funding market for debt purchase is tight and deals are getting bigger – that’s according to speakers at Credit Today’s debt purchase conference in Manchester yesterday. Mark Golding, partner at Deloitte, said: “It’s about as challenging a market as we’ve ever seen. It looked like the markets were opening back up again for M&A but in the last couple of months that confidence has evaporated very quickly.” Chief executive of Marlin Financial Martin Dunphy said it is possible to find funding but not easy: “It’s about consistency. When you do what you say you’re going to do we have found a lot more people are interested in providing finance.” Speakers agreed that the debt purchase market is moving towards fewer larger deals and that only the “premier league” of purchase businesses will be able to....Read more here--> Debt purchase funding tight, say buyersTags: None
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