Australian Retail Lender to Acquire Debt Collector for $32 million

Published on:
22 March 2011 at 07:39 a.m. ET

http://www.insidearm.com/news/00005920-australian-retail-lender-to-acquire-debt-/

Australian rental and small personal lender Thorn Group is acquiring National Credit Management Limited (NCML), a leading provider of integrated receivables management services in Australia, according to finance publication Banking Day. The purchase price was reported as A$32.5 million.

NCML had revenues of $21.3 million in the most recent period. The company handles consumer and commercial collections and also purchases portfolios. NCML also has a legal subsidiary, Hudson Legal.

NCML has four offices located around Australia.