London, UK (PRWEB) March 15, 2007
Black Tip Capital Holdings Ltd (Black Tip Capital) today announced that it has acquired Marlin Capital Europe Ltd (MCE), a UK and continental European debt purchaser, and Marlin Financial Services Ltd (MFS), MCE's sister consumer debt collection company. Black Tip Capital is based in London and specializes in the formation, acquisition and management of financial service companies.
MCE was founded in 2002 to source, conclude and manage the purchase and collection of distressed consumer debt. Prior to its acquisition by Black Tip Capital, MCE was an affiliate of a major American consumer debt purchasing company.
MFS was founded in 2004 to effect collections on MCE's UK purchased portfolios and offer contingent collection services to large debt buyers and originators. Based in Shoreham-by-Sea, MFS operates a 45 person call centre with an in house litigation operation.
The acquisition was led by Martin Dunphy, founder of both MCE and MFS, in the form of a management buyout.
It is anticipated that Black Tip Capital will expand into wider financial services markets in the UK and on continental Europe