Alantra advised Elliot on the sale of its subsidiary Gesif to Cabot Credit Management

Jun 2015

Sell-side advisory

Alantra advised Elliott Advisors in the sale of Gesif to Cabot Credit Management. Gesif is one of the main debt collectors and NPL investment platforms in Spain, having worked with over 75% of Spain’s financial institutions. Founded in 1991, the Group has seven offices in Spain.

Elliott Advisors is a privately owned hedge fund sponsor operating as a subsidiary of Elliott Management Corporation. The firm invests in the public equity markets across the globe and it also invests in alternative markets. The firm primarily makes its investments in companies undergoing bankruptcy, reorganization, or corporate restructuring.

Cabot Credit Management is one of the leading debt purchasing, contingency collections, litigation and customer tracing. The Group employs over 1,200 and as at 30 June 2015 it has invested £1.7bn (c.€2.4bn) in acquiring portfolios with a face value in excess of £16.0bn (€22.4bn) update and has an estimated remaining collections of £1.85bn (c.€2.6bn). The controlling shareholder of Cabot Credit Management is Encore Capital Group, an international speciality finance company providing debt recovery solutions, with the remaining equity being held by a fund advised by J.C. Flowers & Co. in addition to company management.