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|Cabot enters Spanish Debt Servicing Market|
|Monday, 09 November 2015|
Cabot, the UK and Irelands largest servicer of non-performing loans recognised as the industry leader in regulatory compliance has acquired 100% of Gesif, which has over 20 years of extensive experience in collections management servicing both consumer and SME loan portfolio’s from multiple sectors for clients ranging from Spanish Banks to Global Investors.
Gesif S.A.U. Spain’s most experienced credit management services company has been acquired by Cabot Financial Debt Recoveries Services Limited, part of the Cabot Credit Management Group.
Melania Sebastián Marino, Gesif Directora General, commented: “ We are very proud to join the Cabot family which will enable us to grow and gain a leadership position in the Spanish servicing market.”
Ken Stannard, Cabot Group CEO, commented: “Gesif gives us a foothold and growth platform in a strategically important geography with similar focus and high standards in regulatory compliance and will allow us to leverage our operating platform for further long term growth in Spain. A key factor in our decision is the high quality leadership team and strong client relationships at Gesif, we are all very excited to be working with Melania and her team!”
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