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|Link Financial Group Acquires Everyday Finance|
|Wednesday, 28 September 2016|
Link Financial Group, one of Europe’s leading providers of outsourced loan servicing, today announced the completion of its acquisition of Everyday Finance from Finance Ireland Limited, the non-bank lender that specialises in a range of commercial and consumer lending markets.
Everyday Finance (previously trading as Finance Ireland Asset Management), is the largest credit management, debt purchase and recovery business in Ireland. Its history dates from 1976 when Everyday Finance was established as a consumer loan provider. Citibank acquired the company in 1999 and, on their subsequent exit from the market, the company was purchased by Finance Ireland. The business, now rebranded as Everyday, will become an integral part of Link’s platform across seven European markets and will continue to be managed by its existing, experienced senior team in Galway.
“Ireland has been a key market for Link since we set up in Dublin in 2008. We wanted to expand further within Ireland but we needed to find the right partner.
Over the years Everyday has become a market leader in servicing and purchasing both consumer and commercial loan portfolios. Coupled with its long staff tenure, experience of multiple products and knowledge of the Irish marketplace, it has become a proven and established player in the industry.
The combination of an ethical approach to credit management and an experienced team of people made Everyday Finance the obvious choice and we are delighted that they are now part of the Link Financial Group.”
Selina Burdell, COO, Link Financial Group
“We are delighted that Link has acquired Everyday Finance. This transaction will ensure its future success and allow Finance Ireland to concentrate on its core lending activities.”
Billy Kane, Executive Chairman, Finance Ireland Limited
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