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February 10, 2014updated 04 Apr 2017 2:31pm

CCM acquires debt buyer for £295 million

Cabot Credit Management (CCM), a manager of consumer debt, has acquired Marlin Financial Group, a specialised debt buyer, for £295 million.

By Patrick Brusnahan

Cabot Credit Management (CCM), a manager of consumer debt, has acquired Marlin Financial Group, a specialised debt buyer, for £295 million.

As part of the agreement, Ken Stannard, Marlin’s CEO, has been appointed CEO of CCM with the current CEO, Neil Clyne, stepping down to pursue other interests.

Stannard said: "We are delighted to bring together two industry leaders with their own unique strengths. Together, the companies are well placed to become the purchaser of choice for UK vendors."

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