Last year, Cabot Financial’s Irish office reported a setback in its grand plan to acquire non-performing loans (NPLs) all over Europe, after Covid-19 closed down deal opportunities for distressed debt sales and slowed down collections from borrowers in 2020.  New financial information from two subsidiaries of the emerging Tallaght-based vulture fund, however, reveals that it has now restored its continental business to its pre-pandemic glory. Collections at Cabot Securitisation Europe, the firm’s main vehicle to acquire defaulted European consumer loans, collected €79.1 million from borrowers in Spain, France, Portugal and Poland. “The growth in portfolio collections is primarily due to…

Want to read the full story?

Unlock this article – and everything else on The Currency – with an annual membership and receive a free Samsonite Upscape suitcase, retailing at €235, delivered to your door.

Subscribe

Cancel at any time.

Are you already a member? .