“Adverse impact”: Covid-19 thwarts Cabot’s Irish plan to become a major European vulture fund – for now
The subsidiary of the US-based Encore Capital Group is just one of many investors increasingly using Ireland as a base to snap up distressed debt on the continent. But it has hit a speedbump in the rolling out of this plan.
28th Jun, 2021 - 4 min read
From an industrial estate in Tallaght, a debt collector turned vulture fund has launched 1,000 High Court actions
A new flurry of legal proceedings shows Cabot Financial is not finished pursuing borrowers in portfolios it has acquired from, or services on behalf of Irish banks. But who are the vultures operating off Dublin’s Belgard road?