PLM has invested in commercial loan portfolios from an European business lender in multiple jurisdictions. This multi jurisdiction transaction enhances the position of PLM as a debt buyer in Europe. PLM will continue to buy commercial debt in multiple jurisdictions and ensures that defaulting business owners are facilitated properly to solve their outstanding debt.
PLM is awarded a Benelux master servicing assignment from a client that operates throughout Europe. We currently teamed-up with a Belgium DCA to extend our partner panel. In addition, a new German DCA is added to our DCA network. Scaling our European DCA panel contributes to the ambitions of PLM to become an European niche debt buyer and master servicer.
PLM has successfully concluded a new purchase transaction with a European mail order company after master servicing their entire portfolio since 2023. The receivables will be collected in the Netherlands and Belgium. Our comprehensive expertise in debt purchase and collections, combined with our compliant and customer-friendly approach, motivated our client’s decision to divest the portfolio to PLM. We will deploy our carefully selected Debt Collection Agency (DCA) panel to engage with customers and collect the outstanding debt.
PLM is cooperating with a European mail order company to perform master servicing activities. The overall objective is to facilitate the mail order company to collect the outstanding debt of their customers within the geographies: the Netherlands and Belgium. PLM will use its selected niche DCA panel for recoveries services and ensures that the collection activities are executed in a compliant framework.
PLM purchased a commercial debt portfolio from a business lender active throughout Europe. The seller gave PLM the opportunity to purchase the portfolio that was master serviced by us. We’ll continue our proven placement strategy for this portfolio and initiated the onboarding process. This transaction confirms our in-dept expertise in master servicing and purchasing commercial debt.
Recently PLM closed an one-off transaction with a lender that is active in multiple jurisdictions. Because of our experience with handling commercial debt and our local knowledge PLM was awarded the portfolio. The current Debt Collect Agency remains the servicer of the portfolio and is already part of the DCA panel of PLM. We will continue with our journey to purchase commercial debt and de-risk our clients from non performing loans and operational costs.
In co-operation with an international client PLM recently completed a transaction with In3 purchasing their forward flow delinquent debt. In3 is a payment service provider allowing consumers paying goods in three terms. The transaction extends the existing co-operation between parties due to an increase of volume going forward. With this investment PLM broadens its expertise in the online retail market. Due to the established partnership In3 is able to focus on their merchants and gain faster conversion, higher order amounts and optimize customer experience without charging any cost to the in3 consumers.
PLM closed a transaction with an educational service provider by acquiring a run-off portfolio. Both parties strategically benefited from the transaction. The seller doesn't have the administrative burden managing the book and PLM can focus on its core business of being a Master Servicer of its own book. PLM predominantly focusses on compliance and takes into account the specific nature of the portfolio going forward.
PLM recently acquired two run-off B2B portfolios from a European lender. Our background and expertise in purchasing non-performing loans and the fact that PLM focusses on compliancy led to the decision to align with us. Both portfolios are currently onboarded by master servicer PLM. Apart from purchasing consumer portfolios we will continue to invest in B2B portfolios and engage with clients that want to divest such portfolios in a responsible way for all stakeholders.
FinTech lender with European scope decided to extend the relationship with PLM. Besides the collection activities In the Netherlands, they decided to outsource external collections towards PLM for Belgium business to business debt. PLM is keen on building strong relationships with their clients and support them in new jurisdictions where we can make a difference.
Recently an international debt buyer and PLM completed a transaction with In3 by purchasing their delinquent debt in a forward flow construction. In3 is a payment service provider that allows consumers paying goods in 3 terms. With this investment the international debt buyer broadens its expertise in the online retail market and gains additional knowledge in consumer payment behavior. Due to the established partnership In3 is able to focus on their merchants and gain faster conversion, higher order amounts and optimize customer experience. PLM originated the transaction and is appointed by the international debt buyer as the Master Servicer.
PLM recently acquired a non performing energy portfolio. The portfolio is already placed at two bailiffs in the Netherlands and will remain under their management. PLM will perform the master servicing activities of this book and already has an arrangement with both bailiffs for other portfolios. This is again an energy portfolio acquired in a short timespan by PLM and shows our expertise in the energy sector. PLM will continue to purchase energy books with a focus on inventory debt.
PLM recently acquired a performing consumer loan portfolio. The seller decided to discontinue granting loans from a strategic point of view, which led to the divestment of the loan portfolio. This run-off portfolio was purchased by PLM who will also manage this portfolio in the upcoming years. The vast majority of the portfolio is performing. However in the event of a default PLM will manage this through their panel of specialized DCA’s. In the near future PLM will also continue to focus on purchasing performing books.
PLM strategically connects with "Deqt", a partner specialised in second placement. Deqt is added to the DCA panel of PLM and specialised in second and third placement of debt portfolios. They have a strong data driven approach combined with specialised track & trace staff. Deqt is a subsidiary of CBMK group: a credit management service provider based in Eindhoven.
FinTech lender with European scope decided to outsource external collections towards PLM. Due to in debt knowledge of consumer credit and the necessary permits and certificates, PLM is chosen as their partner. PLM is keen on building strong partnerships with their clients. Currently the files are onboarded and treated with great care by the experienced staff of PLM, within a compliant atmosphere.
Performance & Liquidity Management (PLM) recently acquired two non performing energy portfolios. Both portfolios were placed at a debt collection agency and are currently managed by the staff of PLM. It's the ambition of PLM to purchase more energy portfolios going forward and facilitate energy companies in divesting their inventory debt. PLM is fully aware of the financial and fiscal requirements to structure the purchase of energy NPL books and has an interesting trackrecord within this industry.
Azzurro Associates Limited is to divest its asset management platform "Pleitmeesters B.V." in optimizing its strategy of becoming the leading commercial debt buyer in Europe.
Pleitmeesters has managed the Dutch consumer debt portfolio of UK based Azzurro Associates since Azzurro’s purchase of consumer debt buying business, Next Finance, in 2018. Andrew Birkwood - CEO of Azzurro Associates - is pleased with the transaction: “The divestment will enable Azzurro to have more focus on our European strategy, and we have great confidence that Azzurro’s Benelux' portfolios will be well managed going forward. Pleitmeesters will continue to provide Azzurro with asset management activities on parts of its Benelux portfolios.”
Pleitmeesters has managed the Dutch consumer debt portfolio of UK based Azzurro Pleitmeesters is being acquired by its managing director (Sander Springer) and the founding partners of Asset Managing Partners B.V. (Véronique Rijken and Robin Bodaan). The new owners will continue their journey in becoming a prominent asset management company in the Benelux. They will continue to focus on managing delinquent consumer debt portfolios, where regulatory compliance and effectiveness are key for a wide range of investors and creditors.
Pleitmeesters has managed the Dutch consumer debt portfolio of UK based Azzurro. The new management team of Pleitmeesters will consist of Sander Springer and Véronique Rijken. Both gained vast experience in all aspects of recoveries management over the last 20 years. Robin Bodaan will also join Pleitmeesters as a non-executive partner. Together with the management team, they have the combined ambition to grow assets under management.