Manchester-based debt purchaser Azzurro Associates has bought the debt purchasing, collections and data businesses of Dutch debt purchase and real estate investments firm Next Investments.
Azzurro Associates was formed in 2017 by Andrew Birkwood, previously chief investment officer of UK based debt purchaser, Arrow Global. The three subsidiaries which Azzurro has acquired from Next Investments are Next Finance, Pleitmeesters and Data Interface.
Birkwood said: “We are very happy with this acquisition, which we believe will give us a strong position in the Dutch credit market. With a range of high profile clients, the acquisition of Next Finance, Pleitmeesters and Data Interface supports our vision to be the leading provider of liquidity solutions to the commercial and consumer credit markets.”