Collectius Strengthens Its Presence in SEA Through Acquisition in the Philippines

Press Release updated: Oct 30, 2017 18:30 EDT

Collectius reaches an agreement to purchase CJM Solutions from its current shareholders. The acquisition further strengthens Collectius’ presence in South East Asia.

“This deal is a major stepping stone for Collectius in its strategy to purchase debt and start helping debtors become debt-free also in the Philippines.”

Gustav A. Eriksson

The deal combines the local knowledge of CJM Strategic Management Solutions, Inc. with international best practices and debt-purchasing capabilities of Collectius. Collectius is focusing on the Southeast Asian market with the goal to unburden debtors and to integrate them into a lifestyle free from debt again. PwC is acting advisor to Collectius in its debt acquisitions in the Philippines.

“Collectius is providing the necessary IT, knowledge and capital to our company in order to take it to the next level. I expect us to close the first debt purchase very soon thanks to this investment.”

Ronald Castro

“Backed by a reputable Swedish conglomerate, Collectius has the financial strength and can work swiftly and collaboratively in its deals.”

Mary Jade Roxas-Divinagracia, PwC

Collectius Group:

Collectius Group is a multinational credit management service and asset management company with operations in Philippines, Singapore, Malaysia and Thailand, with nearly two decades of experience in credit management service and purchasing non-performing loan portfolios of distressed consumer debt. Collectius’ vision is help its debtors to become debt free and regain their freedom again. Collectius is funded through its Swiss holding company in Zug, and its largest financier is Stena, which is a Swedish shipping company conglomerate.

Source: CEO Collectius Group

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About the Author: Carrie Brunner

Carrie Brunner grew up in a small town in northern New Brunswick. She studied chemistry in college, graduated, and married her husband one month later. They were then blessed with two baby boys within the first four years of marriage. Having babies gave their family a desire to return to the old paths – to nourish their family with traditional, homegrown foods; rid their home of toxic chemicals and petroleum products; and give their boys a chance to know a simple, sustainable way of life. They are currently building a homestead from scratch on two little acres in central Texas. There’s a lot to be done to become somewhat self-sufficient, but they are debt-free and get to spend their days living this simple, good life together with their five young children. Carrie writes mostly on provincial stories.
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