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BETHESDA, MD -- Sales of distressed debt remained strong in the third quarter, according to Kaulkin Ginsberg.
"The recent liquidity crisis in the debt markets has not made any significant impact on deals" in the accounts receivable management business, Michael Lamm, an associate at Kaulkin Ginsberg said. While fewer deals have taken place, those that have been completed have been for larger dollar amounts.
Total deal value of acquisitions and mergers of accounts receivables was $2.12 billion in the third quarter.
Significant deals in the third quarter included the acquisition of AllianceOne by Teleperformance.
In another major deal, Sherman Financial Group's management team ...
Source: HighBeam Research, Distressed Debt Market Still Robust.